Friday, July 8, 2016

Mortgage Delinquencies Down....Student & Auto Loans Are Now Becoming Problematic

All the great news about mortgage delinquencies being reduced. Certainly because people have more equity, have re-fi'd, did loan now the other common loans are showing signs of worsening....

Well, with low rates all over, more people were buying new cars. And, just like the mortgage industry mess almost a decade ago...some of those people probably shouldn't have bought them....

Student loan delinquency is up to over 11%. But, it's honestly not surprising. What with the cost of education, the lack of good paying jobs when they get's a challenge to pay those student loans!

So, let's keep our older vehicles & let's get those graduates employed!

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