New Photo - Magnitude 2.7 earthquake recorded in NYC, northern NJ area

Magnitude 2.7 earthquake recorded in NYC, northern NJ area Melina Khan, USA TODAY August 6, 2025 at 1:43 AM A magnitude 2.7 earthquake rattled parts of New York and New Jersey around midday on Aug. 5, according to data from the U.S. Geological Survey.

- - Magnitude 2.7 earthquake recorded in NYC, northern NJ area

Melina Khan, USA TODAY August 6, 2025 at 1:43 AM

A magnitude 2.7 earthquake rattled parts of New York and New Jersey around midday on Aug. 5, according to data from the U.S. Geological Survey.

The tremor struck just over a mile southwest of Hillsdale, New Jersey, at about 12:11 p.m. ET, and had a depth of about seven miles, according to USGS. Hillsdale is about 20 miles northwest of Manhattan.

Weak shaking was felt throughout parts of northern New Jersey, including Newark, Paterson and Englewood, according to impact reports compiled by USGS.

The quake was felt as far west as Queens and northwards up to Duchess County, according to the USGS reports, which are not scientifically verified. Some areas reported slightly stronger shaking.

The Bergen County Office of Emergency Management said in a social media post that it is monitoring USGS reports but there have been no immediate reports of damage.

NYC Emergency Management confirmed in a post on X that tremors were felt in the city. No major impacts have been reported, but the agency said it is monitoring the situation.

People in the area should prepare for possible aftershocks, which could follow minutes, hours or even days after the initial quake, the agency said.

Tuesday's earthquake comes days after another magnitude 3.0 temblor hit New Jersey on Aug. 2 and was felt as far as New York.

This is a developing story.

This article originally appeared on USA TODAY: Earthquake in New York City, northern NJ area measures magnitude 2.7

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Magnitude 2.7 earthquake recorded in NYC, northern NJ area

Magnitude 2.7 earthquake recorded in NYC, northern NJ area Melina Khan, USA TODAY August 6, 2025 at 1:43 AM A magnitud...
New Photo - Teddi Mellencamp Breaks Silence on Alleged Horse Trainer Affair and Tearfully Asks If Cancer Was Her 'Payback'

Teddi Mellencamp Breaks Silence on Alleged Horse Trainer Affair and Tearfully Asks If Cancer Was Her 'Payback' Stephanie Wenger, Ingrid VasquezAugust 5, 2025 at 8:00 PM The second part of Teddi Mellencamp's appearance on The Jamie Kern Lima Show podcast dropped on Tuesday, Aug.

- - Teddi Mellencamp Breaks Silence on Alleged Horse Trainer Affair and Tearfully Asks If Cancer Was Her 'Payback'

Stephanie Wenger, Ingrid VasquezAugust 5, 2025 at 8:00 PM

The second part of Teddi Mellencamp's appearance on The Jamie Kern Lima Show podcast dropped on Tuesday, Aug. 5

During the episode, the former The Real Housewives of Beverly Hills star addressed her alleged affair with horse trainer Simon Schroeder

"To this day, does it still hurt my heart and I wonder if that's why it got cancer? Yes, like it was my payback," she said

Teddi Mellencamp has broken her silence about her alleged affair with her horse trainer, Simon Schroeder.

On the second half of The Jamie Kern Lima Show podcast, which dropped Tuesday, Aug. 5, Mellencamp opened up about the alleged affair with Schroeder, which first circulated in the news at the end of 2024.

"I've never talked about it at all, just because of the kids, and I've never wanted anybody to have a guarantee whether it happened or didn't happen, but what I can say is, did I do things that hurt other people? Yes," Mellencamp, 44, said.

"To this day, does it still hurt my heart and I wonder if that's why it got cancer? Yes, like it was my payback," she said, referring to her stage 4 cancer diagnosis after her melanoma metastasized to her brain and lungs.

With tears in her eyes, Mellencamp said that "nothing goes without payment."

