Business

December 21, 2016

Subprime Borrowers Have Stopped Paying Auto Loans

More Americans are behind on their auto loans, which is keeping some banking experts up a night.  Roughly 6 million individuals are at least 90 days late […]
December 20, 2016

Higher Rates May Cool Housing Market in 2017

Higher mortgage rates are expected to put a damper on the housing market’s potential along with home price appreciation next year, according to First American Financial […]
December 19, 2016

CMBS Delinquency Rate at Highest Level Since Dec. ’15

The Trepp CMBS Delinquency Rate continued to climb in November. The rate began to rise in March as loans from the 2006 and 2007 vintages started […]
December 13, 2016

The Cost of the ’12 Days of Christmas’ in 2016

Have you ever wondered how much each of those gifts mentioned in tune would cost your true love?  PNC released its annual Christmas Price Index and […]
December 12, 2016

FHA to Increase Loan Limits for 2017

The Federal Housing Administration will increase its national loan limit “floor” to $275,665 in 2017 from $271,050. This limit is set at 65% of the national […]
December 9, 2016

Mindful Money: Keep Your Holiday Spending in Check

The overflowing expectations around the holidays can entice us to spend more than we can afford. Not only do we have bills to face once the […]
December 8, 2016

Mortgage Credit Availability Continues to Climb

Access to mortgage credit continued its recent upward trend in November.  The Mortgage Bankers Association said that its Mortgage Credit Availability Index (MCAI), increased by 1.6% […]
December 7, 2016

Existing Home Sales Hit 9-Year High in October

Sales of previously owned homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month […]
December 5, 2016

A “New Normal” of Slow Growth Coming in 2017

The median estimate from economists surveyed by the National Association for Business Economics calls for the American economy to grow 2.2% in 2017, up from a […]