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.
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.
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.
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.
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."
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.
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.
Household Debt Continues Slow Climb
U.S. consumers continue to enlarge their balance sheets with automobile and credit card loans, as well as mortgages.
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.
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.