credit

December 10, 2019

Household Debt Spikes to Record $14 trillion

U.S. household debt rose to a record $14 trillion in the third quarter, led by an increase in mortgage loans, according to the Federal Reserve Bank […]
November 21, 2019

Mortgage Demand Increased in 3Q

The Federal Reserve’s Senior Loan Officer Opinion Survey showed more demand for consumer credit and mortgages in the third quarter and a softening in demand for […]
November 20, 2019

Delinquencies Drop but Foreclosure Filings Rise

The third-quarter delinquency rate fell to its lowest point since 1995, according to the Mortgage Bankers Association. However, Attom Data Solutions’ numbers show foreclosure filings experienced […]
October 30, 2019

Small Business Lending Strong but Slowing

Volume in the Small Business Administration’s flagship lending program fell for the second straight year as more borrowers qualified for conventional loans. Lenders made $23.2 billion […]
October 25, 2019

September New Business Volume up 18%

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for September was $10 billion, up 18% year-over-year from new […]
October 22, 2019

Businesses Struggle to Secure Credit

Small and mid-sized businesses are having a harder time getting credit and that’s having an impact on their plans to hire.  Those are findings of a […]
October 8, 2019

Consumer Credit Climbs Higher Than Expected

U.S. consumer credit increased more than forecast in August as school loans and other non-revolving debt rose by the most in three years. Total credit climbed […]
September 26, 2019

Mortgage Credit Tightens Despite Strong Demand

Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index (MCAI).  Mortgage credit tightened despite falling interest rates and a strong uptick in […]
September 18, 2019

“Tappable” Equity Climbs to New High of $6.3 Trillion

Tappable equity reached an all-time high of $6.3 trillion in the second quarter as home-price gains made real estate more valuable.  The amount of equity homeowners […]