"However long it was ... it was all over the press, it was everywhere. You're trying to minimize everybody's pain. You end up maximizing it," she continued. "Because now not only do you have yourself, you have your significant other, your kids, the other person's significant other, their kids."

Jamie Kern Lima/YouTube

Teddi Mellencamp on 'The Jamie Kern Lima Show'

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Schroeder's ex-wife, Karli Schroeder, with whom he shares two kids, filed for divorce on Dec. 30, citing irreconcilable differences, according to court documents obtained by PEOPLE.

The filing, in which she also asked for spousal support as well as payment of her attorney fees from Simon, stated they were married April 14, 2024, and split on Sept. 22, 2024. The pair had a previous marriage annulled in Ventura County in February — but remarried two months later, according to Us Weekly.

The divorce occurred after rumors swirled in November 2024 that Simon had an affair with Mellencamp, amid the Real Housewives of Beverly Hills alum's divorce from Edwin Arroyave. Simon never commented on the affair rumors, and never responded to PEOPLE's request for comment in January 2025.

Mellencamp and Arroyave were married for 13 years when she filed for divorce on Nov. 1, 2024, citing irreconcilable differences, according to court documents obtained by PEOPLE. However, in February 2025, the divorce proceedings came to a halt when Mellencamp revealed her cancer diagnosis.

In the months since, Mellencamp and Arroyave remained on good terms and emphasized how they're still good friends. He has even been by her side as she continues to undergo treatment for cancer.

Charles Sykes/Bravo via Getty

From left: Edwin Arroyave and Teddi MellencampSpeaking about her actions on the Aug. 5 podcast, Mellencamp said, "So many people are hurt in the wreckage."

"But I can say this from knowing — the wreckage doesn't happen on its own," she said, adding that "it never had happened to me."

"I think I was so broken as a human being during that part of my life that I did things out of my better judgment," she said, explaining that she was "so sick."

"Remember how I told you there was like months of headaches and stuff like that? I was looking for comfort anywhere I can get it," she said, referring to the "severe and debilitating headaches" she mentioned in her announcement about the brain tumors.

"I felt so much pain. I felt so sick. I didn't go to the doctors. I just felt some certain kind of way. And the pain was so much that I had gotten to the point of like, almost hating waking up in the morning, which I had never been that kind of person," she continued.

Mellencamp said she wasn't herself but is not going to blame her alleged actions on the fact that she was sick.

"But I do think a bunch of things happened in my life all around the same time, and I had zero control of any of them. Like I just was running around like a chicken with my head cut off," she said.

Courtesy of The Jamie Kern Lima Show

Teddi Mellencamp on 'The Jamie Kern Lima Show'In earlier segments of the podcast, Mellencamp spoke about how she and Arroyave, 48, put their divorce on pause when they found out about her stage 4 brain cancer diagnosis.

"I always knew he'd do the right thing by me," Mellencamp said. "If he wanted to, he could still be filing and finishing this divorce off right now. But, my dad [musician John Mellencamp] and family just said like, 'I don't think this is the right thing for her to be able to try to navigate right now or figure out.' It was like, 'Yeah, of course. No, we'll wait. We'll wait until she's better, and then we'll figure it out.'"

Though Mellencamp called Arroyave her "ex-husband" at one point during the episode, she clarified that she doesn't "know what you call somebody you were married to, then you filed for divorce, and then you got cancer, so then everything went on hold."

— sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human interest stories.

"To this day, I don't hate Edwin," she said, adding that she and Arroyave were staying in the same house together and "don't argue."

""I just want him to be happy, and I want our kids to be happy, and I want us to be able to have a good friendship and relationship, and I don't want to do anything to hurt him," she said. "I kind of know how our marriage works."

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Teddi Mellencamp Breaks Silence on Alleged Horse Trainer Affair and Tearfully Asks If Cancer Was Her 'Payback'

Teddi Mellencamp Breaks Silence on Alleged Horse Trainer Affair and Tearfully Asks If Cancer Was Her 'Payback'...
New Photo - He fell 25 feet over a waterfall onto rocks below. His screams alerted rescuers.

