The New York Federal Reserve Bank’s latest quarterly report on Household Debt and Credit showed that new delinquencies on mortgages and auto loans rose slightly last quarter. The NYFRB reported: Aggregate delinquency rates decreased slightly. As of the end of June, 4.7% of outstanding debt was in some stage of delinquency, 0.1 percentage points down … Continue reading Delinquencies Rising: Concerning but Not Yet an Emergency