The New York Fed Q3 Household Debt and Credit report: loans 30+ days delinquent
rose to 5.0% from 4.7% in Q2. Total household debt increased 1.8% QoQ to $19.1
trillion. Mortgage balances delinquent 90+ days rose to 1.13%, the highest since
Q1 2018. Home-equity line balances increased by $23 billion, the largest
quarterly gain since 2005. New auto-loan delinquencies rose; student-loan
delinquency growth slowed; credit-card delinquencies improved. The New York Fed
said overall credit quality remains sound despite higher mortgage delinquencies.