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.

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Lending

1 Coastal & Truliant Credit Unions Join Auto Forces

2 Minimum Wage Workers Find It Harder to Meet Rent

3 Credit Unions in Illinois, Washington, Indiana & Minnesota Appoint New CEOS

4 CLF & FOM Expansion Bills Introduced

5 Driving Loyalty Forward: Car Rentals in the New Era of Credit Union Rewards

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Complex Claims & Litigation Forum 2025
February 24, 2025 - Las Vegas

This conference aims to help insurers and litigators better manage complex claims and litigation.
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GlobeSt. Multifamily Spring 2025
April 01, 2025 - New York

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
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GlobeSt. Net Lease Spring 2025
April 01, 2025 - New York

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.
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The Lost Retirement Generation? Gen X Missed Out on Auto Features in the Early Years of 401(k)s

By Lynn Cavanaugh | December 18, 2024

As oldest Gen Xers approach age 60, many are unprepared for retirement and concerned about outliving their assets, according to a Schroders survey.

The Lost Retirement Generation? Gen X Missed Out on Auto Features in the Early Years of 401(k)s

Experian: Credit Unions Lose Auto Share in Past Year

By Jim DuPlessis | December 06, 2024

Its third-quarter report shows credit unions losing 2 percentage points of their share of auto financing originations.

Experian: Credit Unions Lose Auto Share in Past Year

Subordinated Debt Growth Continues to Slow

By Jim DuPlessis | December 04, 2024

An NCUA rule change spurred a 579-fold increase in 2022, but growth has been moderate since then.

Subordinated Debt Growth Continues to Slow

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