SHARE THIS ARTICLE

After the percentage of seriously delinquent auto loans reached its highest level since March 2012, the New York Fed is keeping a close eye on a recent uptick in auto loan originations to borrowers with subprime credit and an increase in delinquencies among younger buyers.

The central bank on Tuesday released its Household Debt and Credit Report for the fourth quarter of 2018. The subprime origination boost and delinquency rise are a couple of potential problem areas in the largely positive report that said auto loans were in "high gear" on average.

Overall, the 90-day delinquency rate represented 4.47 percent of the outstanding balance in the fourth quarter of 2018, up from 4.05 percent a year ago and the highest since 4.55 percent in the first quarter of 2012, the New York Fed said.



Read Article


Over 7 Million Americans Are Over 90 Days Late On Their Car Loans

About the Author

Agent009

User Comments

PUGPROUD
zlives
80Ho
CANADIANCOMMENTS
cidflekken
MDarringer
Lovesponge76
skytop
MDarringer

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]