Non-Prime Lenders Report Delinquency Upticks Across Consumer Credit Products According to American Banker, banking executives were “largely positive” about the credit health of their mostly prime borrowers, while nonbank lenders with nonprime portfolios were less...
Read MoreAuto ABS Sees Unexpected Shift in Funding Costs As Auto Finance News noted on July 29, the cost of funds in Auto ABS should be increasing, with the increasing risk of a recession, and had...
Read MoreBanks See Opportunity to Attract New Customers in the Face of Adversity Undaunted by inflation and recession risk, credit-card issuers have allocated more funds to marketing and promotional expenses, have attracted new customers and are...
Read MoreAviation ABS: Heading in a New Direction with a New Player Voyager Aviation, an aircraft management and leasing firm based in Dublin, has announced its intention to venture into ABS with an initial offering of...
Read MoreU.S. Airports Travel Trends Stabilize Amid Pandemic, Fitch Says A recent Fitch Ratings report finds that most U.S. airports are reaching pre-pandemic passenger trends despite COVID-19 variants earlier this year. Since its last report, Fitch...
Read MoreFed Chair Powell Discusses Game Plan for Combatting Rise in Inflation On May 17, Federal Reserve Chair Jerome Powell in a Wall Street Journal interview stated he is committed to taking interest rates as high...
Read MoreFederal Reserve Financial Stability Report Warns of Worsening Liquidity In its semi-annual report, published May 5, the Federal Reserve took a cautionary tone in describing the dramatic changes since its last report in November 2021,...
Read MoreNAHB Home Builders Index Declines Again as Interest Rates Climb The NAHB monthly index, released April 18, dropped for the third month to 2 points below March. Two of the measures’ three components showed a...
Read MoreSt. Louis FED President James Bullard ‘Wouldn’t Rule Out’ Bigger Rate Hikes Speaking to the Council on Foreign Relations April 17, St. Louis Federal Reserve Board President James Bullard reiterated the Federal Reserve target of...
Read More30-year Fixed Mortgage Surpasses 5% This past week, the average rate on the popular 30-year fixed mortgage surpassed 5%, reaching 5.02%, according to Mortgage News Daily. This is the first time it has crossed that...
Read MoreConsumer Confidence Climbs Modestly in March Despite Inflation Worries The monthly Consumer Confidence Index, released on March 29, was up from February (105.7) at 107.2, slightly higher than economists’ expectations at 107, due to continued...
Read MoreRecession and Stagflation Discussions Open as Inverted Yield Curve Returns The yield on the two-year Treasury note was higher than the yield on the 10-year Treasury note for the first time since 2019 on March...
Read More
