Americans Borrowing More Briskly for Cars, Homes Delinquencies Fall Broadly, Except in Student Lending
Americans increased their borrowing this summer, taking out more new mortgages for the first time in over a year while adding to their car, credit-card and education loans.
For the most part, consumers are taking on new loans carefully, yet late payments on one fast-growing category of debt—student loans—are worsening, new figures from the Federal Reserve Bank of New York show.
