FHA loan approval was revoked for two lenders in several markets after defaults spiked, with possible reinstatement after six months.
With over a dozen credit cards and millions of credit card points racked up, Nancy Jiang condenses the complex world of card-churning for maximum rewards with minimum effort. Her work has been ...
The share of consumers taking out the riskiest form of loans has reached its highest peak this decade, a sign of growing financial stress for many Americans. The share of consumers taking on subprime ...
Since the housing crisis began over a decade ago, subprime mortgage loans basically disappeared – thanks to regulatory actions from government and self-preservation for both lenders and borrowers. The ...
Subprime auto loan deliquencies have hit an all-time high, surpassing even the financial crisis of 2008, reflecting growing consumer financial strain. Prime loan defaults, however, remain below crisis ...