Americans Kept Borrowing in First Quarter as New Mortgages Eased

New mortgage borrowing fell to $344 billion, the least since the third quarter of 2014, even as borrowing costs dropped.

By Matthew Boesler | May 16, 2019 at 08:03 AM

Americans continued to take on debt in the first quarter, though new mortgage borrowing slowed to the weakest level since late 2014, according to a Federal Reserve Bank of New York report.

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Banks Also Finding Weakness in Auto Lending

By Jim DuPlessis | July 19, 2024

Three large banks report originations were down 11% in the second quarter as credit union balances flatten.

Banks Also Finding Weakness in Auto Lending

Great Lakes Fills a Banking Desert in Chicago

By Jim DuPlessis | June 28, 2024

The Illinois credit union's elimination of a banking desert follows a pattern mapped by Fed researchers.

Great Lakes Fills a Banking Desert in Chicago

9 in 10 U.S. Workers Struggle With Basic Needs, Retirement Dreams Fading

By Alan Goforth | June 27, 2024

Further, two in three employees want the most support from their employers over the next three years in financial well-being.

9 in 10 U.S. Workers Struggle With Basic Needs, Retirement Dreams Fading

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