defaults

Banks ‘Kicking Can Down the Road’ on Commercial Property Loans

Banks ‘Kicking Can Down the Road’ on Commercial Property Loans
Banks ‘Kicking Can Down the Road’ on Commercial Property Loans
November 07, 2024  |  Loans

Double commercial property loan defaults are at their highest point in 10 years. Get the Full Story Complete the form to unlock this article and...

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Chinese Borrowers Barred From Mobile Payments Amid Record Defaults
Chinese Borrowers Barred From Mobile Payments Amid Record Defaults
December 03, 2023  |  Digital Payments

Millions of Chinese consumers have been barred from mobile payment apps amid record defaults. Get the Full Story Complete the form to unlock this article...

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US Lenders Expect Few Loan Defaults
US Lenders Expect Few Loan Defaults
June 08, 2020  |  Loans

U.S. lenders say they expect most borrowers who were given a temporary reprieve on loans due to income loss from the impact of COVID-19 will...

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OCC: Lockdowns Could Challenge Stability Of Banking System
OCC: Lockdowns Could Challenge Stability Of Banking System
June 02, 2020  |  Economy

Brian P. Brooks, Acting Comptroller of the Currency, said in a series of letters that some states’ long-term efforts to curb the coronavirus could lead...

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Banks Brace For Forbearance Program Expiry Dates
Banks Brace For Forbearance Program Expiry Dates
May 21, 2020  |  Loans

The time is almost up for people who got mortgage forbearance under the CARES Act, but banks can’t predict how many will default of the...

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Banks Prep For Wave Of Skipped Credit Card Payments
Banks Prep For Wave Of Skipped Credit Card Payments
April 26, 2020  |  Coronavirus

Banks are bracing for fallout as more people struggle to make credit card payments due to lost paychecks amid the coronavirus pandemic, according to a...

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Home Loan Defaults Could Decimate Mortgage Servicers
Home Loan Defaults Could Decimate Mortgage Servicers
March 23, 2020  |  Coronavirus

The Mortgage Bankers Association (MBA) is concerned that deferred and late mortgage payments due to lost jobs and reduced hours caused by the coronavirus could...

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As China’s Banks Encourage Loans, Default Fears Mount
As China’s Banks Encourage Loans, Default Fears Mount
March 23, 2020  |  International

More than 12 state-owned financial institutions in China are offering incentives to boost consumer lending despite an increase in the number of people defaulting, a...

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Debt Protection Costs Lowest Since Pre-Recession
Debt Protection Costs Lowest Since Pre-Recession
February 20, 2020  |  B2B Payments

Those looking to insure against some of the globe’s largest corporate borrowers are in luck: The debt protection cost has dropped to its lowest point...

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