FDIC-insured banks and savings institutions earned $25.5 billion in the fourth quarter, down 40.9 percent from the industry’s earnings a year before, the FDIC said yesterday.
Outstanding household debt increased by 1.5 percent in the fourth quarter of 2017, rising by $193 billion to land at $13.15 trillion, the Federal Reserve Bank of New York said today.
Delinquencies in many types of closed-end loans and home equity lines of credit rose in the third quarter of 2017, while bank card delinquencies fell, according to the ABA Consumer Credit Delinquency Bulletin released today.
The cost of credit in the credit card market has held steady since 2015, though interest rates have risen as market rates have increased, according to a new, 350-page study from the Consumer Financial Protection Bureau.
The share of current and performing first-lien mortgages remained unchanged from a year prior at 94.8 percent, according to the Mortgage Metrics Report released on Friday by the OCC.
The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due or are in the foreclosure process ticked up in the third quarter of 2017.
Mortgage delinquencies in the U.S. have reached their lowest point since the financial crisis, according to data from the Consumer Financial Protection Bureau’s new mortgage performance trends tool, which the bureau unveiled today.
Delinquencies in closed-end loans held steady in the second quarter of 2017 while bank card delinquencies fell and home-related categories continued their decline toward normal levels, according to the ABA Consumer Credit Delinquency Bulletin released today.
The share of current and performing first-lien mortgages rose to 95.6 percent for the first quarter, up from 94.9 percent a year earlier, according to the Mortgage Metrics Report released today by the OCC.