Thursday, November 21, 2019
Despite having a $3B cash reserve in 2018, China continues to loan money from the World Bank to fund its domestic programs. It is still the top borrower from the Washington DC-based organization, with loans amounting to almost $2B each...
The number of people getting mortgages in Singapore is drastically falling. According to Bloomberg, house loans in the country reduced from a 4.2% growth in 2017 to a mere 1.9% in 2018. This is a huge contrast from 1998’s...
The fourth quarter results of regional banks in the US showed a robust domestic economy amid concerns of unsteady global markets, economic slowdowns in China, Europe and a global talks in trade. Business and credit card loans grew 6% at...
Student loan debt is pulling down the chances of young people to own homes over the past decade, economists at the Federal Reserve said. In a recently released paper, Federal Reserve researchers Alvaro Mezza, Daniel Ringo, and Kamila Sommer...
Climate change spurs a foreclosure crisis, which poses a threat to the mortgage industry, according to a mortgage expert. Extreme weather and other natural calamities are now occurring frequently. Ed Delgado, CEO of the Five Star, a national mortgage...
Earnings of pawnshops and payday lenders soared since the U.S. government shutdown started in December 2018. The shutdown, the longest in American history has denied the salary of hundreds of thousands of government employees and contractors. To make their ends...
Public protests are on-going at Beijing after the recent crackdown of 76% of China’s Peer-to-Peer (P2P) lending platforms, wiping out an estimated $217.96 billion funds from its investors. What started out as a promising venture, with its peak period...
Technology is currently transforming the U.S. lending industry, according to two of America's leading business research firms. Thanks to these advancements, borrowers are now getting the best experience when they are applying for loans. More Efficient Service According to a McKinsey...
Peer-to-peer (P2P) lending is set to be worth nearly $900 billion in 2024, according to a report by Transparency Market Research (TMR). TMR attributed the boom of the P2P lending industry on the advancement of technology, the aftermath of...
18In the past years, it seems that more and more Americans are keen on getting their own cars. According to Statista, auto loan balances in the United States from 2016 to 2018 increased from $1.005 trillion in the first...

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