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 […]
Auto loan amounts increasd in the second quarter with the average new vehicle loan hit $32,119 (up $1,161 YOY). Average used vehicle loan amounts reached $20,156 […]
Citing rising risks among the mortgages it is backing, the Federal Housing Administration announced earlier this year that it was changing some of its lending rules. […]
The auto loan has flourished among American consumers over the last two decades, with its prevalence among the U.S. population rising each of the last seven […]
Sound underwriting coupled with family-income and home-price growth have helped push mortgage delinquency rates down. According to CoreLogic’s TrueStandings data, at the end of 2018 the […]
Americans faced record levels of debt at the end of 2018, with the amount owed by households rising for an eighteenth consecutive quarter. According to the […]
FinTechs, not traditional banks, appear to be preferred method of taking out unsecured personal loans in the U.S., with the market hitting an all-time high last […]
The number of subprime loans originated is increasing with gains across personal loans, credit cards, auto finance, and mortgages. TransUnion’s Industry Insights Report shows that while […]
Experian, FICO and Finicity announced a new credit scoring model that could expand credit access for millions of Americans. The new model, UltraFICO, would look at […]