Credit

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 […]
October 31, 2016

A Treat for Economy: Higher Halloween Sales

Halloween spending is expected to top $8.4 billion this year, according to the National Retail Federation (NRF), the most since tracking began 11 years ago.  Its […]
October 24, 2016

Consumer Delinquencies Hit New Low

Consumer delinquencies fell last quarter to their lowest point in at least 15 years, according to quarterly data released by the American Bankers Association (ABA).  The […]
October 21, 2016

New Home Mortgage Apps Rise 3% in September

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2016 shows mortgage applications for new home purchases increased 3% relative to September 2015. […]