A TransUnion analysis of consumer loan data finds that residential home loan delinquencies have risen for five straight quarters, with 3.23% of borrowers being at least 60 days behind on their mortgage payments in the first quarter. This was up 62% from the level recorded in the first quarter of last year, TransUnion said. States with the highest 60-day delinquency rates in the TransUnion data were Nevada and Florida. On the bright side, Keith Carson, a senior consultant in TransUnion's financial services group, said the quarter-to-quarter increase was smaller than that of the fourth quarter.
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The lender, which has fought the nonpayment accusations since 2020, will give over $3.8 million to over 200 past and current employees involved in the case.
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A dividend cut is what some feel likely to be next for UWM, in order to reduce leverage levels which are well above competitors Rocket and Pennymac
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Gen Z, whose oldest members turned just 29, represented nearly a third of all first-time home buyer loans, according to ICE's latest Mortgage Monitor report.
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The private student loan market figures to benefit from Republican-led changes to the much larger federal program. But other consumer lenders could face a fallout as more Americans are forced to reconsider which debt payments to prioritize.
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Recent signals indicate this could be on the horizon and potentially add new value to a Fannie Mae/Freddie Mac stock offering, a Seeking Alpha analyst wrote.
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Three Western states rank most unaffordable compared to income, while those in Midwest and Southern states have more leeway in their budgets for homeownership.
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