Wells Fargo said Tuesday (Nov. 6) that an underwriting error internally prompted it to reject home loan modifications, which resulted in the bank foreclosing on more homes than planned. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Moody’s said in its latest reading of the “pulse of the consumer” that in viewing the charge-off rate, growth had slowed among the largest U.S. banks to 10 basis points in the third quarter. Get the Full Story Complete the form to unlock this article...
HSBC Holdings announced that it is teaming up with online lender Avant to offer unsecured loans to consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
OnDeck Capital has created a unit that will provide technology and services for banks lending to small businesses over the internet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The number of peer-to-peer lenders in China is projected to decline greatly to around 50 from more than 1,500 during the course of the next year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Mortgage rates reached a high that hasn’t been seen in longer than seven years when they inched up close to 5 percent on Wednesday (Oct. 11), reported The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Goldman Sachs might be reining in its online lending platform due to concerns about the stage of the credit cycle and changes in market data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
With interest rates rising, auto lenders are reigning in their 0 percent financing deals that have become the norm over the past few years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Avant is best known among its financial services peers as a FinTech firm, founded to throw automation and an artificial intelligence (AI)-enhanced underwriting process at the problem of creating accessible, affordable personal loans for consumers. Since its founding in 2012, the firm has specifically distinguished...
