Tag Archive for ‘household finance’

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 ›

Homeowners Contribute to Growth of Peer Lending

Peer-funded lending for personal and business loans has registered robust growth in recent years. Moreover, between 2007 and the third quarter of 2015, the composition of borrowers shifted from largely renters to a majority of homeowners. Not only do homeowners represent the majority of borrowing, but the median borrowed amount funded exceeds the median borrowed amount obtained by renters. At… Read More ›

Housing Equity Continues to Expand

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 $21.826 trillion in the third quarter of 2015, $1.365 trillion higher than its level, $20.461 trillion, in the third quarter of 2014. At the same time, home mortgage debt outstanding,… Read More ›

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 ›