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Consumer Credit Originations Poised For More Growth In 2019
December 12, 2018

Thanks to low unemployment, growth in GDP and real disposable income, TransUnion forecasted that consumer credit originations and consumer balances will increase in 2019 for the lion’s share of credit products. At the same time, TransUnion said delinquency rates will likely decrease or remain flat,...

Loans
Razorpay Announces New Lending Marketplace For Quick, Collateral-Free Loans
December 10, 2018

B2B payments startup Razorpay announced the launch of Razorpay Capital, a lending marketplace offering both short-term working capital loans and long-term business loans. Integrated with the company’s existing dashboard, Razorpay Capital also provides quick settlements and collateral-free loans to its customers. “We always thought we...

Loans
Auto Sub-Prime Loans Reach Lowest Level In 11 Years
December 07, 2018

A new report has revealed that auto sub-prime loans have reached their lowest level in 11 years. According to Experian’s Q3 2018 State of the Automotive Finance Market report, sub-prime and deep sub-prime lending comprised 21.19 percent of the market, down 1.5 percent from a...

Loans
Mortgage Applications Rise 2 Pct As Home Loan Costs Fall
December 06, 2018

The Mortgage Bankers Association revealed that U.S. borrowers filed the most mortgage applications for both new purchases and refinancing in nearly two months. The news comes as 30-year home loan costs fell to their lowest levels since early October. The data shows that consumer requests...

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SoFi CEO Says Fed Rate Hikes Not A Threat
November 30, 2018

Anthony Noto, CEO of the financial company SoFi, said this week that his company is preparing for a landscape with higher interest rates, and that it favors quality over quantity, according to CNBC. “We have really strong risk controls,” Noto said in an interview with Jim...

Loans
Rising Interest Rates And The Changing Mortgage Market
November 27, 2018

Climbing interest rates are taking their toll on the number of consumers in the market for new home mortgages. Mortgage applications for new homes are down 25 percent year over year. They’re also taking their toll on the non-bank mortgage lenders that proliferated in the good...

Loans
Student Loan Delinquencies Rise To 9.1 Pct In Q3
November 18, 2018

Student debt in serious delinquency — 90 or more days — rose to 9.1 percent in the third quarter from 8.6 percent in the previous quarter — the biggest jump in seven years. In fact, the total debt held by Americans rose to $13.5 trillion...

Loans
FDIC Seeks Public Comment On Banks And Small-Dollar Loans
November 14, 2018

The Federal Deposit Insurance Corporation (FDIC) announced that it is has issued a request for public comments related to small-dollar lending by financial institutions. The Request for Information (RFI) aims to gather more information on the consumer demand for small-dollar credit products, as well as...

Loans
Loan Demand Shrinks In Argentina Post-Bailout
November 09, 2018

After a record $56 billion bailout — and interest rates that are now close to 70 percent — loans rates are down in Argentina. According to Bloomberg, President Mauricio Macri’s goal is to pull cash out of circulation, which would curb inflation and boost a...