Sentences with phrase «loan default rate rose»

Although the default rates have dropped from historic highs, the federal student loan default rate rose sharply during the «Great Recession» and generated headlines all across the nation.

Not exact matches

And the default rate of junk - rated «leveraged loans» - loans that are traded like securities or that are packaged into Collateralized Loan Obligations - rose to 2.6 % in Q1, up from 2.4 % in Q4.

The default rate is low for grade A loans, and rise as risks increase.

Subprime auto - loan delinquencies are rising and Experian recently reported that the national bank credit - card default rate set a 46 - month high in April at 3.35 %, which was up from 3.09 % a year earlier.

Universities are being forced to litigate against their student loan borrowers as borrower default rates continue to rise.

While tuition and, consequently, student debt rise every year, another statistic is on the rise: the federal student loan default rate.

The student loan default rate has risen for the first time in four years, according to the U.S. Department of Education.

But the less - mentioned student loan debt problem is the rising default rate.

The rising delinquency (11 % currently) and lifetime default rates are all the more disturbing given that federal student loan rules, in theory, permit all borrowers to repay based on a percentage of their income.

At the same time, the rate of default on reverse mortgages rose to approximately 9.4 percent of loans in 2012, up from 2 percent a decade earlier, according to the Consumer Financial Protection Bureau.

One of the major finds of the study was the increase in repayment rates among graduates; however, defaulted loans were also found to be on the rise from previous years.

The insurance fund tripled in size last year and has taken on more risk as private industry sources for lenders to finance and insure home loans dried up and mortgage default rates rose to record highs.

Student loan debt has risen even faster, and default rates have increased in tandem.

However, if rates run too high due to inflation, firms borrowing with floating - rate loans risk default as debt servicing costs rise precipitously.

According to the Department of Education, the default rates continue to rise for federal student loans.

The default rate on federal student loans has risen by about 5 percent in the past year and 500,000 more borrowers have slipped into default, according to new statistics from the Department of Education (DOE).

The overall default rate on on taxpayer - funded student loans rose from 12.8 percent to 13.5 percent over the past year, the new data show.

The effective default rate, which can be calculated by removing loans to students who are still in school or otherwise not expected to be making payments at this time, rose from 21.2 percent to 21.9 percent.

After few years now my student loans have risen over $ 75,000 due to interest rates and my ability to not default on loans that could cause further financial hardship.

A variety of developments, such as the following, may cause an early - amortization event: insufficient payments by the underlying borrowers; insufficient excess spread; a rise in the default rate on the underlying loans above a specified level; a drop in available credit enhancements below a specified level; and bankruptcy on the part of the sponsor or the servicer.

Read More Here: Student Loan Repayment & Default Rates on the Rise]

South Africa is grappling with rising defaults on a mounting pile of unsecured personal loans, high - interest - rate debt not backed by collateral like a house or car.

According to The Department of Education the overall default rate for federally guaranteed student loans had risen to 8.8 percent, up from 7 percent the previous year.

Reuters reports that according to Access Group, a bigwig in the law school loan debt industry, «law - school loan debts started rising in 2008 and peaked toward the end of 2010, when students were defaulting at twice the expected rate.»

Meanwhile, default rates on all loans in the retail sector will rise to approximately 5 percent over the next several years, still a low number compared to the record highs experienced in the aftermath of the savings and loan crisis of the 1980s, says Chandan.

And soon the mainstream media is hooked on dire economic news, with reports of loan default rates inching up and crime rates rising in major cities around the country.

A rise in broadcast and media (B&M) leveraged loan defaults should not have a negative effect on the U.S. CLOs we rate as they have low levels of exposure to only a few of the issuers with the highest risks of default, Fitch Ratings says.

The prevailing assumption was that rising house prices would convert the otherwise weak subprime loans into good loans — which they did, until the bubble burst and the default rate ballooned.