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Consumers are booking rooms at levels not seen since early 2020 and loan delinquencies have fallen sharply as a result. Still, business travel remains sluggish and new COVID variants are spreading, threatening the hotel industry’s recovery.
July 19 -
Identifying where payment stress is concentrated could help mortgage servicers and federal policymakers prepare for the broader range of loan workouts that will resume this summer.
July 8 -
It will be several years before business and group travel return to normal levels, according to an estimate from the American Hotel & Lodging Association.
July 7 -
Rebounding employment brought total forborne mortgages under 2 million, according to the Mortgage Bankers Association.
July 6 -
Private mortgage insurers can continue to hold less capital for forborne delinquent loans, which helps them potentially upstream payments to parent companies in the third and fourth quarters.
July 1 -
The numbers, which include payments suspended for pandemic-related hardships, could be a consideration in the possible further extension of moratoria federal regulators are close to making a call on.
June 23 -
The strength of the housing market helped to increase forbearance exits while minimizing new requests, according to the Mortgage Bankers Association.
June 22 -
About 20% of the pandemic-related delinquent borrowers are up for review by the end of June, which could lead to vast improvement or deeper financial strife, according to Black Knight.
June 18 -
Meanwhile, National MI has been increasing its new insurance written by slightly widening its credit standards.
June 11 -
But March's overall late payment rate was 1.3 percentage points higher than one year ago, while the 90-day-plus rate was 2.3 percentage points higher.
June 8