Credit

August 5, 2016

Zombie Houses Still Haunt New Jersey Neighbors

A decade after the housing market began its slide into the worst downturn in generations, New Jersey still has about 4,000 homes left empty because of […]
August 4, 2016

Banks Tighten Auto Loan Standards

Bankers continued tightening credit for business loans and auto loans in the last three months while they continued to ease credit standards slightly in their home […]
August 3, 2016

Demand for Loans Inching Up; Standards Tighten

The July Federal Reserve Senior Loan Officer Survey shows that banks tightened standards on commercial and industrial (C&I) and commercial real estate (CRE) loans in the second […]
August 2, 2016

Commercial Mortgage Delinquencies Jump in June

Late payments on securitized commercial mortgages moved noticeably higher in June, as several large loans failed to pay off at maturity.  It was the fourth straight […]
August 1, 2016

Homeownership Rate Declines to Lowest Since 1965

The homeownership rate fell to the lowest level in more than 50 years as rising prices put buying out of reach for many renters.  The share […]
July 27, 2016

Back to School: Families to Spend Billions More in 2016

For many families, getting ready to go back to school is not only a time-consuming process – it’s an expensive one.  The average family is expected […]
July 26, 2016

Banks Design Apps for Non-Customers

A couple of financial institutions have recently created mobile apps available to anyone as a way of engaging with people through their phones. The institutions are […]
July 25, 2016

July Consumer Sentiment Slides

A key measure of consumers’ attitudes was lower so far this month, as high-income consumers digested Britain’s surprise vote to leave the European Union.  The Index […]
July 22, 2016

4 Tips to Beat Elderly Financial Fraud

It’s not hard to sniff out how swindlers prey upon the elderly. They know they respond to mail, phone and front-door solicitations. Older people like to […]