Planning to apply for a loan soon? You are in good company. In 2020, there were 22.7 million home loan applications, according to the Consumer Financial Protection Bureau. Meanwhile, Experian says auto loans grew to a record high of $ 1.37 trillion. So, there is a lot of lending going on. Your credit score and … Read more
NEW YORK – (BUSINESS WIRE) – KBRA assigns preliminary ratings to three classes of notes issued by FHF Trust 2022-1 (“FHF 2022-1”), a subprime auto loan asset-backed securities transaction. FHF 2022-1 will issue three classes of notes totaling $ 150.0 million. The transaction has initial hard credit enhancement levels ranging from 19.55% for the Class … Read more
Market Assessment as of Wednesday May 4, 10:30 pm In our Market Letter of May 2, we said that “Preservation Of Assets Should Be The Primary Objective At This Time” and we gave a list of four High Quality Speculative Stocks trading way off their highs… .Shopify (SHOP) 426.82, Snowflake ( SNOW) 171.44, Salesforce (CRM) … Read more
This has been a lousy year for growth stock investors. The iShares S&P 500 Growth ETF has tumbled a stunning 16% since the beginning of 2022. Rising interest rates meant to slow down runaway inflation were already making markets nervous about richly valued growth stocks. To make matters worse, Russia invasion of Ukraine unplugged both … Read more
Credit card balances up 3.0% from March 2019, but CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases. By Wolf Richter for WOLF STREET. Credit card balances ticked up 1.9% in March from February, not seasonally adjusted, to $ 1.036 billion, according to the Federal Reserve … Read more
On April 25, 2022, the Consumer Financial Protection Bureau (CFPB) announced plans to revitalize its authority to examine “nonbank” financial companies that pose risks to consumers. Though the CFPB has held this authority since its creation in 2010, the agency has rarely invoked it, leaving it largely “dormant.” The CFPB’s announcement marks a possible reversal … Read more
The US economy is in uncharted waters as its rapid recovery from the coronavirus recession runs into new obstacles. The April jobs report released Friday showed just how strong the economy has remained two years into a stunning comeback from the steepest decline since the Great Depression. The economy added 428,000 jobs, beating economists’ expectations, … Read more
Market Data Center North American Decentralized Finance (De-Fi) Market To Acquire Numero Uno Position By 2030 Pune, May 06, 2022 (GLOBE NEWSWIRE) – Decentralized finance uses cryptocurrency and blockchain systems to effectively manage financial transactions that include a slew of banking transactions. In the recent era, many trading, banking, and lending activities are proficiently handled … Read more
Please read the following discussion and analysis of our financial condition and results of operations together with the “Selected Financial Data” and our consolidated financial statements and related notes included under Item I, “Financial Statements” of this report on Form 10-Q. This discussion and analysis contains forward-looking statements. Please see “Forward-Looking Statements,” “Risk Factors,” and … Read more
Something scary is coming. It is already all around us, in fact. It is half-machine, half-man, and here to trick organizations into opening its doors and welcoming it in. It is… synthetic identity fraud! Okay, it’s not quite as dramatic as cyborgs, but these fraudulent identities — combining details from real people with made-up information … Read more