Texas, Oklahoma, Wyoming: Oil Woes Start to Hit Hard

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Jan 9, 2016
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Car loans and credit cards have been affected the most, and there are some early signs of delinquency-rate increases in borrowers who can’t make mortgage payments. Moody’s Investors Service said the share of borrowers in oil-focused areas falling 30 days behind on a pool of Freddie Mac mortgages, while low at 0.38% in December, began to exceed the average elsewhere in the country last summer. The average for other areas was 0.29% in December.

Texas, Oklahoma, Wyoming: Oil Woes Start to Hit Hard
 
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