Lending

Lending (1539)

Consumer Borrowing Climbs for Second Month in a Row

The amount of outstanding consumer credit rose steadily for a second consecutive month, a positive sign for U.S. economic growth. So reports MarketWatch. Read more...

Mortgage Biz Should Prep for New Rate Index: Fed Group

Mortgage professionals should begin getting ready for a new interest-rate index that can replace Libor, the scandal-tarnished benchmark that’s due to sunset after 2021, according to a Federal Reserve working group. So reports MarketWatch. Read more...

Fed Chair: Trump Won’t Make Me Step Down

Federal Reserve chairman Jerome Powell has told lawmakers he would not quit his job as the nation’s top central banker if the president requested it. So reports the BBC. Read more...

Meeting America’s Affordable Housing Needs Requires GSE Reform, and More

Post from the JCHS of Harvard University By Michael Stegman Much of the writing that I will undertake in my fellowship year at the Joint Center for Housing Studies will address the Trump administration’s and Congress’s administrative and legislative efforts to reform the secondary mortgage market, including determining the fate of the government-sponsored enterprises (GSEs)… Read more...

Apartment Demand Jumps, Home Rentals Gain Favor

Demand for rental apartments climbed in the second quarter of the year, up 11% from a year earlier. So reports CNBC, citing data from real estate software vendor RealPage. Read more...

California, Hawaii Have the Most Mortgage Debt

California and Hawaii are by far the states with the highest average mortgage debt. So reports 24/7 Wall Street, drawing on 2017 data from Experian and the U.S. Census Bureau. Read more...

Stearns Holdings Files for Bankruptcy in Deal to Stay Open

Stearns Holdings has filed for chapter 11 bankruptcy after what is said was an agreement to stay in operation and preserve jobs. So report Bloomberg and USA Today. Read more...

Mortgage Delinquency Falls to 20-Year Low

Loan performance continued to improve in April as the national mortgage delinquency rate dropped to its lowest level in more than 20 years, according to new monthly data from Corelogic. So reports Forbes. Read more...

Housing Confidence Dips But Remains Near Survey High

The Fannie Mae Home Purchase Sentiment Index® decreased 0.5 points in June to 91.5 after nearing its survey high last month. Read more...

Mortgage Rates Inch Up, Vets to Pay More

Rates for home loans increased modestly in the holiday shortened week ending July 3. So reports MarketWatch. Read more...

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