Key insight: In research published Tuesday, the New York Fed explored the question of how the end of pandemic-era forbearance on student loans may negatively affect other consumer-lending segments. Supporting data: Of the borrowers who defaulted on their student loans in the first quarter of this year, 40% were also delinquent on auto loans, and […]
Late student-loan payments are rising. Is a domino effect coming? Read More »
The nation’s housing market is settling into a “more sustainable equilibrium,” according to real estate analytics firm HouseCanary. Processing Content More homes nationwide went under contract in April compared to the same time last year, while the median closing price was up over 5% in the same timeframe, the firm reported this month. Inventory growth,
Housing market approaching equilibrium: HouseCanary Read More »
Mortgage credit availability decreased in April, even though rates fell in three consecutive weeks during the month. Processing Content The Mortgage Bankers Association’s Mortgage Credit Availability Index declined 0.4% to 107.9 in April, it reported Tuesday. The index reached 108.3 in March after a 1.1% gain, the highest mark since August 2022. “After three months
Mortgage credit availability drops for first time this year Read More »