N.Y. Fed: Credit Approval Rates Rise in 2019
Individuals who have applied for credit reported higher approval rates in 2019 than in 2018, according to the Federal Reserve Bank of New York’s latest Credit Access Survey released today.
Browsing: Auto lending
Household Debt Continues to Increase
Outstanding household debt increased by 0.7% in the third quarter of 2019, rising by $92 billion to land at $13.95 trillion, the Federal Reserve Bank of New York reported today.
Household Debt Continues to Climb
Outstanding household debt increased by 1.4% in the second quarter of 2019, rising by $192 billion to land at $13.86 trillion, the Federal Reserve Bank of New York reported today.
Making Your Auto Loan Business Go the Distance
Car loans are a commodity. You’ve got to be sharper than everyone else around you if you want to build more opportunities for your business. Consider these ways to help you win more loans and deeper relationships with customers.
Banks Report Stronger Residential Mortgage Demand
The second quarter saw substantially stronger demand for residential mortgage loans, according to the Federal Reserve’s latest senior loan officer opinion survey released today.
What—and Who—Is Driving Delinquencies in Auto Loans?
With high quality loans and low delinquencies, banks are positioned well to handle a slowdown in the auto lending market.
Household Debt Continues Up
Outstanding household debt increased by 0.9% in the first quarter of 2019, rising by $124 billion to land at $13.67 trillion, the Federal Reserve Bank of New York reported today.
Podcast: M&A Tips from a Fast-Growing Bank
On the latest episode of the ABA Banking Journal Podcast, United Bankshares President Rick Adams talks about United Bank’s experience with M&A and offers tips on providing quick and candid communication in the merger process.
CFPB Flags Mortgage Servicing Issues in Latest Supervisory Highlights
The Consumer Financial Protection Bureau today issued a “Supervisory Highlights” report focusing on recent examiner observations of several bank products or business lines, including auto loan servicing, deposits, mortgage servicing and remittances.
Banks Project Tighter Loan Terms, Standards in 2019
Modest net percentages of banks tightened terms and standards for business loans in the previous quarter, with standards for the most part remaining unchanged, according to the Federal Reserve’s latest senior loan officer opinion survey released today.