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Consumer Analysis: Balance Sheets Nov 20, 2009Risks to Mortgage Credit Quality Remain High However, signs of coming improvement are growing. Nov 18, 2009 Fed Data Confirm Coming Credit Quality Improvement Losses mount, but not for much longer. Nov 17, 2009 Housing Inventories Remain High House price declines will soon return as inventories and excess supply climb. Oct 07, 2009 HMDA Data Reflect Changes in Housing Finance The mortgage market contracted in 2008 as a result of the housing and credit market crisis. Oct 01, 2009 Mixed Signs From Consumer Credit Quality Consumer credit quality deteriorated further, with some signs of stabilization. Sep 24, 2009 Consumers Remain Heavily Burdened Temporary surge in income reduced second-quarter burdens. Aug 21, 2009 Credit Quality Might Be Approaching a Turning Point MBA data confirm reasons for optimism. Aug 18, 2009 Fed Confirms That Credit Quality Weakened Further Consumer loan delinquency and default rates rise. Aug 18, 2009 Credit Crunch Still Squeezing Consumers The latest senior loan officer survey highlights banks' tightening lending standards. Aug 10, 2009 Declines in Consumer Credit Accelerate Consumer credit outstanding is at its lowest since 2007 as recession reduces consumer borrowing. Jul 25, 2009 Credit Conditions: A Light at the End of the Tunnel Emerges Early delinquencies fall despite reduced balances. Jul 14, 2009 Foreclosures Weigh on Consumers Rising home foreclosures are weighing on the housing market, to the detriment of a consumer recovery. Jul 08, 2009 Consumer Credit Declined More Slowly in May Demand for credit remains weak even as spending gradually recovers. Jun 30, 2009 Financial Obligations Ratio Post Another Decline A combination of slower borrowing growth and strong income gains. Jun 11, 2009 Wealth Declines Continued in the First Quarter But they may have ended in the current quarter. Jun 02, 2009 Credit Card Legislation Ups Costs and Lowers Access Borrowers receive greater disclosure at the same time. May 29, 2009 MBA Data Verify Weakening Credit Conditions Mortgage credit conditions weakened substantially. May 28, 2009 Education Needs Will Contribute to Long-Run Saving Education plays a not so insignificant role in saving trends. May 05, 2009 Credit Crunch Still in Place Banks are tightening standards, but at a slower rate than late 2008. Apr 28, 2009 Hope Springs for Housing Recent indicators of housing give hope that the correction is bottoming. Apr 20, 2009 Credit Conditions Worsen and Balance Growth Ends As balance growth ends, faint signs of hope amid soaring defaults. Apr 17, 2009 Modification Efforts Have Had Mixed Success Though trends point to potentially more success down the line. Apr 09, 2009 Refi Surge Supplementing Household Cash Flow More favorable mortgage interest rates are a powerful incentive. Apr 02, 2009 Credit Quality Problems Intensified ABA data point to weak credit quality at the end of 2008. Mar 27, 2009 The Very Wealthy, the Less Wealthy, and the Indebted The richest 1% of households became more wealthy before the credit crisis. Mar 26, 2009 Housing ATM Is Out of Business Net home equity withdrawal is negative for third straight quarter. Mar 16, 2009 How Consumers Use Debt The 2007 SCF showed increased usage of education- and real estate-related loans. Mar 06, 2009 Mortgage Credit Conditions Tumble Further Mortgage credit conditions weakened further as more loans became delinquent. Mar 03, 2009 Shifting Trends in Saving Heading Into Recession SCF shows fewer homeowners report saving. Feb 27, 2009 More Homeowners in Financial Trouble During Housing Boom But overall debt burdens rose modestly. Feb 25, 2009 Fed Data Confirm Credit Quality at Record Lows Confirming evidence that consumer credit conditions deteriorated severely in 2008. Feb 23, 2009 House Prices Lifted Middle Class Wealth Data from the 2007 SCF show increases in wealth and debt, especially for the middle class between 2004 and 2007. Feb 13, 2009 Highlights of the 2007 Survey of Consumer Finances More wealth was more equally distributed in 2007. Feb 04, 2009 Housing in Crisis: An End in Sight With the help of policymakers, the unprecedented housing downturn will bottom at the end of this year. Jan 09, 2009 Consumers' Appetite for Credit Diminishes More evidence that consumers are packing it in. Jan 07, 2009 Consumer Credit Quality in Trouble Credit conditions weakened in most of the credit lines covered by the ABA. Nov 25, 2008 Fed Announces Plan to Support Consumer and Mortgage Debt Fed pledges $800 billion to unclog credit markets. Nov 19, 2008 Households Get Creative in Search for Cash Lack of cash forces households to eat into retirement assets. Nov 12, 2008 Some Help for Distressed Homeowners Coming This will not be enough to stem the flow of foreclosures. Nov 10, 2008 Consumer Credit Recovers in September Demand for nonrevolving credit increases temporarily. Oct 29, 2008 Real Estate Wealth Drag Is Severe Will drag on spending beyond the bottom in house prices. Oct 16, 2008 Financial Panic Hits Retirement Accounts Reduced retirement balance