Archive for August, 2015
Student Loan Delinquencies Reach Dangerously High Levels
Aug 26th, 2015 @ 6:46 PM by Amber NelsonMany Americans with student loans are struggling to keep up with their payments, according to data from the Federal Reserve Bank of New York, with delinquency rates at a startling level and the trend could continue in coming months. In its Report on Household Debt and Credit Developments, the New York Fed reported that during […]
more »Auto Delinquencies Fall To 2-Year Low
Aug 19th, 2015 @ 8:22 PM by Amber NelsonU.S. consumers are taking on more car debt, but they are doing better at making timely payments, according to the latest report from credit tracking agency TransUnion. In fact, auto delinquencies have fallen to their lowest level in two years. TransUnion found that 0.95 percent of all auto loan borrowers were behind on their payments by […]
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Mortgage Credit Loosens in July
Aug 12th, 2015 @ 9:08 AM by Amber NelsonMortgage money was more readily available in July, according to the Mortgage Bankers Association, as home loan demand increased. “Credit availability increased in July, mainly driven by higher-balance loan programs,” said Mike Fratantoni, Chief Economist for the MBA. “Many investors are fine tuning their cash-out refinance requirements to meet increasing borrower demand for home equity […]
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Fed Survey: Stronger Loan Demand Hints at Increased GDP
Aug 5th, 2015 @ 8:09 PM by Amber NelsonIn its latest survey, the Federal Reserve found that banks are seeing an increase in demand for commercial and consumer loan, a sign that U.S. economic growth may pick up as we move toward 2016. The Fed’s quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices is designed to uncover trends in demand and […]
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