Tag Archive for ‘finance’

Consumer Credit Outstanding Continues to Grow

According to the Federal Reserve Board, consumer credit outstanding expanded over the month of November 2014. However, the rate of expansion was slower in November than it was in October. On a seasonally adjusted annual rate basis, total consumer credit, which excludes housing related credit such as mortgages and home equity lines of credit, rose by 5.1%, $169 billion, over… Read More ›

Is it Easy to Obtain a Mortgage?

For many households, obtaining a mortgage is the most important step when seeking to purchase a home. As housing analysts, a natural question to ask when assessing the prospects for home buying is “how easy is it for households to obtain a mortgage?” The Federal National Mortgage Association (FNMA) or Fannie Mae attempts to shed light on this question with… Read More ›

Mortgage Delinquency Rates Fall

Recently released data from the Mortgage Bankers Association (MBA) shows that the share of mortgages that are considered delinquent fell. On a seasonally adjusted basis, the share of mortgages past due declined over the third quarter of 2014 by 19 basis points to 5.85%. Over the past year, the proportion of mortgages past due decreased by 66 basis points from… Read More ›

Consumer Credit Expands

Data released by the Federal Reserve Board shows that the amount of consumer credit outstanding rose over the month of September 2014. According to the release, consumer credit outstanding grew at a seasonally adjusted annual rate of 5.9% ($191.1 billion). Revolving credit outstanding, which is largely made up of credit card debt, increased by 2.0% ($17.3 billion), while non-revolving credit… Read More ›

Consumer Credit Grows

Data released by the Federal Reserve Board indicates that consumer credit outstanding expanded over the month of July. On a seasonally adjusted annual rate basis, total consumer credit, which excludes housing related credit such as mortgages and home equity lines of credit, rose by 10%, $312 billion, over the month. Non-revolving credit outstanding, largely composed of auto loans and student… Read More ›

Mortgage Delinquency Rates Continue to Improve

Data released by the Mortgage Bankers Association (MBA) indicates that the delinquency rate for mortgage loans on one-to-four-unit residential properties, considered single-family properties, decreased to a seasonally adjusted rate of 6.04% of all loans outstanding at the end of the second quarter of 2014, 7 basis points less than its level in the first quarter of 2014 and 92 basis… Read More ›

Consumer Credit Expands On Auto, Student Loans

Data released by the Federal Reserve Board indicates that consumer credit continued to expand in July, albeit at a slower pace than in the recent past. According to the Federal Reserve’s G.19 survey, consumer credit outstanding grew at a seasonally adjusted annual rate of 4.4% and now stands at $2.9 trillion. However, the growth in consumer credit outstanding recorded in… Read More ›

Housing Remains a Key Component of Household Wealth

Recently released research by NAHB reaffirms that homeownership is an important component of household wealth accumulation. Part of the reason why the primary residence is an important source of household wealth is because of its size on the household balance sheet. As Figure 1 illustrates, the primary residence represents the largest asset category on the balance sheets of households. At… Read More ›