Banking

August 11, 2016

Holy Matrimony: Wedding Spending Averages $30K

It’s common knowledge that weddings are tough on the bank account – what you may not know, however, is just how much of a hit your/your parents’ funds […]
August 10, 2016

Delinquent FHA Loans Strain Mortgage Industry

An estimated 25% of all outstanding mortgages that were seriously delinquent at the end of the first quarter of this year were insured by the FHA, […]
August 9, 2016

Housing Recovery Still Far From ‘Normal’

Home sales rose to their highest level since before the financial crisis and were 25% higher than a year earlier, according to the Census Bureau.  But […]
August 8, 2016

Democrats and Republicans Differ on Housing

The Democratic and Republican platforms adopted at this year’s party conventions take a more forward-looking approach to housing issues than they did four years ago. But […]
August 5, 2016

Zombie Houses Still Haunt New Jersey Neighbors

A decade after the housing market began its slide into the worst downturn in generations, New Jersey still has about 4,000 homes left empty because of […]
August 4, 2016

Banks Tighten Auto Loan Standards

Bankers continued tightening credit for business loans and auto loans in the last three months while they continued to ease credit standards slightly in their home […]
August 3, 2016

Demand for Loans Inching Up; Standards Tighten

The July Federal Reserve Senior Loan Officer Survey shows that banks tightened standards on commercial and industrial (C&I) and commercial real estate (CRE) loans in the second […]
August 2, 2016

Commercial Mortgage Delinquencies Jump in June

Late payments on securitized commercial mortgages moved noticeably higher in June, as several large loans failed to pay off at maturity.  It was the fourth straight […]
July 29, 2016

Back to School: Get Schooled in Savings

The National Retail Federation’s 2015 Back-to-School Spending Survey found that families are planning to spend an average of $673.57 this year on clothing, electronics and school supplies […]