Independent thinking for complex markets and current events
Many commercial real estate (CRE) loans are set to mature in 2025 and 2026, requiring refinancing for loans that were underwritten when interest rates were at historic lows in 2020 and 2021. As interest rates have significantly increased, the current landscape presents a daunting challenge for refinancing. This situation has raised alarms about the preparedness …
Many Americans are car poor. A recent Edmunds report found a disturbing trend: An increasing number of consumers with auto loans had negative equity, meaning they owe more on their vehicle than it’s worth — a lot more. As of the third quarter that ended Sept. 30, Edmunds said 24.2 percent of trade-ins applied toward …
Discrimination is the process of making unfair or prejudicial distinctions between people based on the groups, classes, or other categories to which they belong or are perceived to belong, such as race, gender, age, religion, physical attractiveness or sexual orientation. — GuidedByGeorge (@GuidedbyGeorge) October 14, 2024
US: Bank prime loans & NFIB short-term loan rates Soon to fall? 🤔 pic.twitter.com/SLE8afYmoM — Win Smart, CFA (@WinfieldSmart) October 9, 2024 “The most recent surveys by the NFIB show that business conditions are deteriorating quickly for smaller companies that create about 65% of the jobs in the US. I could show you a dozen …
https://www.reddit.com/r/wallstreetbets/comments/1ff6qe4/borrowed_300k_in_11_personal_loans_and_yolod_into/
C&I lending slowed down in tandem with residential lending during the 01′ Recession and Great Recession and didn’t recover for years. They’re connected/correlated markets. https://www.aei.org/carpe-diem/commercial-lending-has-almost-completely-recovered-from-the-great-recession-and-faster-than-after-2001-recession/ h/t Mrbumboleh
https://www.fdic.gov/system/files/2024-09/qbp.pdf Finra, a Wall Street regulator is understating Margin Debt by more than $4 TRILLION dollars, by not counting gigantic Meme Banks who make Margin Loans to Hedge Funds Most market watchers rely on the monthly margin debt figures published by Wall Street’s self-regulator, FINRA, as the reliable gauge in determining how much of securities …
By Pam Martens and Russ Martens: September 3, 2024 ~ The Office of Financial Research (OFR), the federal agency created after the 2008 financial collapse on Wall Street to defog the lenses of federal regulators to prevent a replay of that disaster, has posted frightening graphs on its website as part of its “Hedge Fund …
Just pandering for votes! pic.twitter.com/mrwPX09cPv — Donna Marie (@sabback) August 28, 2024 View post on imgur.com WASHINGTON — The Supreme Court on Wednesday rebuffed a Biden administration plea seeking to revive the latest plan to tackle federal student loan debt. The court in a brief order denied an emergency request filed by the administration seeking …
(The Center Square) – The California Senate passed a contentious bill to allow for undocumented immigrants to use the state’s zero-down, zero-interest home “loans” program despite national backlash following coverage of the bill’s looming passage. With 23 votes for and 11 votes against — including all nine Republicans and Democratic State Sens. Catherine Blakespear, D-Encinitas, …
Newsom must want to fast track bankruptcy? — floridanow1 (@floridanow1) August 26, 2024 🚨🇺🇸CALIFORNIA TO CONSIDER $150,000 HOME LOANS FOR ILLEGAL IMMIGRANTS California is close to approving a measure that would make illegal immigrants eligible for up to $150,000 in state-supported home loans for down payments. The "California Dream for All" program would provide… pic.twitter.com/0v7LSpR1Lq …
Off to the races! The Consumer Finance subindex reflects the number of intakes related to consumer finance issues such as billing disputes, auto repossessions and payday loans, as a share of total intakes across all areas of law. pic.twitter.com/CwtdHZLp8f — Darth Powell (@VladTheInflator) August 26, 2024 Electricity prices are up 📈 46% since January 2021. …
California’s Mortgage Support Scheme: The article discusses California’s AB-1840 bill, which aims to expand the existing California Dream for All program. This program provides assistance to eligible first-time homebuyers, including both U.S. citizens and immigrants. The bill clarifies that the definition of “first-time homebuyer” includes, but is not limited to, undocumented persons. Californians are reacting …
https://fred.stlouisfed.org/series/DRCCLACBS Large banks are doing better, although delinquencies have risen quite bit recently. Still concerning for the 4400 other banks. Delinquency transition rates for credit cards, auto loans, and mortgages increased slightly in the second quater of 2024, per the Fed. Over the last year, approximately 9.1% of credit card balances and 8.0% of auto …
Worries about the economy and a seemingly slow-footed response from the Fed, along with concerns over corporate earnings, dragged markets Monday. Put that against the backdrop of a stock market with high valuation, and it had all the makings of a sell-off waiting to happen. “It’s just a perfect storm of slowing growth, crowded positioning …