will influence consumer behavior. Oct 08, 2008 Consumers Stopped Borrowing in August Consumer credit usage falls for the first time in 10 years. Oct 08, 2008 Does MEW Still Matter? Yes, but as a drag on sales as it declines for the first time since 1992. Oct 03, 2008 Credit Conditions Erode Further Relief from rebate checks was limited according to ABA data. Oct 01, 2008 Insights Into the Relationship of Wealth and Savings III Saving rate has been improving in several age cohorts for more than two years now. Sep 24, 2008 Insights Into the Relationship of Wealth and Savings II Easy access to credit and rapid asset appreciation had a negative impact on the saving rate. Sep 23, 2008 Financial Obligations Ratio Declines Tax rebates' boost to disposable income the major factor. Sep 19, 2008 Insights Into the Relationship of Wealth and Savings I Households' motivations for saving have changed significantly in last two decades. Sep 11, 2008 Home Mortgage Originations Tumbled in 2007 HMDA data show fallout from the bursting housing bubble. Sep 08, 2008 U.S. Takes Control of Fannie and Freddie Government actions will narrow mortgage spreads. Sep 08, 2008 MBA Data Point to Mounting Foreclosures Rebate checks had a measurable but temporary effect on mortgage credit quality. Jul 14, 2008 More Responsible Mortgage Lending Fed finalizes plan to protect consumers from predatory lending. Jul 14, 2008 Troubles at Fannie and Freddie Will Extend Housing Correction Mammoth financial institutions vital to the nation’s housing market. Jul 09, 2008 Stimulus Checks Did Not Ease Credit Usage in May Revolving credit balances increase at a steady rate. Jun 25, 2008 House Prices, Wealth and Spending Pin-pointing capital losses on housing assets depends on the price measure. Jun 18, 2008 Mortgage Equity Withdrawal Tumbles The full impact of falling MEW is waiting in the wings. May 08, 2008 Demand for Consumer Credit Increases Consumers utilize both revolving and non-revolving credit. May 05, 2008 Banks Put the Squeeze on Lending Reduction in the availability of credit poses a challenge to spending. May 05, 2008 Cash-Out Refinancing Slams on the Brakes Share taking larger loan amount hits multiyear low. Apr 03, 2008 ABA Delinquency Rates Verify Weakening Credit Quality As stress on households intensifies. Mar 12, 2008 Financial Obligations Remain High Even though growth in debt payments is at a nearly 14-year low. Feb 14, 2008 Home Cash-Outs: The ATM Is Closed The relationship between refi activity and cash-out volumes weakens. Feb 12, 2008 Mortgage Help Intensifies Policymakers step up efforts to help bail out mortgage borrowers. Dec 26, 2007 Consumers in 2008: Not a Pretty Picture Lower credit quality, spending and wealth growth. Nov 28, 2007 More Evidence of Eroding Mortgage Credit Quality Fed data confirm household finances are stretched. Nov 07, 2007 Consumer Credit Growth Hits a Speed Bump Weak demand for autos weighs on nonrevolving credit. Nov 05, 2007 Banks Tighten the Vise on Lending It's no longer a subprime story; prime borrowers pinched as well. Oct 05, 2007 No Slowing Down Demand for Consumer Credit Rebound in vehicle sales bolsters demand for nonrevolving. Sep 26, 2007 Credit Problems Remain Isolated to Mortgages Slower hiring will lead to a deterioration in other segments. Sep 17, 2007 Equity Markets Supported Wealth in the Second Quarter Continued borrowing undercut housing wealth. Sep 10, 2007 Consumers Turn to Credit Cards in July Installment credit continues to advance, led by revolving credit. Aug 30, 2007 Snapshot of Regional House-Price Trends Industrial Midwest, previously hot housing markets among weakest. Aug 28, 2007 Fed Data Suggest Mortgage Woes Are Contained Tight labor markets keep credit card delinquencies in check. Aug 24, 2007 401(k) Plans Record Solid Growth in 2006 Average account increases for fourth consecutive year. Aug 08, 2007 Installment Credit Rises Modestly Weak auto sales will crimp demand for nonrevolving credit. May 31, 2007 Mutual Funds Garner Growing Share of Household Wealth Comprehensive ICI report focuses 2006 investment industry trends. May 31, 2007 No Spring in Spring for Housing Housing activity remains muted at the height of the selling season. May 21, 2007 Mortgage Credit Quality in Trouble Payment resets will ensure things will get worse before they improve. May 14, 2007 Subprime Woes Force Banks to Tighten Lending Standards May extend downturn in housing market. May 08, 2007 Installment Credit Growth Bounces Back in March Rising gas prices and strong retail sales lift revolving credit. May 01, 2007 More Evidence That Housing Has Yet to Hit Bottom Rising homeowner vacancy rate bodes ill for wealth accumulation. Apr 09, 2007 Installment Credit Growth Slows Demand will accelerate, particularly for revolving credit. Feb 27, 2007 Fed Data Confirm Erosion in Mortgage Credit Quality Credit quality will be tested this year. Feb 05, 2007 Mortgage and Consumer Loan Demand Weakening Look for loan demand to slow further this year. Jan 08, 2007 Installment Credit Growth Accelerated in November Revolving credit usage continues to accelerate. Dec 