He fell 25 feet over a waterfall onto rocks below. His screams alerted rescuers. Natalie Neysa Alund, USA TODAY August 6, 2025 at 12:41 AM Screaming for help, a hiker was rescued after falling over a waterfall and landing 25 feet down in "a rocky pool," according to officials in Southern California.

- - He fell 25 feet over a waterfall onto rocks below. His screams alerted rescuers.

Natalie Neysa Alund, USA TODAY August 6, 2025 at 12:41 AM

Screaming for help, a hiker was rescued after falling over a waterfall and landing 25 feet down in "a rocky pool," according to officials in Southern California.

The incident took place in the unincorporated community of Forest Falls on Sunday, Aug. 3, the San Bernardino County Fire Protection District reported. San Bernadino is about 60 miles east of Los Angeles.

At 3:45 p.m., the agency posted on X, crews responded to Big Falls, a popular hiking destination in the county about 85 miles east of Los Angeles.

San Bernardino County firefighters airlifted a "seriously injured" hiker after he fell 25 feet at Forest Falls.

The agency reported the hiker had lost his footing and fallen 25 feet while attempting to cross "a slippery portion of the falls."

While the firefighters who initially responded could not see the hiker, they could hear "cries for help," the department said.

Bikers injured in crash: 1 dead, 17 injured during 1st weekend of Sturgis Motorcycle Rally

California hiker who fell off waterfall airlifted out

Footage released by the department shows a rescue helicopter lifting the hiker off the rocks, towing him after he is secured by first responders in a Stokes basket.

The hiker was taken to a local trauma center to be treated for unspecified injuries, the agency wrote.

His condition was not immediately known on Tuesday.

Incidents often occur at popular location

No other injuries were reported in connection with the fall, officials said.

In its announcement, the fire agency urged visitors to stay on marked trails, avoid climbing on or around waterfalls, and keep a safe distance from slippery or steep areas.

"We respond to incidents at this popular location often, where people are seriously injured, so please make smart choices and stay safe," the agency wrote.

The fire agency did not immediately respond to a request for comment.

Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at [email protected] and follow her on X @nataliealund.

This article originally appeared on USA TODAY: Hiker falls over waterfall in Forest Falls, plummeting 25 feet

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He fell 25 feet over a waterfall onto rocks below. His screams alerted rescuers.

He fell 25 feet over a waterfall onto rocks below. His screams alerted rescuers. Natalie Neysa Alund, USA TODAY August...
New Photo - Crime down in every category in 2024, FBI report says

Crime down in every category in 2024, FBI report says Anna SchecterAugust 6, 2025 at 3:37 AM Cliff Owen / AP Crime decreased in every category in 2024, including murder, violent crime and motor vehicle thefts, according to data released by the FBI on Tuesday.

- - Crime down in every category in 2024, FBI report says

Anna SchecterAugust 6, 2025 at 3:37 AM

Cliff Owen / AP

Crime decreased in every category in 2024, including murder, violent crime and motor vehicle thefts, according to data released by the FBI on Tuesday. It reflects a trend experts have been tracking as reported numbers of violent crimes continue to drop from a spike immediately following the COVID-19 pandemic.

While the report included good news, a violent crime still occurred on average every 25.9 seconds in the United States last year, according to the FBI's annual Unified Crime Report, which compiles crime statistics submitted by law enforcement agencies across the country. This year's report used data submitted by 16,675 different agencies, which the FBI said covers a combined population of more than 325 million people, or about 95.6% of U.S. residents.

The FBI's report did not venture to say why the violent crime stats decreased. "It's difficult if not impossible for us to say why, and each reporting agency would have a different reason why," an FBI official said Tuesday in response to a question from CBS News during a briefing.

The FBI did note it has seen an increase in the number of officers shot in the line of duty. "Between 2021 and 2024, we saw 258 law enforcement officers feloniously killed in the line of duty," the FBI official said.

