Gains from Loan Sales Spike, CC Delinquency Rates Fall

U.S. banks reported net gains of $1.69 billion on sales of loans and leases in the first quarter, a two-year high, according to S&P Global Market Intelligence. Analysts expect the trend, which was largely due to sales of student loans and mortgages, to continue during the second quarter. Be sure to check out the list of top-gaining banks during the first quarter on page 2. 

Another S&P post discusses how 30-plus-day delinquency rates for the six biggest credit card issuers fell for the fourth month in a row. 

I won't be posting a weekly news roundup this week in observance of Independence Day. I'll be back to our regular schedule next week. 

 

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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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