Financial Shockwaves: How Climate Disasters Are Reshaping Global Markets
The Unraveling of Risk Protection When State Farm and Allstate began withdrawing from California’s highest-risk wildfire zones, they weren’t just…
Tag: Mortgage loan
Goldman Sachs Faces Brain Drain as Veteran Credit Strategist Karoui Departs Amid Leadership Shifts
End of an Era at Goldman Sachs Goldman Sachs is losing another key strategist as chief credit strategist Lotfi Karoui…
UK Mortgage Defaults Drop for First Time Since 2022 as Financial Pressure Eases
UK lenders have reported the first decline in mortgage defaults since 2022, according to a Bank of England survey. The data suggests financial pressure on homeowners is easing as interest rates begin to moderate from recent highs.
Mortgage Defaults Show First Improvement in Three Years
UK mortgage loan defaults have declined for the first time in three years during the third quarter, according to a Bank of England survey that suggests financial pressure on homeowners is easing. Default rates on household secured loans reportedly dropped to minus 8.1 in the third quarter, down from 0.8 in the previous three months, according to the quarterly survey of banks and building societies.