As unemployment skyrockets, so do mortgage loan delinquencies

May 21, 2020
April saw the biggest one-month jump in U.S. home loan delinquencies ever.
More than 3.8 million mortgage holders, 7.3% of all home loans, have already entered into forbearance plans as of April 30.
Frederic J. Brown/AFP via Getty Images

Why it matters when you’re 90 days late on a payment

Feb 12, 2020
It can be indication to banks that you're unlikely to pay at all.
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Credit card delinquency rates have been rising — especially for young people

May 17, 2019
Oh, and the interest on that outstanding debt? It's getting more expensive.

With mortgage delinquencies at a low, can lenders afford to loosen up a bit?

May 14, 2019
Consumer advocates say it's time to loosen restrictions imposed after the housing collapse.
A foreclosure sign.
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As loans come due, farmers feel the financial squeeze

Mar 25, 2019
Some farmers are “quietly exiting” because they can’t make a profit.
Farmer Tom Giessel stands in front of a corn pile near Larned, Kansas. The corn was grown in 2017 and because of a market glut, it still hasn’t sold.
Peggy Lowe/KCUR

Household debt is at an all-time high as holiday spending season arrives

by
Nov 20, 2018
The total debt carried by Americans has reached yet another record high — $13.5 trillion in the last quarter, according to the Federal Reserve Bank of New York. Household debt is now $837 billion higher than its previous peak in…

Rising credit card delinquency seen as tied to climbing interest rates

May 22, 2018
U.S. household debt hit a record $13.2 trillion in the first quarter of 2018, but Americans seem to be handling it okay. Consumer debt levels are stabilizing, according to The New York Fed’s quarterly household debt report. But rising interest…

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More credit cards going to buyers with imperfect credit

Aug 11, 2016
Companies are issuing cards more freely, so why are delinquency rates down?
More people with poor credit are getting credit cards, according to a new report.
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