mortgages

A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

Source: en.wikipedia.org

Young Adults Have Record Debt Surpassing $1T
Young Adults Have Record Debt Surpassing $1T
February 25, 2019  |  Debt

Americans between the ages of 19 and 29 ended 2018 collectively owing more than $1 trillion in debt, the highest level for young adults since...

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UK Mortgages, Credit Demand To Decline Pre-Brexit
UK Mortgages, Credit Demand To Decline Pre-Brexit
January 17, 2019  |  International

British lenders say that leading up to Brexit, they expect the largest drop in demand for credit cards and mortgages than they’ve seen in many...

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Experian: Loan Default Rates Rose In Dec
Experian: Loan Default Rates Rose In Dec
January 15, 2019  |  Economy

S&P Dow Jones Indices and Experian released data through December of 2018 on Tuesday (Jan. 15) that showed default rates across all loan types increased from...

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Consumer Lending In UK Declines Amid Brexit Uncertainty
Consumer Lending In UK Declines Amid Brexit Uncertainty
January 04, 2019  |  Brexit

The pre-Brexit decline in the U.K. economy is showing further signs as lending to consumers in the country increased at the slowest pace in close...

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

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...

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LendingTree: US Consumer Debt Approaching $4T   
LendingTree: US Consumer Debt Approaching $4T  
November 30, 2018  |  Debt

LendingTree said in its debt report for the month of November that based on recent holiday shopping and credit card spending, credit card balances will...

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

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...

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Online Lender SoFi Sees $12M Loss In Q3
Online Lender SoFi Sees $12M Loss In Q3
November 12, 2018  |  Earnings

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. The...

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Wells Fargo Found More Customers Who Were Wrongly Foreclosed
Wells Fargo Found More Customers Who Were Wrongly Foreclosed
November 06, 2018  |  Loans

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...

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