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Insurance claims and claims expenses were 503% above 1Q and 1,075% over 2Q19.
August 6 -
Credit card balances declined most sharply as consumers cut back their spending due to the coronavirus pandemic and associated shutdown orders, the New York Fed said Thursday. But delinquencies also fell across all debt categories, thanks to government and lender relief efforts.
August 6 -
While Black homeownership just rose to its highest level in 16 years, it's still the lowest of any racial demographic and 29 percentage points behind white people.
August 6 -
The agency said property owners can enter into new or modified forbearance plans if they have a hardship due to the coronavirus, but the landlords must agree not to kick out renters solely for nonpayment of rent.
August 6 -
Commercial real estate fundamentals improved in July, but the pandemic continues to affect development projects and is likely to remain a significant challenge for more than a year, according to a COVID-19 impact report by the NAIOP Commercial Real Estate Development Association.
August 6 -
So far, only Tulsa County has opted in, but the Indian Nation Council of Governments is working with officials across the state to get other counties on board.
August 6 -
The American Dream Down Payment Act would let states establish and manage accounts, which would be similar in structure to 529 college savings plans.
August 6 -
Deferrals on residential mortgages and home-equity loans have been a common theme at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup since the start of the coronavirus pandemic.
August 5 -
With year-to-date issuance at $51.7 billion, investor demand appears to remain strong despite economic headwinds of the pandemic.
August 5 -
The delinquent loan inventory more than doubled compared with the prior year.
August 5 -
An industry coalition wants to ensure borrowers who took out certain types of loans to fund their education aren’t locked out of access to historically low mortgage rates.
August 5 -
It may be a long time before corporate travel resembles anything close to normal. While most organizations keep their generic travel bans in place, which increasingly look likely to last for the remainder of the year, what are the predictions around restarting business travel in the near future?
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With over 4 million millennials entering prime home buying age each year through 2023, purchase activity will be driven much higher, according to Ellie Mae.
August 5 -
The common stock for the new parent of Quicken Loans is expected to start trading on the New York Stock Exchange on Thursday.
August 5 -
The Federal Reserve Racial and Economic Equity Act would direct the Fed to consider racial inequality in employment, income and access to affordable credit when making monetary policy and in its regulation and supervision of banks.
August 5 -
For years, there has been an expectation that markets and governments would figure out how to provide enough incentives for homeowners to make energy efficiency upgrades and environmental improvements. It hasn't happened yet.
August 5 -
Rates are forecasted to remain at the current low levels for the rest of 2020, driving steady refinance volume.
August 5 -
The company is competing with consumers looking for more space aided by record low mortgage rates.
August 5 -
For 32 years, the Bay Area city of Sausalito has used strict zoning restrictions to protect its scrappy industrial waterfront, banning both housing and offices in the 225-acre Marinship district, which stretches for about a mile north of downtown.
August 5 -
The company, which launched last fall, announced a partnership with an organization that aids military families.
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