Business

October 24, 2016

Consumer Delinquencies Hit New Low

Consumer delinquencies fell last quarter to their lowest point in at least 15 years, according to quarterly data released by the American Bankers Association (ABA).  The […]
October 21, 2016

New Home Mortgage Apps Rise 3% in September

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2016 shows mortgage applications for new home purchases increased 3% relative to September 2015. […]
October 19, 2016

Americans Fall Behind on Car Loan Payments

Subprime borrowers are falling behind on their car loan payments at the highest rate in more than six years, and some bonds backed by these loans […]
October 17, 2016

Existing Homes Fall to 7-Month Low

Contracts to purchase previously owned homes fell to a seven-month low in August, held back by a tight supply in the housing market, according to a […]
October 14, 2016

Presidential Candidates Need to Focus on Housing

Hillary Clinton and Donald Trump should face more questions about housing policy according to Fannie Mae CEO Tim Mayopoulos.  While Mayopoulos declined to endorse any political […]
October 12, 2016

Commercial Mortgage Delinquencies Begin to Rise Again

Late payments on securitized commercial mortgages reversed course in September and resumed a climb that began in March, according to Trepp.  The delinquency rate for U.S. […]
October 10, 2016

Home Loan Modifications on the Decline

Loan modification activity fell again on a monthly basis, but there are still several states where borrowers need assistance, according to the Hope Now alliance.  Hope […]
October 7, 2016

Making Gains: Rising Values Help Underwater Homeowners

About 548,000 U.S. homeowners regained equity in the second quarter, bringing the percentage of homes with positive equity to 92.9% of all mortgaged properties, or approximately […]
October 6, 2016

Household Income Grew 5.2% in 2015

Americans last year reaped the largest economic gains in nearly a generation as poverty fell, health insurance coverage spread and incomes rose sharply for households on […]