New data from the Mortgage Bankers Association (MBA) indicates a further decline in the number of mortgages in active forbearance. The MBA monthly loan monitoring survey found the total number of loans in forbearance at the end of March declined by 5 basis points to 0.55 percent of servicer’s portfolio volume.
Banking collapses and a weakened U.S. dollar have put a squeeze on many financial lenders, making it tough for smaller companies to find the working capital they need to stay afloat.
It will likely be several weeks before we know the Supreme Court justices’ view on mass student debt cancellation. But last week, the court allowed at least $6 billion in student-debt relief for roughly 290,000 borrowers to move forward.
A bipartisan bill filed in the state House and Senate that seeks to protect North Carolinians from financial ruin due to medical debt will be discussed Wednesday by senators.
America’s biggest banks are downplaying a massive spike in write-offs of bad consumer loans.As Bloomberg News reported Tuesday (April 18), the four largest banks in the country wrote off $3.4 billion in bad loans during the first quarter of this year, a 73% jump from last year.
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