this is on origination date i using equifax merging of credit records and you can see that increase of activity even with that data set with the hyatt to loan to value ratio because it takes time for when we apply to a mortgage and when it closes. so this is origination even though the policy to place in november you say big effect in january because it takes time from application to origination. what about people removing equity? you are basically losing your job the economy is suffering you have some equity you want to refinance you may remove some of that to use for current consumption. the amount of equity removed from the refinancing process in response to the quantitative easy was much better -- bigger than those that had equity so they removed it during that process more so than the cash out. recap talking about the effect of monetary policy on house values but the key thing to keep in mind is house prices were falling know what of all areas of this period in monetary policy may have stopped it from falling more but it still did not cause people to get equity in their house. peo

next monitor your bank accounts and call one of three credit reporting agencies, transunion, equifax or experion and ask to have a fraud alert put on your trial. >>> there will be a wake tonight for charnice milton. someone shot milton on her way home from an assignment. she will be laid to rest as investigators try to figure pout who killed her. d.c. police released new video of 14 persons of interest in her murder. it shows several teens on dirt bikes and atvs. milton was murdered while transferring buses on good hope road last wednesday. police are asking you to give them a call if you recognize anyone or have any information. we have posted this video on nbcwashington.com. i just tweeted it out too if you want to take a closer look. >>> today the final preparations are underway in wilmington for the funeral of beau biden. friends, family and colleagues gathered in delaware yesterday to honor the former attorney general. biden lay in honor in the delaware senate chamber surround surrounded by family. it was the first of several services to be held before tomorrow's mass. biden was

you've got transunion equifax or xperian. ask them to have a fraud alert put on your file. opm conducts more than 90% of federal background investigations. we're going to keep tracking this for you, of course. you can follow us on social media platforms, any type of new information that comes about we'll put it out there. at the live desk, i'm erika gonzalez. >> erika, thank you. >>> tonight, a story that we covered extensively more than a decade ago is back in the news and we're going to be hearing a lot more about it once again. it was 2001 when capitol hill intern chandra levy disappeared. >> the search for her and then the search for her killer made headlines for years. enough the man convicted of her murder will get a new trial. our chris gordon spoke with levy's mother today. chris? >> well, chandra levy's disappearance was at the center of local and national news for years. then it became a murder mystery. throughout it all, chandra's parents, susan and bob levy, appeared before cameras saying they wanted justice. now they face the prospect of a new trial for the man

you've got transunion equifax or xperian. ask them to have a fraud alert put on your file.onducts more than 90% of federal background investigations. we're going to keep tracking this for you,

that's why we put this data together from equifax.that. >> phil they sound like that when they say it. even on twitter and stuff like that they sound exactly like that. you are right. >> car prices are the highest they have ever been. clearly, the american consumer is suffering. i apologize, not really. >> phil thank you, great to see you, coming up the oil industry battles spoiling energy giants are turning to congress to look to overturn a law they say is a relic of our time t. ceos of hess and conoco philips will join us to make their case. take a look at where crude prices are this morning. you have crude at $59.99. "squawk box" returns with that conversation in just a moment. n you hold on? ♪ hold on for one more day ♪ really? hey, i know there's pain. why do you lock yourself up in these chains? ♪ ♪ this would be so easy if you had progressive. our mobile app would let you file a claim and help you find one of our service centers where we manage the entire repair process. things will go your way if you hold on. [ sighs ] someday

. >> we had the folk 0s at equifax putting together numbers for us.ver the last going back to 2009. in 2015 in the first quarter, that's the most recent data available. 23.9% were issued to those with subprime credit ratings. it's not a bubble. certainly when you look at the total numbers. 1.59 million loans were written to those with subprime credit ratings. that's about 34% of the new financing. it's not growing as fast as the market as a whole. on average when buying a new vehicle, the loanes for just over $27,000. delinquency race has fallen. in another week we will get the numbers for june auto sales. what i am hearing from people in the industry, it was a solid month. these are annual sales numbers going back to 2009. in 2014 at 16.5 million the expectation is we are going to be at about 17.1 million or 17.2 million for all of 2015. most is driven by increased demand for trucks and suvs. this week general motors will be introducing its newest chevy cruise. >> i would think this is good news, real underlying demand for car sales and not fuelled b

equifax says there are 1.59 million loans.lly almost a quarter of all auto loans but it's only up less than 1% compared to a year ago and it is 34% of all the new financing that's increased in the last year. the average new loan comes out a little over $27,000 for a new vehicle for sub prime borrowers. a the dling wen si rate has declined. the reason we're bringing this up because we're on pace for the second best year for auto sales now at a pace of about 17.25 million. that's what we've done over the last five years. you've seen the steady growth. one reason we're seeing the sales move higher the strength of pick up trucks. an increase in pickup sales. you can see there is a rotation into pickup trucks pent up demand there and as you take a look at fiat and chrysler. this week the ceo will be there for the reveal of a new vehicle. there will be comments from him, no doubt, about the need for consolidation in the auto industry and that's going to get a lot of attention over the next couple of days. >> he is still banging that