Tag Archive for ‘finance’

Consumer Credit Continues to Grow

Consumer credit outstanding grew by a seasonally adjusted annual rate of 5.5%, $191.8 billion, in the month of October 2015, 4.4 percentage point slower than the 9.9% rate of growth recorded in September 2015. Consumer credit outstanding now totals $3.512 trillion. The increase in total consumer credit outstanding largely reflected an expansion in the outstanding amount of non-revolving consumer credit. Non-revolving consumer… 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 ›

NAHB Survey Finds AD&C Lending Standards Easing

Builders and developers continue to report easing credit conditions for acquisition, development, and construction (AD&C) loans. On net, 30.3% of survey respondents indicated that overall lending standards on AD&C loan availability had eased in the third quarter of 2015. In the second quarter, a net share of 30.7% of survey respondents said that lending standards had eased. Since the index… Read More ›

NAHB Survey Finds AD&C Lending Standards Easing

Builders and developers continue to report easing credit conditions for acquisition, development, and construction (AD&C) loans. On net, 30.3% of survey respondents indicated that overall lending standards on AD&C loan availability had eased in the third quarter of 2015. In the second quarter, a net share of 30.7% of survey respondents said that lending standards had eased. Since the index… Read More ›

Consumer Credit Expands

Consumer credit outstanding grew by a seasonally adjusted annual rate of 7.5%, $257.7 billion, in the third quarter of 2015, 1.0 percentage point slower than the 8.5% rate of growth recorded in the second quarter of 2015. Consumer credit outstanding now totals $3.499 trillion. The increase in total consumer credit outstanding partly reflected an expansion in the outstanding amount of… Read More ›

Lending Standards on Construction and Land Development Loans Tighten

Credit standards on loan applications for construction and land development loans or credit lines tightened, on net, over the third quarter of 2015. According to the most recent iteration of the Federal Reserve Board’s Senior Loan Officer Opinion Survey, a net share of 4.4% said that lending standards at their respective commercial bank tightened. The net share represents the difference… Read More ›

Consumer Credit (from both Traditional and Non-traditional Sources) Expands

The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 5.6%, $192.2 billion, in August 2015, slower than the 6.6% rate of growth recorded in July and the 9.6% growth rate in June. Consumer credit outstanding is now at $3.470 trillion. The expansion of total consumer credit outstanding partly reflected an increase in… Read More ›

Residential Mortgages: Who Borrows What?

The Financial Accounts of the United States shows continued improvement in the aggregate home equity position of U.S. households. Household holdings of real estate, measured on a not seasonally adjusted basis, totaled $21.540 trillion in the second quarter of 2015, $1.366 trillion higher than its level, $20.174 trillion, in the second quarter of 2014. At the same time, home mortgage debt outstanding,… Read More ›