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It isn’t happening now, but that could change in the economy starts trending down.
Business lending has been sluggish throughout the pandemic. But there are signs that commercial lending is starting to pick up again.
A New York Federal Reserve survey finds that peoples’ perceptions about loans have shifted, even though many are in relatively good shape compared to last year.
Consumers and businesses have used pandemic benefits to pay down loan balances.
The Northwest Home Equity Assurance Program was originally created to help prevent white flight. The money sat unspent for years.
Who’s taking on debt for what reasons, and why paying it down is good for your financial and mental health.
Interest rates on 30-year mortgages have started climbing.
Drew Dalzell, president of Diablo Sound in Los Angeles, took on half a million dollars in debt to keep his business afloat and staff working.
A recent FDIC report found that community bank profits rose last quarter, thanks to fee income from PPP loans and mortgage refinancing.
The report found that bank lending volume fell in the most recent quarter, driven by decreases in commercial and industrial lending.