ABA Data Bank: Consumer Delinquencies Remain Historically Low
A solid job market and rising wages provide strong foundation for consumers to meet debt obligations.
Browsing: Delinquencies
Bank Card Delinquencies Fall in Third Quarter
Bank card delinquencies fell in the third quarter of 2019, although they rose in several closed-end loan categories, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin released today.
Household Debt Continues to Increase
Outstanding household debt increased by 0.7% in the third quarter of 2019, rising by $92 billion to land at $13.95 trillion, the Federal Reserve Bank of New York reported today.
Credit Card Delinquencies Fall, Other Delinquencies Edge Up
Delinquencies were mixed in the second quarter, with delinquencies falling for bank cards while rising for the composite index of closed-end loans, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin released today.
OCC: Mortgage Performance Improves Slightly in Q2
The share of current and performing first-lien mortgages in the second quarter of 2019 was 96.1%, up from 95.6% a year ago, according to the Mortgage Metrics Report released today by the OCC.
Delinquent GSE Mortgages Fall
The number of homes backed by Fannie Mae and Freddie Mac that are 60 or more days past due fell from 1.03% to 1% at the end of the second quarter of 2019, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.
Credit Card Delinquencies Fall, Other Delinquencies Hold Steady
Delinquencies for credit cards provided by banks fell significantly in the first quarter of 2019, while the composite index of closed-end loans remained unchanged, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin released today.
What—and Who—Is Driving Delinquencies in Auto Loans?
With high quality loans and low delinquencies, banks are positioned well to handle a slowdown in the auto lending market.
Untangling the Real Story about Consumers and Debt
The good news is that both borrowers and lenders continue to exercise discipline and consumers are still in very strong financial shape.