Smart Borrower Blog

Archive for the ‘Home Equity Loans’ Category

Student Loan Delinquencies Outpace All Others

Jun 21st, 2017 @ 9:30 PM by Amber Nelson

While auto loan and credit card delinquencies are on the rise, they are extremely low compared to the rapid increase of student loans falling into delinquency. According to the Federal Reserve Bank of New York’s latest U.S. Economy in a Snapshot, “flows into serious delinquency for all loan types except student loans peaked during the […]

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Federal Reserve Raises Rates to 9-Year High

Jun 15th, 2017 @ 8:49 PM by Amber Nelson

The Federal Reserve increased its target interest rate to a range of 1 percent to 1.25 percent Wednesday, the first time in nine years the rate has been over 1 percent. The rise could affect everything from credit card rates to mortgage loans to savings rates. As promised, the Fed raised rates for the second […]

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Credit Card, Auto Debt Delinquencies Rise in 3rd Quarter

Jan 11th, 2017 @ 9:22 PM by Amber Nelson

While still at historically low levels, U.S. consumer debt delinquency rates rose in the third quarter of last year, according to data from the American Bankers Association. The increases were led by jumps in auto loans and bank card loans delinquencies. The ABA Consumer Credit Delinquency Bulletin found that a composite ratio of delinquencies (late payments […]

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Consumers Push Mortgage, Credit Card Delinquencies Lower

Jul 7th, 2016 @ 8:21 PM by Amber Nelson

U.S. consumers continued to manage their debts better in the first quarter, according to the latest report from the American Bankers Association, with delinquencies falling in seven of the 11 tracked loan categories. “More people have jobs, wages are higher, home values have increased and consumers didn’t overextend themselves during the holiday season,” said James […]

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Consumers Taking on More Debt and Handling It Better

Jun 1st, 2016 @ 8:41 PM by Amber Nelson

U.S. consumers increased their overall debt load during the first quarter of 2016, according to new data from the New York Federal Reserve, and so far they seem to be keeping up with their payments better than the previous quarter. The Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit found that […]

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Mortgage Delinquencies Fell in Fourth Quarter as Auto Loan Late Payments Jumped

Apr 13th, 2016 @ 8:32 PM by Amber Nelson

U.S. mortgages and related loans fell significantly during the 2015 fourth quarter, according to recent data from the American Bankers Association. In its Consumer Credit Delinquency Bulletin the ABA reported that two out of the three home loan categories it tracks showed marked improvement. Home equity lines of credit (HELOC) delinquencies fell to 1.18 percent […]

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Consumer Delinquencies Rise in Third Quarter

Jan 13th, 2016 @ 10:50 AM by Amber Nelson

Slower economic growth helped push credit delinquencies higher during the 2015 third quarter among American consumers, according to data from the American Bankers Association. In its Consumer Credit Delinquency Bulletin, the ABA reported that the delinquency rate among closed-end loans (installment loans such as car loans and home equity loans) rose to 1.41 percent of […]

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Cash-Out Refis Jump 70 Percent in Second Quarter

Dec 16th, 2015 @ 7:45 AM by Amber Nelson

More Americans are turning to their homes again for a source of capital, according to data from mortgage data company Black Knight Financial Services, Inc., with the popularity of cash-out refinances jumping over last year. “In the second quarter of 2015, we saw cash-out refinance volumes rise almost 70 percent from the same period last […]

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U.S. Consumers Credit Delinquencies Fell in 2nd Quarter

Oct 21st, 2015 @ 11:34 AM by Amber Nelson

Building on a three-year trend, consumers did even better at managing their credit during the 2015 second quarter, according the American Bankers Association. The ABA composite ratio, a measure of delinquencies (payments late by 30 or more days) in eight closed-end installment loan categories, declined to 1.36 percent, down 17 basis points from 1.53 percent […]

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Fed Survey: Stronger Loan Demand Hints at Increased GDP

Aug 5th, 2015 @ 8:09 PM by Amber Nelson

In 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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