Credit

November 14, 2016

How Will Trump’s Win Affect the 2017 Mortgage Industry?

Rising interest rates will trigger a downturn in refinance activity in 2017, while purchase originations will rise, according to the Mortgage Bankers Association’s most recent industry […]
November 11, 2016

33% of Rehabbed Student Loans to Go Back Into Default

A new report by the Consumer Financial Protection Bureau, found that 1 in 3 student-loan borrowers with very low incomes who have “cured” a loan in […]
November 10, 2016

Has Auto Lending Lost Its Luster?

Regulators have been warning about frothy conditions in the market for automobile loans. But things had to hit close to home – shrinking loan yields and […]
November 9, 2016

Consumer Become Pessimistic on Economy/Housing

Home purchase sentiment fell for the third straight month in October, reflecting the uncertainty consumers face, according to Fannie Mae.  Fannie Mae reported that its Home […]
November 8, 2016

Election Day 2016: Facts & Figures

Many Americans will be heading to the polls at some point today to cast ballots on the first Tuesday after the first Monday of November. So […]
November 7, 2016

Mortgage Industry Offers Lackluster Support to Candidates

Democratic presidential nominee Hillary Clinton is far outpacing her Republican rival Donald Trump in campaign contributions from mortgage bankers and brokers, but the industry’s lackluster donation […]
November 2, 2016

Foreclosure Rate Falls to 9-Year Low

The percentage of foreclosed mortgages reached its lowest point in nine years, according to Black Knight Financial Services’ September First Look report.  The presale foreclosure rate […]
November 1, 2016

Banks/Retailers Need Protection Against Everyday Devices

Security experts fear the big cyberattack that debilitated Twitter, PayPal, Netflix, and dozens of other companies last week could be a precursor to a larger assault that […]