money mortgage-arrears 
PYMNTS
MAY 12, 2020
percent, the 30-year fixed rate mortgage set a new record last week, but there are factors weighing against millennials taking on mortgages. The payroll system has long been in need of an update, since it’s technologically possible not to make workers wait two weeks for money they’ve already earned.
BankUnderground
MAY 11, 2022
Mortgage payment holidays (PH) were introduced in March 2020 to help households who might have struggled to keep up with mortgage payments due to the pandemic. It allowed a suspension of mortgage principal and interest repayments for a maximum of six months, without affecting households’ credit risk scores.
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FICO
JANUARY 15, 2019
The toolkit can include measures such as arrears capitalisation, term extension, interest reduction or even a haircut on the outstanding balance. Concerns include the risk involved, “rewarding” customers who don’t perform, and “giving up” money that is contractually owed. Asking for More Can Be Expensive.
BankUnderground
AUGUST 23, 2023
In the March 2023 wave of the survey we asked respondents if anyone in their household owed any money, and if so how much, on BNPL products defined as: Buy now pay later agreements; where payment is deferred or split into instalments, often with no interest (eg Klarna, Clearpay, Monzo Flex, Instalments by Barclays etc).
FICO
JANUARY 13, 2022
At the same time, rising interest rates and continued uncertainty are likely to also push up private sector rents as buy-to-let mortgages become costlier. in the year to Oct 2021 (The Money Charity, Dec 2021). Stress on Creditors — Situational and Regulatory.
TheGuardian
JANUARY 18, 2024
Lenders forecast biggest quarterly increase in missed repayments on credit cards and loans since 2009 Business live – latest updates Britain’s biggest high street lenders expect the sharpest rise in defaults on unsecured lending since 2009, according to a Bank of England survey , as households come under growing pressure amid the cost of living crisis. (..)
TheGuardian
OCTOBER 6, 2022
Chancellor’s meeting with high street lenders comes amid mounting concern over fallout from rising loan rates High street bank bosses will tell the chancellor, Kwasi Kwarteng, that they have growing concerns over the state of the UK’s mortgage market when they gather at Number 11 Downing Street on Thursday. Continue reading.
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