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Banks Grant Millions of Payment Deferrals During Pandemic

Banks Grant Millions of Payment Deferrals During Pandemic

New York-based Signature Bank says roughly 14% of its loan book is seeking to defer payments as the pandemic challenges cashflow
Loan Applications Spike After Fed Rate Cut

Loan Applications Spike After Fed Rate Cut

More central bank action expected after Bank of England also cuts interest rate to offset COVID-19 effect on economy
Banks Cut Lending Rates After Fed Action on COVID-19

Banks Cut Lending Rates After Fed Action on COVID-19

US banking groups have reduced their prime and reference lending rates following yesterday’s Federal Reserve rate cut
Problematic Mortgages on the Decline as Refinancing Rises

Problematic Mortgages on the Decline as Refinancing Rises

Errors and attempted fraud connected to mortgage applications fell by 3% in January and is down by more than a quarter year-on-year
Third Quarter Brings Mixed Bag for Loan Delinquencies, ABA Data Shows

Third Quarter Brings Mixed Bag for Loan Delinquencies, ABA Data Shows

Credit card late payments fell but auto, home and personal loans all saw delinquencies rise in Q3
US Housing Market Continues to Outperform Expectations

US Housing Market Continues to Outperform Expectations

Housing starts grew to almost 1.4 million units, more than 3%
United States Home Sales Showing Positive Signs for Growth

United States Home Sales Showing Positive Signs for Growth

Home sales grew over the last sixty days faster than it has in more than a decade
Addressing an Apparent Contradiction in Credit Scores

Addressing an Apparent Contradiction in Credit Scores

How can credit scores be so good when a downturn is increasingly likely?
HELOC Decline Hurting Banks: Here’s Why

HELOC Decline Hurting Banks: Here’s Why

After the housing bubble burst, consumers have been less willing to tap into equity on their homes
The Federal Reserve Is Expected To Cut Rates Again This Week

The Federal Reserve Is Expected To Cut Rates Again This Week

It would be the third consecutive rate cut
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