On September 27, the CFPB released its annual report on residential mortgage lending trends for 2022. The report notes that the average monthly principal and interest payment for a new 30-year fixed-rate mortgage originations increased...
Read MoreAccording to the WSJ, commercial real-estate (CRE) insurance costs have risen 7.6% annually on average since 2017. Citing data from Moody’s Analytics, natural disasters, inflation, and a shrinking reinsurance market have pushed insurance premiums to...
Read MoreOn September 27, SEC Chair Gary Gensler testified before the House Financial Services Committee (HFSC). He addressed questions regarding AI, crypto, and the Commission’s proposals on swing pricing and predictive data analytics. Additionally, Gensler was...
Read MoreProlonged strikes at three of the largest vehicle manufacturers could further reduce auto inventories and result in higher prices. Consumers looking to finance vehicle purchases are already facing tougher lending standards and higher interest rates. The...
Read MoreAccording to the Wall Street Journal the resumption of student loan repayments could divert up to $100 billion in American consumer spending over the next year. This resumption begins on October 1, and follows the payment pause...
Read MoreOn September 20, the Federal Reserve Board voted to keep the federal funds rate in the range of 5.25% and 5.5%, marking only the second meeting this year that the Fed opted to keep rates...
Read MoreIn a report issued by the FDIC on September 8, the agency acknowledged that measures could have been implemented by bank regulators to mitigate deposit runs at First Republic Bank. The report emphasizes that the FDIC could...
Read MoreAccording to Federal Reserve data, the growth rate of bank consumer lending has slowed, from 10.8% year-over-year growth in January, to 7.3% YoY growth in June, to only 5.9% YoY growth in July. Moreover, overall...
Read MoreAccording to the American Banker, a slowdown in commercial lending could hint at a forthcoming U.S. recession. Banks are tightening lending standards for commercial borrowers and charging higher rates for loans with riskier profiles. Tightening...
Read MoreThe Wall Street Journal reports that seasonalized severe delinquency rates among auto loans have reached the highest levels seen since 2006, due in part to record-high auto prices. Defaults and missed payments for sub-prime auto loans...
Read MoreAccording to the Wall Street Journal, investors are finding opportunities in commercial real-estate (CRE). CRE owners have started to sell distressed properties at lower prices. Investor opportunities may continue to rise as CRE values have...
Read MoreRecent data suggest that late payments and delinquencies, which were trending at historical lows, are creeping higher across different lending types. The Wall Street Journal cites S&P data that auto loan delinquency rates are higher...
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