Monday, January 30, 2012

Loan Delinquencies Show Moderation (except for real estate loans) via Real Estate Center at Texas A&M University

by Dr. Mark Dotzour Chief Economist and Director of Research

Federal Reserve data indicate that the credit health of Americans is improving in several categories. The delinquency rate on consumer loans is falling nicely. Business loan delinquency is declining in a similar fashion.

However, high delinquency rates still burden real estate loans.

First, the good news. Consumer loan delinquency dropped 37 percent in the past year from a peak of $59.8 billion on Jan. 1, 2010, to $37.6 billion in July 2011 (the most recent numbers posted). Another $10 to $15 billion of troubled consumer loans have to be resolved to get back to previous norms, but the trajectory of recovery is fast.

Read more...Loan Delinquencies Show Moderation (except for real estate loans)- The Blog of the Real Estate Center | Real Estate Center at Texas A&M University

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.