>lowering lending standards>lengthening loan durations https://t.co/wuw7sOe8AQNightingale Associates (@FCNightingale):Fannie Mae set to drop its 620 credit score minimum.Mortgage giant will instead use its own analysis of risk factors.Officials say they're easing barriers to borrowing."It's just the latest in a series of policy changes aimed at creating home ownership opportunities in the https://t.co/yvzcgr1YB1 ...

I'm sure you paid attention to the earnings from not only the alternative asset managers but also the big banks. Um we're seeing comments about tightening of standards. Is that a it sounds like it's a good thing, but what does that mean for generally the private credit industry space that you obviously are in.>> Yeah, look there there is talk about tightening of lending standards. It's not that obvious to me. The reality is that there has been a lot of money raised by private debt funds.There's a desperatio ...

SINGAPORE/LONDON (Reuters) -Shares in European and Asian financial stocks dropped on Friday following a rout in U.S. regional banking shares driven by worries about mounting risks and credit quality. The banking sector's exposure in two recent U.S. auto bankruptcies rekindled concerns about lending standards more than two years after Silicon Valley Bank's failure, when high rates drove paper losses on its bonds. European banks fell 2.6% in early trade, led by Deutsche Bank, off 5.8%, while Barclays was d ...

Debt Struggles Across Income Levels - Data indicates that many Americans struggle with basic financial management, despite perceiving themselves as knowledgeable [2] - Debt issues affect Americans across all income levels, not just lower-income households [3] - A key factor is when interest expenses exceed affordability, leading to financial distress [3] Deteriorating Consumer Debt Situation - The percentage of people making credit card payments less than the minimum required increased to 13% in August, up from 8% in the spring [4] - The share of borrowers consolidating credit card debt into personal loans doubled to 8% [5] - Late payments are rising, including those more than 90 days late, indicating financial strain [5] Factors Contributing to Debt Problems - Worsening employment conditions, sustained high inflation, and high interest rates are key drivers of increasing debt struggles [5] - Even creditworthy borrowers are showing signs of financial strain due to across-the-board increases in late payments [6] Lending Market Response - Lenders are tightening lending standards for car loans, home loans, and other consumer loans [7] - Consumer demand for loans is decreasing [7] - A significant portion of consumers are paying as much as $1,000 per month for car loans [8] Lack of Budgeting - 62% of people making $100,000 or more do not have a budget [9] - 20% of people making $100,000 or more are worried about being able to make their payments [9] - Negative credit card behaviors are consistent across income levels [10]

Market Overview & Economic Cycle - The market briefly hit a new high for NASDAQ, but lacked strong conviction near the close [1] - The market is considered to be in the middle of a market cycle, not a late-cycle bull market, as credit spreads are not blowing out and bankers are not tightening lending standards [2][4] - The economy is slowing down, which typically leads to policy easing [2] - A slowdown environment favors higher quality mega-cap stocks, which make up a large portion of the broad index [3] Catalysts & Policy - Policy easing and a reacceleration of leading indicators, along with improved sentiment, are needed for market broadening [4] - The current policy mix, including trade and Federal Reserve policies, is contributing to a below-trend environment [5] - The Federal Reserve's policy should be more accommodative given the slowing economy, with the Fed funds rate potentially needing to be 50 to 75 basis points lower [9] Corporate Performance & Reliance on Rate Cuts - Second quarter earnings growth showed 12% year-over-year earnings growth and 6% revenue growth, indicating a strong market [7] - The market is not overly reliant on rate cuts, as much of the capex is coming from free cash flow [12][13] - Smaller capitalization companies are more sensitive to rate cuts [8][13]