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Less than a quarter of homeowners in forbearance have managed to make payments for May, according to fintech firm Black Knight
New York-based Signature Bank says roughly 14% of its loan book is seeking to defer payments as the pandemic challenges cashflow
More central bank action expected after Bank of England also cuts interest rate to offset COVID-19 effect on economy
US banking groups have reduced their prime and reference lending rates following yesterday’s Federal Reserve rate cut
Errors and attempted fraud connected to mortgage applications fell by 3% in January and is down by more than a quarter year-on-year
Credit card late payments fell but auto, home and personal loans all saw delinquencies rise in Q3
Housing starts grew to almost 1.4 million units, more than 3%
Home sales grew over the last sixty days faster than it has in more than a decade
How can credit scores be so good when a downturn is increasingly likely?
After the housing bubble burst, consumers have been less willing to tap into equity on their homes
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