According 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...
Read MoreAccording to the Federal Reserve Bank of New York’s quarterly household debt and credit report, total debt increased by only 0.1% to $17.06 trillion during the second quarter. The increase was driven by credit card...
Read MoreAccording to the Wall Street Journal, home insurers have struggled to maintain profitability throughout five of the past six years due to increased claims and inflation. To encourage profitability, home insurers are attempting to pass...
Read MoreOn June 30, the Biden Administration announced a repayment plan for federal student loan borrowers, known as the Saving on a Valuable Education (SAVE) plan. SAVE is an income-driven repayment plan, under which borrowers will...
Read MoreHSBC’s recently released ESG survey indicates a rise in anti-ESG sentiment in the U.S. The survey, conducted from May to June 2023, polled 310 ESG professionals, representing 292 institutions with a collective $8.9 trillion in...
Read MoreFederal Reserve data reveals that total consumer credit increased by $7.3 billion during May (1.8% annualized), the slowest growth since November 2020. Nonrevolving consumer credit, which includes auto and student loans, declined by -0.4% (annualized...
Read MoreAfter three years of relatively low loan defaults, the negative effects of inflation and higher interest rates are weighing on borrowers. Bloomberg expects the six largest U.S. banks to write off $5 billion in loans...
Read MoreAccording to the Wall Street Journal, U.S. banks are expected to see an increase in unrealized losses on bonds and loans for the second quarter, as long-term yields continue to rise. The continued decline in market values...
Read MoreAccording to the Wall Street Journal (WSJ), corporate debt financing in below BBB-grade is moving away from unsecured bonds and into secured bonds, which accounted for 62% of recent issuance. These bonds also show shorter...
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