All violent crime decreased last year

Violent crime, which the FBI defines as murder, nonnegligent manslaughter, rape, robbery and aggravated assault, was down an estimated 4.5% in 2024 compared to 2023, with each subcategory also seeing a decrease.

The murder and nonnegligent manslaughter rate decreased 14.9% year over year. Robbery dropped by 8.9%. Rape saw an estimated 5.2% decrease and aggravated assault was down 3%, the report found

The murder and nonnegligent manslaughter rate dropped for a second straight year, after dropping from 6.5 to 5.7 murders per 100,000 inhabitants in 2023. In 2024, the rate dropped again, to 5 murders per 100,000 inhabitants. Over the last 20 years, the high mark in the murder rate was recorded in 2020, with 6.7 per 100,000 residents, while the lowest recorded was in 2014, with 4.4 cases per 100,000 people.

Analysis from Jeff Asher, a criminal justice data expert and co-founder of consulting firm AH Datalytics, noted that while murder, rape and robberies have fallen to below pre-COVID levels following a large spike during the pandemic, aggravated assaults, while decreasing, remain "stubbornly high."

In a shift from previous years, both the Los Angeles Police Department and the Los Angeles County Sheriff's Office contributed data to the FBI report.

LAPD Chief of Detectives Alan S. Hamilton credited community and violence intervention programs in Los Angeles for contributing to the drop in crime there. "We made an investment in the future and I think these are the dividends," he told CBS News in a phone call Monday night.

Rodney Harrison, former police commissioner of New York's Suffolk County and a CBS News law enforcement contributor, said some of the drops in violent crime could be attributed to criminals shifting their efforts to online crimes like identity theft.

"If they don't have to go out on the street and run drugs and can make money sitting at the computer, some criminals will do that, which presents a new challenge to police," Harrison told CBS News.

Property crime also down

Property crime also saw a considerable decrease of 8.1% in 2024, the FBI report found, following a 2.4% drop in 2023.

Of note, motor vehicle thefts decreased by 18.6% from 2023 to 2024 following several years of increases. It's the largest one-year drop ever recorded in that category, although the overall rate of car thefts is still higher than it was in 2019, according to Asher.

Other subcategories of property crime include burglary, down 8.6%, and larceny-theft, down 5.5%.

The overall property crime rate in 2024 was the lowest recorded since 1961, according to the Council on Criminal Justice.

Hate crimes

The FBI also included data on hate crimes, based on reports from 16,419 law enforcement agencies. In 2024, those departments reported 11,679 criminal incidents and 13,683 related offenses motivated by bias based on race, ethnicity, ancestry, religion, sexual orientation, disability, gender or gender identity.

The overall number of such incidents decreased slightly in 2024 compared to 2023, although the FBI noted there can be fluctuations when looking at different groups.

While the FBI report did not give a breakdown of the targets of hate crimes, CBS News has been tracking an increase in reported antisemitic hate crimes in the wake of the Oct. 7, 2023, Hamas terror attack in Israel and the subsequent Israeli military operation in Gaza. Anti-Muslim hate crimes have also been on the rise in the same time period.

The Secure Community Network, which helps to track antisemitic incidents across the country, said roughly 69% of the reported religiously motivated incidents in 2024 were antisemitic, targeting Jewish people or institutions.

Downward trend continuing

While the FBI's report is focused on 2024, statistics for the current year are available and show a continuing downward trend, according to analysis from the Council on Criminal Justice.

The homicide rate continued to decline in the first half of 2025, lowering the rate in the U.S. to a level it hasn't seen in a decade, the CCJ said. Although the group noted that while the overall numbers are going down, many cities are still seeing higher homicide rates than they did in the first half of 2019.

"These numbers are promising but not surprising," Ernesto Lopez, senior research specialist at the CCJ, told CBS News. "After significant increases in violent crime starting in 2020, the decline in all major crime types across all sizes of jurisdictions is promising. These trends are closely aligned with our own findings, which show crime falling last year and continuing to fall in the first six months of 2025."

The council also noted the limitations of the FBI's data, which doesn't cover the entire U.S. population and only measures crimes that are reported to law enforcement. Advocates for victims of sexual assault, for example, often note that many rapes go unreported.

