Business

July 25, 2017

Rate Hike Prevented 1 Million Americans From Paying Mortgage

A new analysis from TransUnion found that 10.6 million Americans could struggle to absorb their increased monthly payments after the Federal Reserve Board raised interest rates in December, however further examination showed only […]
July 21, 2017

Mortgage Credit Availability at Highest Level since 2016

Credit availability remained historically tight in the first quarter of 2017, but increased slightly from the previous quarter to the highest level since 2016.  The Housing […]
July 18, 2017

Reputation Survey: Regional Banks Rise to the Top

The 2017 survey revealed that the banking industry overall extended its multi-year reputation recovery among U.S. consumers, achieving a reputation score that qualified as “strong” (above […]
July 14, 2017

A Decade of Mobile Banking

On June 29, 2017, the iPhone turned 10 years old. Since the first iPhone was released in 2007, Apple has sold some 1.2 Billion phones and […]
July 13, 2017

Average Credit Score Hits All-Time High

Americans are seeing higher credit scores than ever as the average national FICO score reached an all-time high, hitting 700 for the first time ever.  FICO […]
July 12, 2017

Mortgage Risk Hits Highest Level in 2 Years

The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased in May to levels not seen since 2015, according to First […]
July 10, 2017

CMBS Delinquency Rate Jumps to 5-Year High

Trepp, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, released its June 2017 U.S. CMBS Delinquency […]
July 7, 2017

Digital Banks Take the Lead in Customer Satisfaction

Conventional wisdom once would have said consumers prefer a traditional bank with branches and humans while digital “direct” banks (those without branches) were only for rate […]
July 6, 2017

Consumer Delinquencies on the Rise

Delinquencies in both open- and closed-end loans rose in the first quarter of 2017, according to the ABA Consumer Credit Delinquency Bulletin released today.  The rise in […]