Tag Archive for ‘consumer finance’

Consumer Credit Grows but Some Risks Lurk

According to the Federal Reserve Board, consumer credit grew by a seasonally adjusted annual rate of 7.9 percent over the month of November to $3.75 trillion. Revolving credit, which is largely composed of credit cards, grew by 13.5 percent while non-revolving credit, typically student loans and auto loans, rose by 5.9 percent. Although revolving credit grew faster than non-revolving credit… Read More ›

Non-Mortgage Credit Growth Continues

The Federal Reserve Board reported that consumer credit outstanding continues to grow. However, at a seasonally adjusted annual rate of 5.2 percent over the month of October 2016, growth in consumer credit was 1.9 percentage points slower than its rate, 7.1 percent, in September. There is now $3.73 trillion in outstanding consumer credit. Revolving credit has also contributed to the over consumer credit… Read More ›

Serious Delinquency Rates Improve Across Most Household Debts

A recent release by the Federal Reserve Bank of New York indicates that, in aggregate, 90 or more day delinquency rates are falling on most household debt products. However, serious delinquency on student loans remains elevated while a greater portion of auto debt held by households with low credit scores is entering serious delinquency. The results indicate that household balance… Read More ›

Non-Mortgage Consumer Debt Accelerates

The Federal Reserve Board reported that consumer credit outstanding grew by a seasonally adjusted annual rate of 7.0% over the third quarter of 2016, 0.6 percentage point faster than the 6.4% rate of growth in the second quarter. There is now $3.71 trillion in outstanding consumer credit. Growth in the outstanding amount of consumer credit overall reflected an increase in both revolving and non-revolving… Read More ›

Fed Report Shows Strong Consumer Credit Growth

Consumer credit outstanding expanded by a seasonally adjusted annual rate of 8.5% over the month of August 2016, 2.6 percentage points faster than its growth rate in July, 5.9%. According to the report, released by the Federal Reserve Board, there is now $3.69 trillion in outstanding consumer credit. Growth in revolving credit, which is largely composed of credit card debt, contributed to… Read More ›

Consumer Credit Outstanding: What’s Driving Auto Loan Growth?

Consumer credit outstanding expanded by a seasonally adjusted annual rate of 5.8% over the month of July 2016, 1.0 percentage point faster than its growth rate in June. According to the report, released by the Federal Reserve Board, there is now $3.66 trillion in outstanding consumer credit. Growth in revolving credit, which is largely composed of credit card debt, contributed to… Read More ›

Consumer Credit Grows

The Federal Reserve Board reported that consumer credit outstanding grew by a seasonally adjusted annual rate of 4.1% over the month of June 2016, 1.9 percentage points slower than its growth rate in May. Over the second quarter of 2016, consumer credit outstanding expanded by 5.3%, 0.5 percentage points less than the 5.8% rate of growth in the first quarter of 2016…. Read More ›

New Home Sales: Financing Source Shares Hold Steady

NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals that the share of mortgages financed through conventional, FHA, and VA loans, as well as cash, held steady in the second quarter of 2016 while the number of new homes sold grew by 22%. According to data from the Census Bureau’s Quarterly Sales by Price… Read More ›

Consumer Credit Outstanding Partly Fueled by Strengthening Demand

Consumer credit outstanding grew by a seasonally adjusted annual rate of 6.2%, $222.7 billion, in the month of May 2016, 1.7 percentage points faster than the 4.5% rate of growth recorded in April. Consumer credit outstanding now totals $3.624 trillion. According to the Federal Reserve Board’s Consumer Credit report, the increase in total consumer credit outstanding partly reflected an expansion in the… Read More ›

Consumer Credit Outstanding Grows on Auto, Student Loans

Consumer credit outstanding grew by a seasonally adjusted annual rate of 4.5%, $161.0 billion, in the month of April 2016, 5.1 percentage points slower than the 9.6% rate of growth recorded in March. Consumer credit outstanding now totals $3.602 trillion. According to the Federal Reserve Board’s Consumer Credit Report, the increase in total consumer credit outstanding partly reflected an expansion in the… Read More ›