"The police data is critical, but it's also important to remember that most crimes are not reported to police, so the overall volume is much higher than what's represented here," the CCJ told CBS News.

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Crime decreased in every category in 2024, FBI report shows

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Crime down in every category in 2024, FBI report says

Crime down in every category in 2024, FBI report says Anna SchecterAugust 6, 2025 at 3:37 AM Cliff Owen / AP Crime dec...
New Photo - Shaun Alexander: Sam Darnold a good risk for Seahawks

Shaun Alexander: Sam Darnold a good risk for Seahawks Tyler Dragon, USA TODAY August 6, 2025 at 3:34 AM The Seattle Seahawks have undergone plenty of highprofile changes since the calendar turned to 2024. Mike Macdonald was hired as the franchise's ninth head coach last January.

- - Shaun Alexander: Sam Darnold a good risk for Seahawks

Tyler Dragon, USA TODAY August 6, 2025 at 3:34 AM

The Seattle Seahawks have undergone plenty of high-profile changes since the calendar turned to 2024. Mike Macdonald was hired as the franchise's ninth head coach last January. This year, Seattle traded Geno Smith, signed Sam Darnold to a contract worth over $100 million, traded DK Metcalf and signed Cooper Kupp to play in his native state.

Will the changes result in tangible improvement?

The Seahawks haven't clinched a playoff berth since 2022 and haven't won a postseason game since the 2019 season, but former Seahawks great Shaun Alexander believes the team is on the cusp of something special.

"Coach McDonald, his style, his personality, I think the way he's doing it is going to be very beneficial for us. The Seahawk family is in a good place to go on a great run," Alexander said to USA TODAY Sports on behalf of USAA's Salute to Service Bootcamp. "Last year, we were the only team with 10 wins and not make the playoffs."

The Seahawks were a part of the quarterback carousel this offseason when they sent Smith to the Las Vegas Raiders and signed Darnold during free agency. Darnold is coming off an impressive 2024 campaign with the Minnesota Vikings in which he recorded career-highs in most major quarterback statistical categories. He became the first QB in NFL history to record 14 wins in his first season with a team and his performance earned him his first ever Pro Bowl nod.

But Darnold's been a journeyman quarterback for a majority of his career. Seattle's his fifth team in eight seasons.

The big question is whether Darnold's lone Pro Bowl year in Minnesota was an anomaly or a sign of things to come? Seattle signed the 28-year-old quarterback to a three-year contract. However, the structure of the deal enables the Seahawks to cut Darnold after just one season and the club drafted an insurance plan in the third-round of the 2025 draft in Alabama product Jalen Milroe.

"I'm one of those people like, is the risk? Yes, but is it a good risk? Yes. One hand, I love Geno I thought he was very good for our team… Here we are with Sam, I think he's gonna be a good quarterback," Alexander explained. "Sam is a fine NFL quarterback that if put in the right situation, he can look really good."

Alexander is the Seahawks' all-time leading rusher. Suitably, he thinks Darnold is in a good offensive situation because of the current Seattle running back, Kenneth Walker, who could be motivated because he's on an expiring contract.

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"I've always thought he was a steal. I always thought he was a jewel of a running back. I think a healthy him gives us a shot in every game. He could look like he just passively is going to put up 100 yards and score a touchdown," Alexander said. "He's gonna be in a good place to have a great year this year."

Is Darnold going to be the franchise QB the Seahawks are paying him to be? It's one of the more fascinating questions entering the season. Although, akin to all quarterbacks, the answer is largely dependent upon his surrounding parts.

Follow USA TODAY Sports' Tyler Dragon on X @TheTylerDragon.

