The New York Feed SCE Credit Access Survey highlighted how difficult it is for sections of the country to have access to credit. The average reported probability that a loan application will be rejected increased for all loan types except mortgage applications. In a time where there is uproar of the bailing out of the wealthy end with the collapse of Silicon Valley Bank and Signature Bank the disparity is evident. The application rate for mortgage refinancing declined to 4.9 percent, … Continue reading “Before the Banking Crisis Americans Access to Credit Hardest Since 2014”