08, 2006 Foggy Bottom for Housing The worst of the deterioration in housing looks over, but negative implications for consumer activity still loom. Dec 08, 2006 Installment Credit Retreats In October Led entirely by a reduction in nonrevolving credit. Dec 07, 2006 Wealth Grows, Borrowing Shifts Stock equity drives wealth gain; mortgage borrowing slows. Dec 06, 2006 Personal Bankruptcies Remain Quite Low But don't be fooled, consumer finances are being squeezed. Sep 20, 2006 Wealth Levels Off Slower growth in housing wealth nearly offset by declines in stock equity. Sep 11, 2006 Installment Credit Inches Higher Revisions illuminate consumers willingness to take on additional debt. Sep 05, 2006 House-Price Growth Quickly Heading South Low affordability and rising inventories are the main catalysts. Jun 16, 2006 Mortgage Equity Withdrawal Remains Healthy But its support to consumption will begin to wane. Apr 14, 2006 Consumer Credit Data The strengths and weaknesses of the G.19 statistical release are exposed. Mar 03, 2006 Housing to Drive Wealth Increases a Little Longer Look for another solid increase in household net worth in the fourth quarter. Jan 31, 2006 Housing Heading Down The housing market will weaken this year, removing a support to consumer spending. Jan 25, 2006 Outlook: Balance Sheets Growing wealth with aggressive borrowing and no saving will not last. Dec 19, 2005 Mortgage Delinquencies May Reverse Course Mortgage credit quality is near its cyclical peak. Oct 21, 2005 Implication of Possible New Housing Market Regulation Attempt to soften the housing market will slow asset appreciation and cash flow. Oct 03, 2005 Debt Service Ratio Hits Another Record Mortgage borrowing drives up financial obligations. Sep 27, 2005 Chairman Greenspan on Effects of Rising Rates Rising interest rates will increase personal saving. Sep 19, 2005 Mortgage Credit Quality Sound Through First Half Delinquency rates fell among the majority of loan categories in the second quarter although not in aggregate. Sep 12, 2005 Credit Quality Continues to Improve Credity quality remains strong as a result of healthy job and wage growth. Aug 17, 2005 Fed Survey Shows Strong Consumer Credit Demand Consumer credit demand growth will slow as mortgage rates move higher. Jul 20, 2005 Outlook: Balance Sheets Household wealth at a record high, but balance sheets remain at risk. Jul 11, 2005 Installment Credit Outstanding Falls Weak May auto sales and other sources of borrowing undermine growth. Jun 30, 2005 Investors are Fueling Housing Markets Not only do they add to sales, they are contributing to soaring prices. Jun 28, 2005 Consumer Loan Delinquencies Paint Optimistic Picture Delinquency rates fell across most loan types in the first quarter. Jun 10, 2005 The Decline in Bankruptcy Filings Is Over, For Now Filing declined year-over-year in the first quarter. Jun 08, 2005 Consumer Credit Growth Unexpectedly Weak in April Consumers continue to tap home equity before installment credit. Jun 03, 2005 April Mutual Fund Flows Investors found bond funds more attractive and equity funds less attractive in April. Jun 02, 2005 Continued Strong House Price Appreciation Will Lift Wealth House price growth accelerated in the first quarter. May 18, 2005 Use of Nontraditional Mortgages Rises Homeowners are turning to nontraditional mortgages in order to afford a home, which poses risks for credit quality. May 10, 2005 401(k) Participation Inches Up Participation increases even while household saving falls. May 10, 2005 Fed Survey Indicates Fading Consumer Loan Demand On the consumer side, banks are focusing on the mortgage market while long-term rates remain low. May 09, 2005 Consumer Credit Growth Held Steady in March Consumers continue to tap home equity before installment credit. May 03, 2005 March Mutual Fund Flows Investors pulled money out of bonds and money market funds while reducing inflows to stocks. Apr 19, 2005 Fed's Bies Speaks on Household Debt Fed Governor Susan Bies downplays household debt concerns. Mar 11, 2005 Financial Obligations Benefit from Microsoft Dividend Excluding the Microsoft dividend, financial obligations rise again. Mar 08, 2005 Consumer Credit Growth Accelerates Credit usage accelerated in January, but will remain moderate. Mar 03, 2005 January U.S. Mutual Fund Flows Stronger job gains will boost household investment wherewithal. Mar 02, 2005 Bankruptcy Filings Declined in 2004 The rate of decline accelerated in the fourth quarter. Mar 01, 2005 Governor Olson on Consumer Credit Credit availability will remain high into the near term. Feb 16, 2005 Chairman Greenspan on Consumers “Household spending may well play a smaller role in the expansion going forward.” Feb 08, 2005 Consumer Loan Demand Remains Weak Credit usage grows slowly as banks report weaker demand for household loans Jan 26, 2005 Outlook: Balance Sheets Household finances are generally healthy with variation by income group expected to moderate. Jan 21, 2005
Appetite For Risk Lifts Markets Spreads and other risk indicators yield optimism for 2005. |
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