Household Debt Rises by $313 Billion in Second Quarter
Total household debt increased 2.1% in the second quarter of 2021, rising by $313 billion to land at $14.96 trillion, ...
Tag: Consumer lending
Business Recovery Drives Business Loan Demand, Eased Standards
As the small business recovery took off in the second quarter, a substantially larger share of banks reported easing standards ...
CFPB: Credit Applications Rebound to Pre-Pandemic Levels
Credit applications have largely rebounded to their pre-pandemic levels after a significant drop during the crisis, though there was substantial ...
ABA Data Bank: Explaining the Deposit-Loan Divergence
Bank lending is not keeping up with deposit growth. Here’s why.
Consumers Remain Resilient as the Economy Rebounds
While delinquency rates and other indicators of consumer financial stress may rise as COVID-19 support programs are phased out, most ...
Consumer Delinquencies Decline in First Quarter of 2021
Consumer credit delinquencies declined in the first quarter of 2021—following a rise the prior quarter—as the economy rebounded strongly, according ...
Banks See Rising Demand for Jumbo Mortgages as Broader Credit Market Stabilizes
Rising home prices in many U.S. markets appear to have pushed up demand for—and banks’ offering of—jumbo mortgage loans, according ...
Consumer Delinquencies Rise in Fourth Quarter of 2020
Consumer credit delinquencies rose in the fourth quarter of 2020, following two consecutive quarters of declines, as the pandemic-induced recession ...
The Science of Lending Leads: Mining Alternative Data in a New Mortgage Marketing Universe
Banks can become less reliant on third-party lead aggregators and reduce their cost of acquisition by better using what they ...
Fed Survey Shows Further Stabilization in Q4 Credit Practices, Demand
Loan demand and standards for lending continued to stabilize in the fourth quarter of 2020 after the economic freefall caused ...