This article originally appeared on USA TODAY: Shaun Alexander says Sam Darnold is a good risk for Seahawks

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Shaun Alexander: Sam Darnold a good risk for Seahawks

Shaun Alexander: Sam Darnold a good risk for Seahawks Tyler Dragon, USA TODAY August 6, 2025 at 3:34 AM The Seattle Se...
New Photo - Chris Paul Returns to the Clippers for His Likely Final NBA Season

Chris Paul Returns to the Clippers for His Likely Final NBA Season Taylor MercerAugust 5, 2025 at 11:00 PM If you've been following the NBA long enough, you know Chris Paul's career has been filled with incredible highs, gutwrenching nearmisses, and a string of unforgettable moments.

- - Chris Paul Returns to the Clippers for His Likely Final NBA Season

Taylor MercerAugust 5, 2025 at 11:00 PM

If you've been following the NBA long enough, you know Chris Paul's career has been filled with incredible highs, gut-wrenching near-misses, and a string of unforgettable moments. But now, in what could be his last season, he's returning to a team that made him a household name: the Los Angeles Clippers. This reunion doubles as a farewell tour, and it's shaping up to be one of the most talked-about stories in the NBA this season. Let's break down what the talks are all about.

A Return to Familiar Ground

Image via Wikipedia/nikk_la

Paul's first stint with the Clippers (2011-2017) was one of the most memorable periods in franchise history. He became known as the leader of the "Lob City" era, and guided a team stacked with talent, including Blake Griffin and DeAndre Jordan, to six consecutive playoff appearances.

During those years, Paul was the team's heartbeat. His 4,023 assists still stand as the most in franchise history, and his five All-Star selections with the Clippers marked his place as one of the league's top point guards.

Now, with a one-year, $3.6 million deal, he is ready to step back into the Clippers' locker room and bring with him not only experience but also a desire to finish his career on a high note. Clippers president Lawrence Frank called Paul "one of the most impactful players ever to wear their uniform," and it's not an exaggeration.

Paul changed the entire trajectory of the franchise, and his return adds a fresh layer of excitement to a team already boasting star power.

Stars, Depth, and Big Aspirations

Speaking of star power, the Clippers aren't just reuniting with Paul for nostalgia's sake. This is a team that's still pushing hard for a championship. With stars like Kawhi Leonard, Paul George, and James Harden, the Clippers have one of the deepest rosters in the league.

Adding Paul to the mix only strengthens the backcourt, where he'll provide exceptional ball handling, playmaking, and veteran leadership. Despite his age, he still has plenty left in the tank. Last season, while playing for the Spurs, he proved that he can still play at a high level by appearing in all 82 games for the first time in his career.

While his numbers (8.8 points and 7.4 assists per game) might not carry the weight they once did, Paul's basketball IQ remains unmatched. As he joins a veteran-heavy roster, his role will be a bit different this time around. He'll come off the bench as a reserve point guard. But don't mistake that for a lesser role. His leadership, especially in high-pressure moments, will be invaluable.

What's Next?

Image via Unsplash/Quinten de Graaf

While it's clear that Paul's impact on the court will remain significant, the real story is what this final season means for the Clippers. With the team's championship window still open, Paul is stepping into a critical moment. The Clippers need all the depth they can get, especially in a brutal Western Conference. With Paul now added to the roster, the hope is that his experience and composure will help guide the team through the ups and downs of a long season and, ultimately, into the playoffs.

But there's an undeniable element of emotion here too. This is Paul's farewell tour, and while no official announcement has been made about his retirement, the feeling around the league is that 2025-2026 will be his final season. Fans and teammates alike are well aware that every game with Paul in a Clippers uniform is a reminder of how much he's meant to the NBA and to the team. The prospect of him playing alongside the likes of Leonard and Harden only adds to the excitement.

The Legacy of Chris Paul

Paul's career is already Hall-of-Fame material. As a 12-time All-Star, four-time All-NBA First Team member, and a six-time leader in steals, Paul's list of accolades is long. Yet, despite his individual success, one thing has eluded him: an NBA championship. His time with the Clippers, Rockets, and Suns has been filled with near-misses.

But that's what makes this season so compelling. Paul is, in a sense, getting one last shot. He'll have a role on a team with real title aspirations. And while his personal legacy is secure, there's no denying that every basketball fan is hoping he gets that elusive championship before hanging up his sneakers for good.

