Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Good News! Mortgage Credit Expands In Q3 While Serious Delinquencies Fall (Student Loans Rise)
Confounded Interest ^ | 11/14/2013 | Anthony B. Sanders

Posted on 11/14/2013 11:34:22 AM PST by whitedog57

According to the Federal Reserve of New York’s Quarterly Report on Household Debt and Credit, mortgages, the largest component of household debt, increased by 0.7 percent in the third quarter of 2013. Mortgage balances shown on consumer credit reports stand at $7.90 trillion, up by $56 billion from the level in the second quarter. Balances on home equity lines of credit (HELOC) dropped by $5 billion (0.9 percent) and now stand at $535 billion. Household non-housing debt balances increased by 2.7 percent, with gains of $31 billion in auto loan balances, $33 billion in student loan balances and $4 billion in credit card balances.

mortgagedebt

More good news for the mortgage market. Serious delinquencies (90+ days) continue to decline. Only students loans are rising (along with home equity lines of credit (HELOCs)).

sl90plus

The bad news? Student loans have been accelerating since 2009. It looks like they are trying for escape velocity.

studentloanszip


TOPICS: Business/Economy; Government; Politics
KEYWORDS: default; loans; mortgage; student
Great strategy. Burdening our children and grandchildren with debt.
1 posted on 11/14/2013 11:34:22 AM PST by whitedog57
[ Post Reply | Private Reply | View Replies]

To: whitedog57

What prevented you from actually posting the charts you have stolen?


2 posted on 11/14/2013 11:52:19 AM PST by humblegunner
[ Post Reply | Private Reply | To 1 | View Replies]

To: whitedog57

Costing us more to propagandize our children


3 posted on 11/14/2013 4:39:29 PM PST by ronnie raygun
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson