mortgages

U.S. Household Debt Hits Record $1.4 Trillion
Credit & Capital

U.S. Household Debt Hits Record $1.4 Trillion

Americans beefed up their mortgage balances to a new high, taking advantage of near-zero interest rates.
By Matthew Heller | February 17, 2021
Read More
Moving Beyond ‘Survive-at-All-Costs’ Mode
Technology

Moving Beyond ‘Survive-at-All-Costs’ Mode

Expensive quick fixes are helping companies endure COVID-19 but they are not sustainable over a prolonged period of heightened volatility.
By Vincent Ryan | February 3, 2021
Read More
U.S. Household Debt Reaches New Heights
The Economy

U.S. Household Debt Reaches New Heights

A rise in mortgage, auto loan, and credit card balances drives a record amount of post-financial-crisis consumer debt.
By Vincent Ryan | August 14, 2018
Read More
Wells Fargo Says Calculation Error Led to Foreclosures
Risk Management

Wells Fargo Says Calculation Error Led to Foreclosures

The bank also says it is facing multiple inquiries over its use of federal low-income housing tax credits.
By William Sprouse | August 6, 2018
Read More
Deloitte to Pay $149M Over TBW Loan Fraud
Risk & Compliance

Deloitte to Pay $149M Over TBW Loan Fraud

The government says the TBW financials audited by Deloitte failed to reflect the mortgage originator's "severe financial distress."
By Matthew Heller | March 1, 2018
Read More
U.S. Household Debt Reaches Record $13.15T
The Economy

U.S. Household Debt Reaches Record $13.15T

“The current debt level is still manageable and is likely to grow further this year,” one economist says.
By Matthew Heller | February 14, 2018
Read More
New Home Sales Post Sharpest Drop in 2 Years
The Economy

New Home Sales Post Sharpest Drop in 2 Years

The 11.4% decline in April may only be a temporary correction as the underlying housing market remains strong.
By Matthew Heller | May 23, 2017
Read More
Household Debt Continues Slow Climb
Risk

Household Debt Continues Slow Climb

U.S. consumers continue to enlarge their balance sheets with automobile and credit card loans, as well as mortgages.
By Vincent Ryan | August 10, 2016
Read More
Fed Finds Banks Are Tightening on C&I Loans
Investment Banking

Fed Finds Banks Are Tightening on C&I Loans

A less favorable economic outlook had some banks tightening standards for commercial and industrial loans in July, said the Federal Reserve.
By Vincent Ryan | August 2, 2016
Read More
Banks Easing Standards for Household Loans
Equipment Financing

Banks Easing Standards for Household Loans

Banks moderately eased underwriting standards for some mortgages and auto loans in the fourth quarter of 2015 but tightened on C&I loans.
By Matthew Heller | February 2, 2016
Read More
Quicken Loans Founder Accuses Feds of ‘Witch Hunt’
Risk & Compliance

Quicken Loans Founder Accuses Feds of ‘Witch Hunt’

Dan Gilbert fires back at the Justice Department over lawsuit regarding the underwriting of Federal Housing Administration mortgage loans.
By Matthew Heller | April 27, 2015
Read More