1. CRE: Latest data reveals weak loan growth and higher loan delinquencies.
Auto loan: Prime and subprime auto loan delinquencies are spiking.
Student loan: Biden administration's order of one-year moratorium- student loan not reported to credit reports ends next month.
— Unicus (@UnicusResearch) September 9, 2024
3. Problems remain concentrated in offices where vacancy rates have soared and property values have plummeted. A number of banks with large office portfolios reported lifting loss reserves incrementally from already high levels. pic.twitter.com/XHYYpizoUJ
— Unicus (@UnicusResearch) September 9, 2024
5. Nonowner-occupied, nonresidential property loans, the largest CRE category, have led the way down, with year-over-year growth of 1.2% in the second quarter. Construction and development loans grew 2.0%, well off the pace of the recent peak of 16.4% in the fourth quarter of… pic.twitter.com/EMquR3nxho
— Unicus (@UnicusResearch) September 9, 2024
7. Student loan: In a report released last month, the Government Accountability Office estimated that about 10 million borrowers – more than one-quarter of the total – were behind on payments as of the end of January. pic.twitter.com/8OVC50XBPh
— Unicus (@UnicusResearch) September 9, 2024
9. Lower credit scores make it harder for consumers to buy homes or cars, start a business, or get loans to cushion against economic shocks. pic.twitter.com/L1E0wU6GKi
— Unicus (@UnicusResearch) September 9, 2024