Business

September 17, 2019

FICO Scores Reach Record High

The average FICO score stands at 706, a record high, said Ethan Dornhelm, vice president of scores and predictive analytics at FICO. That compares with 686 […]
September 5, 2019

Back to School Spending 2019: By the Numbers

’Tis the (other) season.  As students start back to school and college, families are spending more than ever on school supplies.  “Consumers are in a strong […]
August 19, 2019

Foreclosure Activity Down 18% from 2018

Foreclosure reports are down 18% from a year ago, according to a new report from ATTOM Data Solutions.  This represents an 82% decline in foreclosures from […]
August 16, 2019

Consumer Debt/Economic Concern Raises Mortgage Default Risk

Mortgage default risk rose in the U.S. in Q1 2019 as a result of increased economic risk and borrower risk, according to the recently launched Milliman […]
August 7, 2019

Cost of Living in the U.S. Climbs

It keeps getting more expensive to live in the U.S., as new data shows that both rent and home prices are continuing to climb. Rent values […]
August 6, 2019

How Do Data Breaches Affect Auto Finance?

In the wake of Capital One Financial’s data breach, auto lenders should evaluate ways to tighten up cybersecurity and identify points of vulnerability. The breach compromised […]
August 2, 2019

Economists Predict 2020 Recession

This month, the United States set a record for the longest economic expansion.  However this is forecasted to end in 2020. According to a panel of […]
August 1, 2019

FICO Scores Jump to 3-Year High

The average credit score of borrowers who got all types of mortgages in June rose to 731, an almost three-year high, as a strong labor market […]