Business

November 2, 2018

New FICO Model Could Boost Millions of Credit Scores

Experian, FICO and Finicity announced a new credit scoring model that could expand credit access for millions of Americans.  The new model, UltraFICO, would look at […]
November 1, 2018

Weakening Credit Conditions Put Mortgage Lending at Risk

Credit ratings agency, Moody’s Investors Service, just released a report citing deterioration in overall loan quality in the mortgage lending market.  The analysts there think the […]
October 31, 2018

By the Numbers: Halloween 2018

Once again, Americans are looking forward to splurging on their favorite candy, costumes and decorations during the Halloween season. According to the National Retail Federation’s annual […]
October 30, 2018

What do Bankers Fear This Halloween Season?

By most accounts, the banking industry is in great shape. The economy is humming, last year’s tax break provided a boost to profits, and President Trump’s […]
October 22, 2018

Low Unemployment Rates Push Mortgage Defaults Lower

The mortgage delinquency rate fell to a 12-year low, with declines expected to continue as the unemployment rate stays down, according to CoreLogic. About 4.1% of […]
October 19, 2018

Recession Risk is Currently ‘Below Average’

The U.S. economic expansion is probably only in its middle stages, with the chances of a recession in the next three years at a “below average” […]
October 18, 2018

Hurricane Aftermath: The Impact on the Real Estate Market

Hurricane Michael made landfall Wednesday, ravaging the Florida panhandle and leaving significant devastation in its wake as wind gusts surpassed 150 mph.  The storm, which was just […]
October 16, 2018

Rising Rates, Lower Income Hurt Consumers’ View of Housing

The Fannie Mae Home Purchase Sentiment Index decreased slightly in September, falling 0.3 points to 87.7, reversing August’s increase. The dip can be attributed to decreases […]
October 12, 2018

Consumers Confidence Surges and Spikes Economy

The American consumer appears to be in good shape heading into the final quarter of the year, which includes the busy holiday-shopping season. Investors will be […]