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Loans

Why do people think it's harder to get a loan now than a year ago?

by Justin Ho
Nov 9, 2021
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.
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Demand for bank loans isn't strong. Housing loans are the exception.

by Justin Ho
Oct 15, 2021
Consumers and businesses have used pandemic benefits to pay down loan balances.
While pandemic relief helped individuals and businesses pay the bills, demand for residential loans has remained strong this year.
Joe Raedle via Getty Images
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Revamped Chicago neighborhood loan program helps stabilize home values

by Natalie Moore
Sep 28, 2021
The Northwest Home Equity Assurance Program was originally created to help prevent white flight. The money sat unspent for years.
Brian Boyle in his backyard on Chicago’s Northwest Side.
Natalie Moore/WBEZ
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COVID-19

Despite more savings, American households still have a lot of debt

by David Brancaccio , Chris Farrell , Daniel Shin and Erika Soderstrom
Mar 19, 2021
Who's taking on debt for what reasons, and why paying it down is good for your financial and mental health.
Recent data from the Federal Reserve Bank of New York shows the overall amount of household debt increased steadily in 2020.
Chainarong Prasertthai via Getty Images
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COVID-19

Will borrowing get more expensive for consumers as the economy recovers?

by Amy Scott
Mar 5, 2021
Interest rates on 30-year mortgages have started climbing.
This week, Freddie Mac said the average interest rate for a 30-year fixed-rate mortgage climbed above 3% for the first time since July.
phototechno via Getty Images
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COVID-19

How one small business owner kept all his employees with revenue down 70%

by Reema Khrais and Andie Corban
Jan 18, 2021
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.
Angela Weiss/Getty Images
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COVID-19

Community banks are thriving. Bankers worry it won't last.

by Justin Ho
Dec 11, 2020
A recent FDIC report found that community bank profits rose last quarter, thanks to fee income from PPP loans and mortgage refinancing.
La Salle State Bank in Illinois outsourced management of its ATMs to save costs.
John Moore/Getty Images
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Why commercial lending fell last quarter despite low interest rates

by Justin Ho
Dec 2, 2020
The report found that bank lending volume fell in the most recent quarter, driven by decreases in commercial and industrial lending.
Johannes Eisele/AFP via Getty Images
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Reimagining the Economy

Student loan debt adds to racial wealth disparities, research finds

by David Brancaccio , Daniel Shin and Candace Manriquez Wrenn
Oct 27, 2020
The costs for Black borrowers to pursue a college have been growing exponentially.
Robyn Beck/AFP via Getty Images
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Fed looks to overhaul laws meant to make sure lower-income Americans have access to loans

by David Brancaccio , Candace Manriquez Wrenn , Erika Soderstrom and Alex Schroeder
Sep 22, 2020
The law is meant to demand that when banks take deposits from a particular area, they also make loans there.
The Federal Reserve building in Washington, D.C.
Chip Somodevilla/Getty Images
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