Fresh Today

Fresh Today

NEW YORK–A new analysis won’t come as a big surprise to many in credit unions, as it suggests a rise in delinquency rates from out-of-work consumers, less demand for house buying and tighter mortgage restrictions will lead to the U.S. market shrinking in 2020.

WASHINGTON–Buyers are coming back to the housing market much faster than expected. Demand kept mortgage application in the positive last week, up 0.3% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

NEW YORK–Many banks expect the Paycheck Protection Program to act as a major revenue source over the coming months, while also helping existing borrowers who are at risk of defaulting and driving up already heavy credit costs, according to a new analysis released by S&P Global Market Intelligence.