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Remarks at the Fifth Data Management Strategies and Technologies Workshop
Remarks at the Fifth Data Management Strategies and Technologies Workshop, Federal Reserve Bank of New York, New York City
Mind the Gap in Delinquency Rates
Total household debt balances increased by $192 billion in the second quarter of 2019, boosted primarily by a $162 billion gain in mortgage installment balances, according to the latest Quarterly Report on Household Debt and Credit from the New York Fed?s Center for Microeconomic Data (the mortgage installment balances exclude home equity lines of credit, which are reported separately and have been declining in balance for some time). The new mortgage total of $9.4trillion is slightly higher than the previous high in mortgage balances from the third quarter of 2008 in nominal terms.
Remarks at the New York Fed’s Economic Press Briefing on the Household Debt and Credit Report
Remarks at the New York Fed?s Economic Press Briefing, Federal Reserve Bank of New York, New York City.