Citi made a minority investment in mortgage infrastructure provider Pylon. In addition, the companies are working together to provide Pylon customers with direct access to Citi’s institutional-grade products and rates by integrating the liquidity offered by Citi’s mortgage trading desk directly into the Pylon platform,...
Credit is getting harder to come by, especially for auto loans, mortgages and those with low credit scores. Amid an environment where lenders are tightening, borrowers are feeling discouraged. The Credit Access Survey released Monday (Nov. 18) by the Federal Reserve Bank of New York...
New government data shows American consumer debt continuing to grow. The Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report on Household Debt and Credit Wednesday (Nov. 13), showing a slight uptick in total household debt during the third quarter, up 0.8%...
The typical American homebuyer is older than ever before, National Association of Realtors data shows. The association’s 2024 Profile of Home Buyers and Sellers — the subject of a Bloomberg News report Monday (Nov. 4) — shows that the age of a typical homebuyer was...
November 20, 2024
Credit is getting harder to come by, especially for auto loans, mortgages and those with low credit scores. Amid an environment where lenders are tightening, borrowers are feeling discouraged. The Credit Access Survey released Monday (Nov. 18) by the Federal Reserve Bank of New York showed that demand — as in applications — was on […]
January 05, 2024
Traditionally, consumers rely on their primary financial institutions (FIs), such as banks or credit unions (CUs), for credit products like credit cards, mortgages, auto loans and personal loans. However, research...
March 22, 2022
The black swan events seem to be coming fast and furious: COVID-19. War in Europe. Inflation, touching torrid pacing that hasn’t been seen in 40 years. Paychecks are being stretched...
May 21, 2021
It’s a tough time to be a buyer in the housing market. The average price of a new home in 2020 was $389,400 U.S. dollars, and in 2021, it reached...
December 17, 2024
New York’s financial watchdog has proposed new measures governing nonbank mortgage lenders. The New York State Department of Financial Services (DFS) says this new regulation would ensure these lenders are supporting access to home loans in the communities they serve, especially in neighborhoods with low- and moderate-income residents. “Everyone deserves a fair shot at owning a home, regardless of […]
November 26, 2024
Citi made a minority investment in mortgage infrastructure provider Pylon. In addition, the companies are working together to provide Pylon customers with direct access to Citi’s institutional-grade products and rates...
November 13, 2024
New government data shows American consumer debt continuing to grow. The Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report on Household Debt and Credit Wednesday (Nov....
November 04, 2024
The typical American homebuyer is older than ever before, National Association of Realtors data shows. The association’s 2024 Profile of Home Buyers and Sellers — the subject of a Bloomberg...
