Business

August 29, 2018

Americans Have More Debt Than Ever Before

According to the Federal Reserve Bank of New York’s Center for Microeconomic Data, increases in mortgage debt, auto loan debt, and credit card debt have resulted […]
August 27, 2018

Overhaul Boosts Consumers’ Credit Scores

According to a recent Federal Reserve Bank of New York study, American consumers, (especially those with low credit scores) appear to have benefited in recent quarters […]
August 24, 2018

Americans’ Biggest Financial Worry is Retirement Savings

Saving for retirement is Americans’ biggest financial worry, according to a survey by Bankrate.com. Younger Baby Boomers, those between the ages of 54 and 63, and […]
August 22, 2018

Americans Making Progress Paying Down Debts

According to the American Bankers Association, the percentage of people who are delinquent on their debts (30 days or more overdue) hit 1.73% in the first […]
August 21, 2018

American Lost $70,000 in the Financial Crisis

America never made up the growth it lost in the 2008 global financial crisis and the recession it triggered. A decade later, U.S. households are still […]
August 20, 2018

Mortgage Defect Risk Improves in Almost All States

The rate of mortgage defects was down by more than 8% year-to-year during the month, according to First American Financial Corp.’s Loan Application Defect Index. Among […]
August 16, 2018

Payments Fraud Still Major Challenge for Banks

Payments fraud hit a record high in 2017, with 78% of all organizations affected, according to a report from the Association of Financial Professionals and J.P. […]
August 15, 2018

CMBS Delinquency Rate Reaches a New Low

The 30-plus-day CMBS delinquency rate reached a new post-crisis low in July, at 3.81%, according to research firm Trepp LLC. The figure represents a 168-basis-point decline […]
August 13, 2018

Mortgage Default Risk Climbs Steadily

The risk of mortgage defaults reached its highest point since the second quarter of 2015 as lenders loosen credit, according to VantageScore.  With mortgage rates trending […]