Economists say educating struggling borrowers about private-sector and government assistance could be the key to returning to pre-pandemic late-pay rates.
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Reports Project Positive Climate for Economic Growth
Two reports issued by the Wells Fargo Economics Group both point towards a positive climate for economic growth, albeit for different reasons. The first report followed FDIC loan performance, noting cyclical improvement in loan performance and a trend favorable for credit quality. The second report commented on underwriting practices.
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