Fed: Household Debt Increases

first_imgHome / Daily Dose / Fed: Household Debt Increases The Week Ahead: Nearing the Forbearance Exit 2 days ago Fed: Household Debt Increases in Daily Dose, Featured, Market Studies, News Tagged with: Household Debt Mortgage Debt New York Fed Student Loans Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Comment Period for Amendments to CFPB’s TILA/RESPA Rules Open Until March 16 Next: DS News Webcast: Wednesday 2/18/2015 Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Demand Propels Home Prices Upward 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago February 17, 2015 1,281 Views Sign up for DS News Daily Americans stepped up their borrowing in the fourth quarter, with mortgage activity leading other categories.The Federal Reserve Bank of New York said Tuesday that outstanding household debt increased $117 billion from the third quarter of last year to the fourth, putting total indebtedness at about $11.8 trillion as of the end of 2014.Balances went up across most categories, led by a $39 billion increase in mortgage debt to a total of $8.2 trillion. Student loan debt—a commonly cited obstacle for recent college graduates interested in owning a home—followed closely, increasing $31 billion to a total of $1.2 trillion.As student debt rose, delinquencies worsened, with about 11.3 percent at least 90 days past due compared to 11.1 percent at the end of Q3.”Although we’ve seen an overall improvement in delinquency rates since the Great Recession, the increasing trend in student loan balances and delinquencies is concerning,” said Donghoon Lee, research officer at the New York Fed. “Student loan delinquencies and repayment problems appear to be reducing borrowers’ ability to form their own households.”Mortgage originations, measured as appearances of new mortgage balances and refinance mortgages, increased to $355 billion, still low by historical standards, the New York Fed said.Among other findings: both auto loan and credit card debt also increased, rising $21 billion and $20 billion, respectively. Outstanding debt for home equity lines of credit fell, meanwhile, dropping $2 billion to a total of $510 billion.Meanwhile, the number of credit inquiries within six months—tracked as a gauge of demand for consumer credit—increased by 4 million quarter-over-quarter, reaching 175 million. Related Articles Share Save Subscribe Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Tory Barringer Household Debt Mortgage Debt New York Fed Student Loans 2015-02-17 Tory Barringer Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Kike Hernandez, Brett Anderson lead Dodgers to 4-3 win over Diamondbacks

first_img Newsroom GuidelinesNews TipsContact UsReport an Error PHOENIX >> Kike Hernandez had three hits, including a triple and a double, and Brett Anderson pitched seven strong innings for his third straight victory as the Dodgers defeated the Arizona Diamondbacks 4-3 on Wednesday night. The NL West-leading Dodgers beat the Diamondbacks for the ninth time in the past 10 meetings and recorded their first winning road trip of the season with a 6-4 mark in the 10-game swing to Chicago, Miami and Arizona. Anderson (5-4) stranded six runners and allowed one run and seven hits, striking out seven and walking two. The Diamondbacks’ run came on Aaron Hill’s home run in the sixth. Hernandez ripped a leadoff triple to start the game and scored on Howie Kendrick’s sacrifice fly. Walk to rememberPaul Goldschmidt’s hitting streak ended at 11 games after he went 0 for 3 with a walk. But the walk was his 62nd of the season, which gave the Diamondbacks star the most in club history before the All-Star break.Stealing droughtThe Dodgers haven’t stolen a base since June 7, and their 23-game streak without a steal is the longest in modern franchise history (since 1900), according to Elias Sports Bureau. When Jimmy Rollins was thrown out trying to steal second in the eighth inning, it marked the sixth time the Dodgers have been caught stealing during the 23-game run.Trainer’s roomDodgers: RHP Brandon Beachy was to make his fourth rehab start with Triple-A Oklahoma City on Wednesday. He is coming back from right elbow surgery. . RHP Brandon League pitched a scoreless inning in relief Tuesday night for OKC in a rehab outing as he returns from a right shoulder injury. . OF Carl Crawford was the DH for Class A Rancho Cucamonga on Tuesday and was expected to play in the field this week. He’s on the mend from a right oblique strain.Diamondbacks: LHP Patrick Corbin had been slated to work in the minors this week as his long comeback from major elbow surgery nears its end, but manager Chip Hale said Corbin could start for Arizona on Saturday against Colorado.center_img The Dodgers’ defense got them out of a jam in the bottom of the inning, as Anderson picked off Nick Ahmed trying to steal and catcher A.J. Ellis hustled up the first base line to catch a throw from first baseman Scott Van Slyke and tag out A.J. Pollock, who had stopped briefly after rounding first base on a single. The Dodgers scored three runs in the third to take a 4-0 lead on doubles by Ellis and Hernandez, followed by Kendrick’s run-scoring single and an RBI double for Justin Turner. Kendrick has a seven-game hitting streak and is hitting .500 with eight RBIs in that span. He is 24 for 65 (.369) with runners in scoring position this season.Pollock had three hits and scored on Hill’s sacrifice fly in the eighth off reliever Yimi Garcia. The Diamondbacks got closer on David Peralta’s solo home run off closer Kenley Jansen in the ninth, but Jansen recovered and earned his 13th save. Robbie Ray (2-4) took the loss after allowing four runs and seven hits with six strikeouts and two walks in six innings. last_img read more