A record number of tenants and homeowners — 32 percent — missed some or all of their rent or mortgage in July, according to Apartment List, the San Francisco platform that connects renters and listings. Get the Full Story Complete the form to unlock this...
Minnesota’s Mall of America, one of the nation’s largest shopping centers, missed its third payment on its $1.4 billion mortgage, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Trouble may be brewing in the key auto finance sector in the months ahead amid the economic fallout from the coronavirus, despite a drop in loan delinquency rates in the United States in the first quarter, a new report by credit agency Experian finds. Get...
The pandemic has decimated top and bottom lines for firms across virtually all verticals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Amid the pandemic, banks have “frozen” at least $150 billion of loans – equating to about 5 percent of their consumer portfolios. The question becomes: What happens when the freeze thaws and lenders try to get paid? Get the Full Story Complete the form to unlock...
As lenders provide relief for homeowners from the financial challenges of COVID-19, the number of mortgages on temporary postponement increased to 8.16 percent as of May 10, up from 7.91 percent in the prior week, according to the Mortgage Bankers Association’s (MBA) Forbearance and Call...
The College of William and Mary, hoping to court new applicants even as a financial crisis grips the world, has announced a rollback of the 3 percent tuition increase it previously put in place due to the coronavirus pandemic, according to CNBC. Get the Full...
Household debt has risen substantially in 2020 thus far, shooting up to $14.3 trillion, a number bypassing the height of the Great Recession by $1.6 trillion, according to a CNBC report that cited the New York Federal Reserve. Get the Full Story Complete the form...
To fight the coronavirus pandemic, the U.S. government said it is planning to borrow $2.99 trillion in the second quarter this year, a record number, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
