Economy

November 13, 2018

Lenders See Higher Cost of Fraud in 2018

The cost of fraud has increased in 2018 as the rise of digital lending brings unique fraud prevention challenges, according to the “True Cost of Fraud” […]
November 12, 2018

Veteran homelessness drops nearly 50% since 2010

After increasing last year, veteran homelessness decreased in 2018 and has plummeted since 2010; in some states, veteran homelessness has even been completely eradicated. Veteran homelessness […]
November 9, 2018

Credit Card Chips Fail to Halt Fraud

New chip-enabled credit cards, which were rolled out to U.S. consumers starting in 2015, were supposed to put an end to rampant credit card fraud.  So […]
November 7, 2018

Home Equity Lending is Poised to Soar

Home equity levels continue to rise, and all signs point to a market ripe for home equity lending, according to a recent report from consumer credit […]
November 6, 2018

Multifamily/ Commercial Mortgage Lending Hits New High

High property values and low mortgage rates pushed commercial and multifamily originations beyond their projected totals in 2017 to a new market peak, according to the […]
November 5, 2018

Mortgage Delinquencies See Largest Monthly Spike in 10 Years

Mortgage delinquencies surged in September, bringing the largest single-month delinquency spike in a decade, according to the latest First Look data report from Black Knight.  Mortgage […]
November 2, 2018

New FICO Model Could Boost Millions of Credit Scores

Experian, FICO and Finicity announced a new credit scoring model that could expand credit access for millions of Americans.  The new model, UltraFICO, would look at […]
November 1, 2018

Weakening Credit Conditions Put Mortgage Lending at Risk

Credit ratings agency, Moody’s Investors Service, just released a report citing deterioration in overall loan quality in the mortgage lending market.  The analysts there think the […]
October 31, 2018

By the Numbers: Halloween 2018

Once again, Americans are looking forward to splurging on their favorite candy, costumes and decorations during the Halloween season. According to the National Retail Federation’s annual […]