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Delinquency Rate

All articles tagged with #delinquency rate

real-estate2 years ago•2 min saved

MBA Reports 6.5% Delinquent Office Loan Rate in Q4

The Mortgage Bankers Association reported that office-loan delinquencies reached 6.5% in the fourth quarter of 2023, up from 5.1% in the previous quarter, impacting the commercial real estate market. While long-term interest rates have decreased, many properties and loans still face challenges such as higher rates and uncertainty about property values. The delinquency rate for office loans has risen significantly since the early days of the pandemic, posing potential challenges for refinancing in the coming year.

via MarketWatch|

#commercial-real-estate #delinquency-rate #interest-rates

finance2 years ago•2 min saved

Rising Credit Card Debt and Tightened Standards: A Warning for Consumers

Credit card data from last month reveals a decline in credit quality, with the average delinquency rate slightly below pre-pandemic levels and the average charge-off rate surpassing 2019 levels. The total credit card loans at eight lenders have increased by 12% compared to last year, but some lenders, including JPMorgan Chase, Citigroup, Bank of America, and Bread, have seen balances decrease. Analysts suggest that higher net charge-offs may be linked to student loan repayment resumptions and ongoing inflationary pressures. The rise in credit card delinquency rates is widespread, particularly among millennials and those with auto or student loans. As consumers face rising prices and reduced income, they are increasingly relying on credit cards to manage their finances.

via PYMNTS.com|

#charge-off-rate #credit-card-companies #credit-quality