Despite a recent dip, U.S. loan delinquencies are on a steady downward slope, according to Black Knight Financial Services.
In August, the delinquent loan rate dropped 18.22%, compared to the same time last year, which is the largest decline since May 2011.
At the same time,
Prepayment rates dropped 15.11% month-to-month, but have increased by 11.47% since last year. Meanwhile, foreclosure starts grew to 80,500 in August, a 6.76% hike from July, but a 1.35% decrease from last August.
All of those surveyed by Wolters Kluwer for its May Blue Chip Economic Indicators report ruled out the possibility the Fed could raise short-term rates.
The allegations against New York's attorney general involve transactions that occurred over decades, but James called the charges political retaliation.
A 90-day pause on reciprocal tariffs between the U.S. and China boosted the near-term economic outlook for banks, but tensions and uncertainty around trade barriers remain high.
April was a mixed bag for title companies, executives said on earnings calls, but some are expecting a stronger market the rest of the year.
Federal Reserve Gov. Adriana Kugler said in a speech in Dublin that trade barriers could soon affect prices and slow down growth while increasing uncertainty in 2025.
The Consumer Financial Protection Bureau issued a policy directive rescinding scores of standing guidance documents, interpretive rules and advisory opinions in a bid to reduce compliance costs.
