Handling Record High Delinquencies in the “Race Against Time”​

Based on data reported in February 2017 by The Center for Microeconomic Data, Federal Reserve Bank of New York (FRBNY) … Auto loan outstandings continued its record upward trajectory in the fourth quarter of 2016, increasing $22 billion. It was the largest third to fourth quarter increase in terms of dollars for as far back as the FRBNY is reporting such data (since 2003). Also, auto loan balances that transitioned from current to 30+ days-past-due (DPD) and from current, 30, or 60 DPD to 90+ DPD reached all-time record-high levels, exceeding the dollars delinquent during the Great Recession. See the […]

Read more »