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Author Archives: Seth Welborn

Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer.

A First Look At February Delinquency Data

The total national loan delinquency rate (loans 30 or more days past due, but not in foreclosure) fell to 4.31 percent, a 0.98 percent decline, in February. This is a year-over-year drop from last year of 5.51 percent. Foreclosure sales dropped month-over-month to 1.87 percent, a decline of 16.23 percent, but increased year-over-year by 0.22 percent.

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A Possible Future Inflation Bubble

We may be heading toward an inflation bubble, Bloomberg reports. Nominal yields on five-year Treasuries are negative when adjusted for the price outlook, and on the Federal Reserve’s gauge to measure long term inflation expectations, the rate projected for 2022 ...

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Examining the Constitutionality of the CFPB

On Tuesday, the Subcommittee on Oversight and Investigations of the Committee on Financial Regulations held a hearing on the constitutionality of the Consumer Financial Protection Bureau. The hearing was aptly titled “The CFPB’s Unconstitutional Design.” Subcommittee Chairwoman Ann Wagner’s opening ...

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Rate Hike Affect on Bank Cards and Mortgages

Bank card default rates went up by one basis point to 3.22 percent between February and January, according to S&P/Experian Consumer Credit Default Indices. February’s 3.22 percent default rate is a 44-month high, the highest rate since July 2013. Interest ...

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