Government

February 22, 2021

Lending Boom of Risky Corporate Debt

Investors’ near-insatiable demand for even the riskiest corporate debt is fueling a Wall Street lending boom, offering lifelines for struggling companies even as the coronavirus pandemic […]
February 19, 2021

A Potential Foreclosure Wave for 2021?

While analysts have expressed concern foreclosures could overwhelm servicers when forbearance ends, new data suggest that outcomes will be manageable in most areas. The foreclosure wave […]
February 19, 2021

Americans Left Banks Out of Borrowing Binge

Last year was a banner one for debt, but it didn’t look that way for big banks.  Large lenders saw their loan books shrink in 2020 […]
February 17, 2021

Forbearances Decline; Further Drops Doubtful

The number of borrowers in forbearance is at its lowest level in 10 months. However with conforming borrowers now able to extend their plans, it’s uncertain […]
February 16, 2021

PPP Boosts SBA Loan Program Interest

Emergency lending programs have cut into the volume of traditional Small Business Administration loans, but they have also led more bankers to make bigger long-term commitments […]
February 10, 2021

Mortgage Delinquencies Fall but Jobs Growth Necessary

While the number of distressed mortgages declined to a pandemic low in November, sustainable improvement won’t be made until the job market grows. “Forbearance and loan […]
February 8, 2021

Confidence Rises; Job Outlook Declines

U.S. consumer confidence rose moderately in January while lingering concerns about the COVID-19 pandemic led to a further deterioration in households’ perceptions of the labor market, […]
October 1, 2020

Small Business Activity Stagnant in August

In August, there were 23.7% fewer businesses open relative to January. This represents an increase in small business closures of 1.2%age points since July. A spike […]
September 10, 2020

The Scramble to Stop Pandemic Loan Fraud

Banks filed an abnormally high number of reports of suspected business loan fraud in July, according to government data analyzed by the Project On Government Oversight […]