Not exact matches
Car buyers are choosing longer
loan terms in order to
keep their monthly payments low, which is a strong indication that many are buying more car than they c an afford (hence, increasing
delinquency rates).
Of course, it is important to
keep in mind that higher mortgage rates will be affected by home
loan delinquencies, but not every state will fill the impact the same.
«While the focus in recent years has been on the mortgage market, lenders will need to
keep an eye on student
loan portfolios — and on customers who have student
loan debt — as the high
delinquency rates among these borrowers can spell trouble across multiple products.»
For example, multifamily has a low
delinquency rate overall, but Fitch is
keeping a close eye on student housing
loans where there has been a surge in development activity and more competition added to the market in the past few years.