Business

May 9, 2017

Millennials’ Debt Load Could Weigh Down Economy

Millennials — 21 to 34-year-olds — hold an estimated $1.1 trillion of the country’s $3.6 trillion in consumer debt, according to UBS, as rising student and […]
May 8, 2017

Trump Mulling Two-Tiered Regulatory System for Banks

During a meeting of community bankers last week, Trump administration officials made it clear they favored a system with different rules for small and big banks.  […]
May 4, 2017

Renters Finally Turning Toward Homeownership

The homeownership rate has been on the decline ever since the peak of the housing bubble a decade ago.  However, last month, the Census Department said […]
May 2, 2017

Trump to Replace Top Banking Regulator

The Trump administration, looking to make its first major imprint on U.S. banking regulators, is preparing to replace Comptroller of the Currency Thomas Curry as chief […]
May 1, 2017

Home Sellers See Biggest Profits in a Decade

Homeowners who sold their property in the first quarter realized an average price gain of $44,000 since purchase, representing an average 24% return on the purchase […]
April 28, 2017

Subprime Student Loans Resemble Pre-Crisis Mortgage Loans

Millions of U.S. parents have taken out loans from the government to help their children pay for college … now a crushing bill is coming due.  […]
April 27, 2017

Millennials Warm Up to Homeownership

For the second year in a row, Bank of America has conducted its Homebuyer Insights Report, which explores the attitudes, behaviors and preferences of current homebuyers. […]
April 26, 2017

Over 40% Students Don’t Make School Loan Payments

More than 40% of Americans who borrowed from the government’s main student-loan program aren’t making payments or are behind on more than $200 billion owed, raising […]
April 25, 2017

Housing Confidence Dips in March

Americans came down off their confidence high in March as fewer say now is a good time to buy a home, according to Fannie Mae’s Home […]