Student loan balances before 2004 are estimated using average growth from 2004 to 2007, by risk score

Student loan balances before 2004 are estimated using average growth from 2004 to 2007, by risk score

Note: Subprime are those with an Equifax Risk Score below 620; near prime are from 620 to 719; prime are greater than 719. Scores are measured contemporaneously. The data are converted to constant 2020 dollars using the consumer price index.

Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax; Bureau of Labor Statistics, consumer price index via Haver Analytics.

The share of mortgages either delinquent or in loss mitigation remains well above normal

Mortgage debt accounts for roughly two-thirds of total household credit, with mortgage extensions skewed toward prime borrowers in bad credit personal loans in GA recent years (figure 2-10). Widespread loss-mitigation measures have helped reduce the effect of the pandemic on mortgage delinquencies (figure 2-11). 9 The share of mortgages that are either delinquent or in loss mitigation was 5.8 percent in , down from its recent peak of 8.9 percent in . 10 Since the s have been extended through at least the summer of this year, providing additional support to households.

2-10. Estimates of New Mortgage Volumes to Households

Note: Year?over?year change in balances for the second quarter of each year among those households whose balance increased over this window. Subprime are those with an Equifax Risk Score below 620; near prime are from 620 to 719; prime are greater than 719. Scores were measured one year ago. The data are converted to constant 2020 dollars using the consumer price index. Key identifies bars in order from left to right.

Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax; Bureau of Labor Statistics, consumer price index via Haver Analytics. Read More