Inquiring minds are digging into the New York Fed Quarterly Report on Household Debt and Credit.

Total Debt

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Mortgage Originations

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Auto Loans by Credit Score

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Credit Score Ratings:Equifax

"Lenders generally see those with credit scores 670 and up as acceptable or low-risk borrowers. Those with credit scores from 580 to 669 are seen as “subprime borrowers,” meaning they may find it more difficult to qualify for better loan terms. Those with lower scores – under 580 – fall into the “poor” credit range and may have difficulty getting credit or qualifying for better loan terms."

At least 1/3 of the auto loan originations are subprime.

Loan Delinquency Status

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Percent of Balance 90+ Days Late

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Debt Slaves

The number of debt slaves rises every month.

Party on dudes. Your house, your education, and your stocks will bail you out. Right?

Mike "Mish" Shedlock

Household Debt Climbs to Record High, Delinquencies Rise

The quarterly report on household debt shows another record high. Delinquencies are up strongly as well.

Auto Loans, Student Debt Lead Household Re-Leveraging

Mortgage debt remained essentially flat in 2015 but the brief period of household debt deleveraging ended in 2013.

Student Loan Debt Climbs to Record High $1.4 Trillion in 2019

Want to know what's holding back housing and family formation? Look no further than student loans.

Household Debt Up 18 Consecutive Quarters to a New Record, Card Stress Rising

Household debt is up 18 consecutive quarters to a new record high. Credit card stress is on the rise in most age groups.

Negative Yield Debt Hits Record $15 Trillion, Up $1 Trillion in 2 Business Days

Negative yield debt madness accelerates. A new record high breached $15 trillion on Monday.

Deleveraging? Not Quite: Household Debt Quarterly Report

The Fed's household debt quarterly report shows no aggregate deleveraging although mortgage debt is below the 2008 peak.

Household Debt Reaches New Peak: A Very Deflationary Setup

Aggregate household debt balances rose by $116 billion in the third quarter of 2017. As of September 30, 2017, total household indebtedness was $12.96 trillion. This increase put overall household debt $280 billion above its 2008 Q3 peak, and 16.2 percent above the 2013 Q2 trough.

Ticking Time Bomb of Record High Corporate Debt

The Fed released its "Z1" report today on Household Net Worth and Domestic Nonfinancial Debt. Let's dive into debt.

Household Debt Still Below 2008 Peak

Household Debt Summary. Household debt for the first quarter of 2016 is up $136 billion. Mortgage debt, up $120 billion, accounts for most of the gain. Student loan debt, up $29 billion, accounts for most the rest. Total household debt still below 2008 peak