A New Chapter in L.A.

Image via FreePik/bublikhaus

As Paul returns to the Clippers, the basketball world will be watching closely. Will this be the season that finally brings the ultimate glory to the Clippers franchise? Will he, in his 21st season, get one last shot at glory? Fans are eager to find out.

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Chris Paul Returns to the Clippers for His Likely Final NBA Season

Chris Paul Returns to the Clippers for His Likely Final NBA Season Taylor MercerAugust 5, 2025 at 11:00 PM If you'...
New Photo - NY Fed flags rise in student loan borrowing troubles in second quarter

NY Fed flags rise in student loan borrowing troubles in second quarter Michael S. DerbyAugust 5, 2025 at 11:05 PM By Michael S.

- - NY Fed flags rise in student loan borrowing troubles in second quarter

Michael S. DerbyAugust 5, 2025 at 11:05 PM

By Michael S. Derby

NEW YORK (Reuters) -Total household debt levels rose during the second quarter as a growing number of student loan borrowers and some newer home borrowers faced rising credit challenges.

The Federal Reserve Bank of New York said on Tuesday as part of its latest Quarterly Report on Household Debt and Credit that overall borrowing during the second quarter increased $185 billion, or 1%, from the first quarter to $18.39 trillion. Housing-related credit, which makes up the bulk of borrowing in the U.S. economy, ticked up $131 billion to $12.94 trillion.

The report noted that the overall move of different types of debt into some type of delinquency was "elevated" during the second quarter, with 4.4% of overall borrowing hitting some level of delinquency, a very slight rise from what was seen in the first quarter.

The move into trouble status was "mixed" across borrowing types, the New York Fed said, with delinquent mortgages and home credit lines up "slightly" from the first quarter, with student loan woes up "sharply." The rise in troubled student loans was not unexpected given the recent ending of the debt payback moratorium and the return of reporting troubled borrowing to credit agencies.

Some 10.2% of student borrowing is now 90 or more days delinquent, the report said. What's more, New York Fed researchers expect the troubles for student borrowing to continue to rise.

Student loan borrowing challenges have been an ongoing issue for the overall economy as rising trouble there can impair other types of borrowing and cause lasting financial damage to those who are facing difficulties. During the second quarter total student loans were $1.64 trillion.

The New York Fed report also delved into housing trends and found that against a solid overall landscape where borrowing has been bounded by strict credit standards, there are rising issues with loans from the Federal Housing Administration, which exists to help facilitate first-time borrowers.

"Despite the recent uptick in mortgage delinquency, overall mortgage performance remains strong by historical standards," said Joelle Scally, an economic policy advisor at the New York Fed, in a press release.

That said, New York Fed researchers wrote in a blog post accompanying the debt report that FHA mortgages "have recently seen the steepest rise in delinquency rates, with transitions into 30 days past due exceeding four percent quarterly." In terms of geography, they noted there were more troubled loans of this type in Southern states and Puerto Rico.

But they cautioned that what's happening now may be a return to where things were a few years ago. "In a way, the current higher-flow delinquency rates are offsetting the artificially low-flow delinquency rates during the pandemic."

Housing-related borrowing could face some headwinds going forward on current trends for home prices, the New York Fed researchers wrote. "While home prices have only declined slightly, there is some risk that a continued decline in home prices may add pressure should more borrowers find themselves underwater."

The New York Fed also noted second-quarter credit card debt rose $27 billion from the first quarter to $1.21 trillion, while auto-loan borrowing ticked up $13 billion over the same period to $1.66 trillion. Some of the rise in auto-related borrowing was tied to an uptick in car buying to get ahead of tariffs, bank researchers said.

(Reporting by Michael S. Derby; Editing by Andrea Ricci)

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NY Fed flags rise in student loan borrowing troubles in second quarter

NY Fed flags rise in student loan borrowing troubles in second quarter Michael S. DerbyAugust 5, 2025 at 11:05 PM By M...

 

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