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New York Fed Study Finds Rising Level of Loan Application Rejections

New York Fed Study Finds Rising Level of Loan Application Rejections

by Phil Hall | Jul 18, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Americans are facing an increasing level of rejection on their loan applications, according to data released by the Federal Reserve Bank of New York. In the New York Fed’s latest Survey of Consumer Expectations, the overall rejection rate for credit applicants was...
Q1 Household Debt Tops the $17 Trillion Level

Q1 Household Debt Tops the $17 Trillion Level

by Phil Hall | May 15, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. household debt passed the $17 trillion mark for the first time, according to data from the Federal Reserve Bank of New York. The newly published Quarterly Report on Household Debt and Credit reported a $148 billion (0.9%) increase to $17.05 trillion by the end of...
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