Business

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 […]
June 27, 2017

Banks: Are There Too Many Cybersecurity Alerts?

Security alert overload, a source of frustration for bank security departments for some time, appears to have careened out of control.  A survey of bank security […]
June 23, 2017

All U.S. Banks Pass Stress Tests

For the second year in a row, all of the nation’s largest financial institutions passed their stress tests, meaning each company has enough capital on hand to […]
June 19, 2017

Home Flipping Volume Rises to 9-Year High

ATTOM Data Solutions’ Q1 2017 U.S. Home Flipping Report revealed that 43,615 single family homes and condos were flipped during Q1 2017, which was an 8% […]