Credit

May 25, 2017

First-Time Homebuyers Deterred by Misconceptions

The lack of knowledge around the home purchase process was cited by 39% of mortgage executives as the leading barrier keeping potential first-time buyers from entering […]
May 23, 2017

Household Debt Hits New Record

Household debt is topping its 2008 peak prior to the housing crash. Total household debt has risen to $12.73 trillion in the first quarter, the Federal […]
May 22, 2017

Switching Gears: Builders Turn to Starter Homes to Lure Millennials

First-time buyers are rushing to buy homes after a decade on the sidelines, promising to kick a housing market already flush with luxury sales into higher […]
May 19, 2017

American Households Spend 53% of Its Income On These Expenses

If there’s one fairly steady theme over the past couple of decades, it’s that consumers are saving less of their income and their household budgets are […]
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 […]