WASHINGTON — The Trump administration upped its rhetoric on debanking again on Tuesday, this time targeting banks themselves rather than their regulators. President Donald Trump once again took aim at two of the country’s largest banks, JPMorgan Chase and Bank of America, and their chief executives, for what he framed without evidence as discrimination against […]
Trump changes tone on debanking, lays more blame on banks Read More »
Some loosening in mortgage underwriting contributed to the 8-basis-point quarter-to-quarter increase in the Milliman Mortgage Default Index. This measurement is an estimate of the lifetime serious delinquency rate, which Milliman defines as loans for which the borrower is 180 or more days late on their payments. It looks at loans acquired by the government-sponsored enterprises
Looser underwriting boosts serious default risk in 1Q25 Read More »
hand holding envelope with overdue bill- vector illustrationAdobe Stock Late-payment rates among U.S. households remained elevated in the second quarter of 2025, driven in part by another steep slide into serious delinquency by student loan borrowers. By the end of June, 4.4% of Americans’ total outstanding debt was in some form of delinquency, according to
More consumers are in delinquency as student loans sour Read More »