Banking

June 22, 2015

Foreclosure Activity Hits 19-Month High

US foreclosure activity reached a 19-month high in May as bank repossessions of homes continued to rise across the country. That doesn’t mean the housing market […]
June 19, 2015

Will Kids Raised During Recession Have a Fear of Credit?

It’s not very surprising that clients of Young Americans Bank, which focuses on kids and college-age adults, are afraid of credit. But the worry is that […]
June 18, 2015

Private Student-Loan Delinquencies are Declining

The Consumer Bankers Association praised banks’ discipline on managing credit quality for student loans after a report showed a drop in delinquencies.  Both early- and late-stage […]
June 17, 2015

Underwater Homeowners Still Drowning in Mortgage Debt

A decade after U.S. home sales peaked, 15.4% of owners in the first quarter owed more on their mortgages than their properties were worth, according to […]
June 16, 2015

U.S. Households Post Record Net Worth

The net worth of U.S. households and nonprofit organizations – the value of homes, stocks, and other assets minus debts and other liabilities – rose about […]
June 12, 2015

What to Buy This Month: June

If you’re thinking about what to buy in June, take comfort in knowing that the warm weather, wedding season, and hurricane season all bring discounts this […]
June 11, 2015

Americans' Housing Optimism Gains Momentum

Consumer attitudes about the housing market showed marked improvement last month, strengthening the case for a lift in housing activity this year, according to results from […]
June 9, 2015

Should You Close Your Credit Card Account?

If you’re no longer using a particular credit card, there are financial benefits to keeping it open – as long as it’s free. But if it’s […]
June 8, 2015

Homebuyers Know the Importance of Credit Scores

According to a recent survey from Experian Consumer Services, 95% of homebuyers are aware that credit scores play a significant role when purchasing a home, and those who know […]