Search
Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Filter by Custom Post Type
Content from
{ "homeurl": "http://rismedia.com/", "resultstype": "vertical", "resultsposition": "hover", "itemscount": 4, "imagewidth": 70, "imageheight": 70, "resultitemheight": "auto", "showauthor": 0, "showdate": 1, "showdescription": 1, "charcount": 3, "noresultstext": "No results!", "didyoumeantext": "Did you mean:", "defaultImage": "http://rismedia.com/wp-content/plugins/ajax-search-pro/img/default.jpg", "highlight": 0, "highlightwholewords": 1, "openToBlank": 1, "scrollToResults": 0, "resultareaclickable": 1, "autocomplete": { "enabled": 1, "googleOnly": 1, "lang": "en", "mobile": 1 }, "triggerontype": 1, "triggeronclick": 1, "triggeronreturn": 1, "triggerOnFacetChange": 1, "trigger": { "delay": 300, "autocomplete_delay": 310 }, "overridewpdefault": 0, "override_method": "post", "redirectonclick": 0, "redirectClickTo": "results_page", "redirect_on_enter": 0, "redirectEnterTo": "results_page", "redirect_url": "?s={phrase}", "settingsimagepos": "left", "settingsVisible": 0, "hresulthidedesc": "0", "prescontainerheight": "400px", "pshowsubtitle": "0", "pshowdesc": "1", "closeOnDocClick": 1, "iifNoImage": "description", "iiRows": 2, "iiGutter": 5, "iitemsWidth": 200, "iitemsHeight": 200, "iishowOverlay": 1, "iiblurOverlay": 1, "iihideContent": 1, "loaderLocation": "auto", "analytics": 0, "analyticsString": "", "show_more": { "url": "?s={phrase}", "action": "ajax" }, "mobile": { "trigger_on_type": 1, "trigger_on_click": 1, "hide_keyboard": 0 }, "compact": { "enabled": 1, "width": "300px", "closeOnMagnifier": 1, "closeOnDocument": 0, "position": "fixed", "overlay": 0 }, "animations": { "pc": { "settings": { "anim" : "fadedrop", "dur" : 300 }, "results" : { "anim" : "fadedrop", "dur" : 300 }, "items" : "fadeInDown" }, "mob": { "settings": { "anim" : "fadedrop", "dur" : 300 }, "results" : { "anim" : "fadedrop", "dur" : 300 }, "items" : "voidanim" } }, "autop": { "state": "disabled", "phrase": "", "count": 100 } }
Share This Post Now!

Mortgage balances pulled back in the third quarter of this year, down $12 billion, yet remain higher than last year by $90 billion to $8.35 trillion in total, the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit shows. HELOC balances also declined in the third quarter, and overall, by $6 billion quarter-over-quarter and $20 billion year-over-year.

Mortgage delinquency rates decreased, as well, according to the report. The delinquency rate—determined as 90 or more days delinquent—was 1.6 percent in the third quarter, down from 1.8 percent in the second quarter. The HELOC delinquency rate came in unchanged quarter-over-quarter at 2.0 percent.

Total household debt, which includes mortgage balances, has expanded slightly 0.5 percent to $12.35 trillion. Non-housing debt, conversely, continues to show improvement.

“This quarter, mortgage balance growth remained low in part due to tight lending standards, while non-housing debt continued its steady rise seen since the financial crisis,” said Andrew Haughwout, senior vice president at the New York Fed, in a statement. “Subprime and overall auto loan originations remained strong and auto loan delinquency rates were low and relatively flat. Yet disaggregating results by credit score revealed significantly higher, and rising, delinquency rates among subprime auto loans.”

Source: Federal Reserve Bank of New York

For the latest real estate news and trends, bookmark RISMedia.com.

Facebook Comments