- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Delinquencies on auto loans are at the highest level in a decade
Posted on 9/15/23 at 9:00 am to Shexter
Posted on 9/15/23 at 9:00 am to Shexter
quote:
Now do delinquencies on mortgages.
Its coming. Credit cards and auto loans always are the first to go. Mortgages will be next. Same pattern in 2007 but for different reasons and before anyone says anything I am not saying 2007-08 will happen again.
More Than 30 U.S. Metros Post Increase in YoY Delinquency Rates
quote:
CoreLogic has released its monthly Loan Performance Insights Report for June 2023 showing that an estimated 2.6% of all mortgages in the U.S. were in some stage of delinquency—defined as 30 days or more past due, including those in foreclosure—representing a 0.3 percentage point decrease compared with 2.9% in June 2022 and unchanged from May 2023.
CoreLogic examined all stages of delinquency and found that in June 2023, the U.S. delinquency and transition rates and their year-over-year changes, were as follows:
Early-Stage Delinquencies (30 to 59 days past due): 1.3%, up from 1.2% in June 2022
Adverse Delinquency (60 to 89 days past due): 0.4%, up from 0.3% in June 2022.
Serious Delinquency (90 days or more past due, including loans in foreclosure): 1%, down from 1.3% in June 2022 and a high of 4.3% in August 2020.
Foreclosure Inventory Rate (the share of mortgages in some stage of the foreclosure process): 0.3%, unchanged from June 2022.
Transition Rate (the share of mortgages that transitioned from current to 30 days past due): 0.6%, down from 0.7% in June 2022.
![](https://dsnews.com/wp-content/uploads/2023/08/02-lpi-recession-impact-JUN-2023-082823-1-768x432.webp)
MS and LA leading the way yet again
Posted on 9/15/23 at 8:39 pm to stout
Its coming. Credit cards and auto loans always are the first to go. Mortgages will be next. Same pattern in 2007 but for different reasons and before anyone says anything I am not saying 2007-08 will happen again.
Oh, it will happen again, and sooner than most people think.
When it does all come unwound, 2007-08 will look like peanuts.
Oh, it will happen again, and sooner than most people think.
When it does all come unwound, 2007-08 will look like peanuts.
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)