Americans Kept Borrowing in First Quarter as New Mortgages Eased

New mortgage borrowing fell to $344 billion, the least since the third quarter of 2014, even as borrowing costs dropped.

By Matthew Boesler | May 16, 2019 at 08:03 AM

Americans continued to take on debt in the first quarter, though new mortgage borrowing slowed to the weakest level since late 2014, according to a Federal Reserve Bank of New York report.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
Exclusive discounts on ALM and CU Times events.
Access to other award-winning ALM websites including Law.com and GlobeSt.com.

NOT FOR REPRINT

Lending

1 Supreme Court Rejects Challenge to CFPB

2 NCUA Approves 26 Mergers in the First Quarter

3 Shared Accounts With CU Times: Modernizing Credit Union Credit Cards

4 Smaller Credit Unions Rely More on Overdraft Fees, Analysis Reveals

5 New Board Members & Officers Named at SAFE CU, RCU & Everwise CU

Consulting
Consulting Top Consultants 2024
June 27, 2024 - New York

Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.
More Information
Real Estate
GlobeSt. Women of Influence (WOI) 2024
July 22, 2024 - Lake Tahoe

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information
Consulting
Consulting Best Firms to Work For 2024
September 12, 2024 - New York

Consulting Magazine identifies the best firms to work for in the consulting profession.
More Information

Data Shows Q1 Bounce for CUs From Q4 Pit: Callahan

By Jim DuPlessis | May 16, 2024

But other data shows a continuing drop in loan originations and weak loan quality.

Data Shows Q1 Bounce for CUs From Q4 Pit: Callahan

Loan Portfolios Shrink for Third Month in a Row

By Jim DuPlessis | May 10, 2024

America's Credit Unions report also shows total car loans fell from their year-ago level, another first since at least 2014.

Loan Portfolios Shrink for Third Month in a Row

Jovia Financial Launches Commercial Lending CUSO

By Natasha Chilingerian | May 08, 2024

The CUSO serves small financial institutions nationwide, with exclusive services for those in the New York City Metro area.

Jovia Financial Launches Commercial Lending CUSO

Check Fraud Mitigation: Capabilities to Protect Your Credit Union link

White Paper

Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
Exclusive discounts on ALM and Credit Union Times events.
Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now

Instant Insights /