Tag Archive for ‘federal reserve bank of new york’

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 ›

Mortgage Debt Continues to Grow

According to the Household Debt and Credit Report released by the Federal Reserve Bank of New York (FRB NY), the outstanding amount of housing-related debt, both home mortgages and home equity lines of credit (HELOCs), totaled $8.8 trillion in the second quarter of 2016, 2.6% ($225 billion) greater than the level from one year ago. However, the outstanding amount of home equity… Read More ›

Mortgage Debt Outstanding Expands On Growing Originations

According to the Household Debt and Credit Report released by the Federal Reserve Bank of New York, aggregate household debt outstanding totaled $12.252 trillion in the first quarter of 2016, 2.4%, $401 billion, greater than its level of one year ago. The report found that non-housing related debt outstanding (auto loans, credit cards, student loans and other debt) increased year-over-year… Read More ›

HELOCs Continue to Shrink, But at Larger Banks

According the Federal Reserve Bank of New York the outstanding amount of home equity lines of credit (HELOCs) was the only debt category to record a decrease in the third quarter of 2015. Home equity lines of credit are an important source of financing for home remodeling projects. Over the quarter, the outstanding amount of HELOCs fell by 1.4%, $7… Read More ›

Mortgage Debt Outstanding Expands

Aggregate household debt outstanding totaled $12.065 trillion in the third quarter of 2015, 3.5%, $355 billion, greater than its level of one year ago. According to the report released by the Federal Reserve Bank of New York, housing-related debt, mortgages and home equity lines of credit rose by a combined amount of 1.3%, $109 billion. Mortgage debt outstanding rose by… Read More ›

Serious Delinquency Rates Continue Their Descent

According to a report by the Mortgage Bankers’ Association the delinquency rate for mortgage loans on 1-4 unit residential properties decreased to a seasonally adjusted rate of 5.30% of all loans outstanding at the end of the second quarter of 2015, 24 basis points less than its level in the first quarter of 2015 and 74 basis points below its level one… Read More ›