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As the holiday shopping season approaches, late payments on credit cards have surpassed their pre-pandemic levels, according to a new VantageScore report. The consumers showing signs of deterioration include not only subprime borrowers, but also those with prime credit scores.
October 31
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President Biden has directed government agencies to develop new rules on protecting privacy and security, preventing intellectual property theft, reducing bias and more in banks' use of artificial intelligence models.
October 31
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The lead attorney for plaintiffs filed a new complaint Tuesday against six more brokerages, seeking rule changes and damages for home sellers nationwide.
October 31
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The U.S. Department of Agriculture program should also allow existing manufactured home sales to be financed, they said.
October 31
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The cost of properties nationwide rose by 0.6% from July, according to the Federal Housing Finance Agency's monthly index.
October 31
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The acquisition of the mortgage servicer has costs, but it'll give the company offsetting efficiencies of scale, executives said in an earnings call Tuesday.
October 31
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The government-sponsored enterprise's net income was balanced by climbing interest rates, which drove a large increase in fair value gains.
October 31
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The top five cities have an average median residential price per square foot of $654.
October 31
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High interest rates and constrained inventory will take its toll on originations and securitization activity in 2024, the rating agency commented.
October 31
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The latest increase marks the seventh straight quarterly rise, per an Attom report.
October 31
