Money

February 27, 2020

Credit Card Delinquencies Fall, Others Edge Up

Consumer credit delinquencies were mixed in the third quarter of 2019, with delinquencies rising for the composite index of closed-end loans, according to the American Bankers […]
February 26, 2020

Foreclosures Down but Could there be a Rebound?

Foreclosure activity during 2019 fell 21% from the previous year, but a few indicators show a change in direction could be possible, according to a new […]
February 25, 2020

Looser Underwriting May Lead to Jumbo Loan Defaults

Higher home prices play a double-edged sword, reducing affordability and contributing to lenders’ deciding to ease underwriting. However, they can also help delinquent borrowers become current […]
February 24, 2020

Auto Origination Volume Jumped in 3Q2019

Auto loan origination volume continues to increase despite affordability concerns overshadowing the industry, according to TransUnion’s Q4 2019 Industry Insights Report.  In fact, auto originations grew […]
February 20, 2020

Prime Consumers Shift Toward Used Vehicles

As average vehicle loan amounts and monthly payments continue to climb, consumer preferences are shifting to used vehicles as they look to maintain their financial health.  […]
February 18, 2020

New Business Volume Up 5% for 2019

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for December was $12.9 billion, up 2% […]
February 17, 2020

Credit Card Debt Rises to $930 Billion

Credit-card debt rose to a record in the final quarter of 2019 as Americans spent aggressively amid a strong economy and job market, and the proportion […]
February 14, 2020

Valentine’s Day Spending Sets New Record

It seems like the love for Valentine’s Day is growing every year.  National Retail Federations’ Annual 2020 Valentine’s Day Spending Survey, conducted by Proper Insights & […]
February 13, 2020

Commercial and Multifamily Lending Hits New Record

Despite a drop in multifamily loan volume, industrial, health care, office and retail originations pushed overall multifamily and commercial mortgage lending to unprecedented heights, according to […]