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loans

A collection of 2 posts
wells fargo

Wells Fargo Plans to Offer 'Less Complex' Business for Minority Communities and More

Per Business Wire Wells Fargo recently announced that it plans to increase home loan availability to minority communities and other customers through its new strategic plans. The new move by the bank is trying to reduce the size of its portfolio. The bank is trying to reduce its Servicing portfolio
11 Jan 2023 1 min read
inflation

15-Year-High Interest Rates Result in Americans Sinking Deeper Holes with Poor Loan Terms

Per Bloomberg As interest rates reach a 15-year-high, Americans are now forced to agree to unfavorable loan terms. Almost a third of car buyers are now taking six- to seven-year loans to help them afford the purchase. Ludwig Institute for Shared Economic Prosperity economist Philip Cornell gave a statement regarding
27 Dec 2022 1 min read
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