New York Fed Releases Report re Decreasing Delinquency Rates
August 29, 2012
On August 29, the Federal Reserve Bank of New York announced in its latest Quarterly Report on Household Debt and Credit that delinquency rates for mortgages, credit cards, and auto loans decreased from the previous quarter. Rates for student loans and home equity lines of credit (HELOC), however, increased from March. The report also highlights that foreclosure notations were at their lowest since mid-2007 and that credit card delinquencies were at the lowest level since the fourth quarter of 2008.
New York Fed August Quartery Report on Household Debt and Credit – August 29, 2012