Signs Point To Consumer Spending Slowdown
Borrowers pay down mortgage debt in December, shy away from buying new homes, analysis finds
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Tagged: mortgage credit
High-Income Borrowers Feeling The Credit Crunch
"White-collar consumers" experiencing financial strain, compounded by ongoing slump in white-collar employment.
Nov 26, 2024
Mortgage Application Rejections Hit Decade High
The average rejection rate for mortgage applications increased by 8.6 percentage points to 20.7% in 2024, well above the 2019 rate of 10.2%.
Nov 18, 2024
Delinquencies Jumped And New Credit Growth Stalled In July
Consumer credit utilization decreased to 51.6% down from the prior month, hitting a new four-year low.
Aug 27, 2024
Mortgage Credit Availability Index Increases In June
MBA releases report analyzing ICE Mortgage data
Jul 11, 2024
Fed Survey: Mortgage Application Rejection Rates Decline In 2023
Consumer credit preferences shift as households anticipate reduced demand for credit cards, mortgages, and auto loans in the coming year.
Nov 20, 2023
Mr. Cooper Group Faces $3.6 Million Settlement Approval In Class Action Over Unlawful Servicing Fees
Federal court grants preliminary approval for settlement alleging unlawful charges for mortgage payments made online or by phone.
Nov 14, 2023
N.Y. Fed: Led By Refis, Credit Demand Declined In 2022
Mortgage refinance application rates plunged from 21.4% in October 2021 to 8.9% in October 2022.
Nov 21, 2022
Fannie Mae Pilot Program Seeks To Help Improve Renters' Credit
Renters, including historically underserved groups, will benefit from paying on time each month.
Sep 27, 2022
Mortgage Lending Standards Tighten
Investors reduced offerings of ARM, Non-QM loans; HELOCs up slightly.
Sep 13, 2022