Credit

May 17, 2017

Majority of Homes Priced Below Pre-Recession Peak

While many reports show that home prices in many markets surpassed their previous peak, Trulia’s new study shows this is just the average, and more homes than […]
May 16, 2017

Millions of Homes Still ‘Seriously Underwater’

Since the housing recovery began a few years ago, millions of homeowners have gotten their heads back above water due to rising home prices.  That said, […]
May 15, 2017

Bank Card Default Rate Increases, Auto Loan Defaults Down

The S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, shows the composite rate unchanged from last month at 0.94% in […]
May 11, 2017

Fannie Mae Changes Affect Borrowers With Student Loans

Fannie Mae has recently outlined changes in the way lenders can qualify potential borrowers who have student loan debt.  The policy change is designed to make it easier […]
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 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 3, 2017

Foreclosures Continue Descent but Some Cities Still Struggle

ATTOM Data Solutions recently released its Q1 and March 2017 U.S. Foreclosure Market Report, which shows first quarter foreclosure activity was below pre-recession levels nationwide and […]
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.  […]