So far, homeowners are resisting cashing out.
Donald Layton on the U.S. housing market 10 years after the financial crisis.
The House of Representatives Tuesday approved a bill that dials back some of the banking regulations put in place after the financial crisis. Among other things, it raises the threshold for which banks are considered to be big (“systemically important…
App-based lenders, like Rocket Mortgage, are getting more and more powerful.
Economists look back on the 2008 financial crisis and the changes in banking regulation that have occurred since.
Lessons learned from the Divided Decade.
Functioning like unregulated banks, there is little cushion against failure.
Since July, people have moved about $60 million to these institutions.
Current household debt in the U.S. is at just about $12.6 trillion, according to the Federal Reserve Bank of New York. That’s how much we’re all taking out in loans. It’s 1 percent shy of the 2008 record. Mortgages still…
While banks make loans to those with extraordinary credit, these companies take on more risk.