Even $2Tn deficits not working? — Chart Cruncher (@NaughtonPaolo) July 16, 2024 Consumer loans delinquencies are steadily marching higher Unemployment is creeping up Corporate profits are cooling off pic.twitter.com/CsTOmBbGlm — Win Smart, CFA (@WinfieldSmart) July 15, 2024 Trucking Employment Continues to Decline The latest data on trucking employment paints a concerning picture for the transportation …
The CBO fiscal budget releases have pointed to two write downs of EIDL loans in the past 13-14 months. https://t.co/JR3ZRjRkJI — Neely (@NeelyTamminga) July 10, 2024 What’s curious to me @FreightAlley is that most did not have to put up personal guarantees for the EIDL loan, unlike a typical SBA. Loans < $200K didn’t require …
Some Wall Street banks are quietly offloading their portfolios of commercial real estate loans, hoping to cut their losses. These actions stem from concerns that landlords of vacant and struggling office buildings may not be able to pay off their mortgages. The broader distress in the commercial real estate market is driven by high interest …
Let’s dive into the world of commercial real estate (CRE) loans and their current situation. CRE Loan Maturities in 2024: A Ballooning Challenge The portion of the $4.7 trillion in US commercial real estate debt that will come due this year has ballooned from $659 billion to $929 billion. These loans must be paid off through …
https://www.youtube.com/watch?v=WERFY50cJt4 The financial situation in the United States is experiencing a significant change as major banks are selling off assets at an unprecedented rate. This move is caused by the imminent commercial real estate crisis, bad loans, and high interest rates. This situation is not just a financial maneuver but a response to deep-seated issues …
Apple said on Monday that it has stopped issuing loans through Apple Pay Later, its buy-now-pay-later program that launched last year. The move comes after Apple said it would start allowing installment loans later this year in its Apple Pay checkout process through third-party companies, such as Affirm, and credit and debit cards from issuers, …
🚨BREAKING: Banking Stress Escalates – FED discount-window loans hit $6.46B for the week ended June 12th, up from $6.19B. – Significant increase signals rising stress in the banking sector. – Experts warn of increased reliance on emergency funding especially in regional banks pic.twitter.com/WmxBngnXM8 — The Coastal Journal (@1CoastalJournal) June 13, 2024 We did 🫣notice the …
The landscape of US commercial real estate (CRE) is facing unprecedented challenges, with prices plummeting 21% from their 2022 peaks. The latest figures reveal a staggering milestone: the US office vacancy rate has surged to a historic high of 19%, eclipsing levels observed during the financial crises of 2008 and 2020. To put it starkly, …
The FDIC Quarterly Banking Profile for the first quarter of 2024 provides insights into the financial health of FDIC-insured institutions. Here are some key points: Net Income: The banking industry rebounded in the first quarter, with net income increasing by 79.5 percent from the prior quarter. Community banks reported a quarterly increase of 6.1 percent in net income. …
Local banks are #Helldiving now. pic.twitter.com/o8yizsVYzg — David Macfarlane (@Ex_Verum) June 5, 2024
WASHINGTON (AP) — The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs. The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans. With the latest action, the administration said it has canceled $167 billion in student …
The surge in missed payments suggests that many households are experiencing financial distress akin to a recessionary environment, despite broader economic indicators. In a chilling turn of events, serious delinquency rates for auto loans have skyrocketed to 2.8% in Q1 2024, the highest since the aftermath of the 2008 financial crisis. This surge paints a …
In the financial landscape of commercial real estate (CRE), looming debt obligations signal a potential crisis, with nearly $929 billion in commercial mortgage loans set to mature by the end of 2024. This staggering sum, outlined in the Mortgage Bankers Association’s (MBA) 2023 Commercial Real Estate Survey, underscores the mounting pressure on America’s small- and …
The commercial real estate sector continues to experience elevated stress. The latest crack to emerge is the increasing number of delinquencies on multifamily mortgages. The borrowers who took out these loans typically used them to purchase multifamily complexes, intending to renovate and flip them at a profit. However, many are now struggling with their floating-rate …
Amid the housing market turbulence, forbearance programs are unraveling homeownership dreams as borrowers find themselves trapped in a vicious cycle of debt. With equity eroded and surprise liens looming, the reality of deferred payments is dawning harshly on many. 2) What this gentlemen describes is the status quo- "I don't have to pay it right …