One of the issues that many people have been concerned with during this recession is what happens when a bank is seized by the FDIC. This is a matter of concern because the recession saw quite a few bank closings, and there are still hundreds of banks still on the FDIC watch list for potential […]
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The Fed has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets.
Mortgage forbearances were down across the board in February, with the total number of loans currently in forbearance plans declining four basis points from January, according to the Mortgage Bankers Association. MBA reported Monday that 300,000 homeowners are in forbearance plans, representing 0.60% of servicers’ portfolio volume as of February 28. The improvement comes as … [Read more…]
Most distressed mortgages emerged from workouts intact in February but the chargeoff rates for auto loans and credit cards are up, in part due to steep housing costs that have contributed to high levels of household leverage. The majority or 76% of borrowers who completed post-forbearance workouts on distressed homes loans from 2020 on were … [Read more…]
After much delay Citi has finally launched a new travel portal powered by booking.com. Yesterday the portal went live and it’s an improvement on the old system (the old system was so terrible it would be difficult not to be an improvement). The portal is basically just a rebrand of booking.com and can be used […]
