Climbing interest rates are taking their toll on the number of consumers in the market for new home mortgages. Mortgage applications for new homes are down 25 percent year over year. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Student debt in serious delinquency — 90 or more days — rose to 9.1 percent in the third quarter from 8.6 percent in the previous quarter — the biggest jump in seven years. Get the Full Story Complete the form to unlock this article and...
The Federal Deposit Insurance Corporation (FDIC) announced that it is has issued a request for public comments related to small-dollar lending by financial institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
After a record $56 billion bailout — and interest rates that are now close to 70 percent — loans rates are down in Argentina. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Wells Fargo said Tuesday (Nov. 6) that an underwriting error internally prompted it to reject home loan modifications, which resulted in the bank foreclosing on more homes than planned. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Moody’s said in its latest reading of the “pulse of the consumer” that in viewing the charge-off rate, growth had slowed among the largest U.S. banks to 10 basis points in the third quarter. Get the Full Story Complete the form to unlock this article...
HSBC Holdings announced that it is teaming up with online lender Avant to offer unsecured loans to consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
OnDeck Capital has created a unit that will provide technology and services for banks lending to small businesses over the internet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The number of peer-to-peer lenders in China is projected to decline greatly to around 50 from more than 1,500 during the course of the next year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
