Economy

August 29, 2018

Americans Have More Debt Than Ever Before

According to the Federal Reserve Bank of New York’s Center for Microeconomic Data, increases in mortgage debt, auto loan debt, and credit card debt have resulted […]
August 28, 2018

Foreclosures Drop to Lowest Level in 12 years

Mortgage delinquencies and foreclosure rates in the U.S. dropped to their lowest level in the past 12 years, according to the latest Loan Performance Insights report […]
August 27, 2018

Overhaul Boosts Consumers’ Credit Scores

According to a recent Federal Reserve Bank of New York study, American consumers, (especially those with low credit scores) appear to have benefited in recent quarters […]
August 24, 2018

Americans’ Biggest Financial Worry is Retirement Savings

Saving for retirement is Americans’ biggest financial worry, according to a survey by Bankrate.com. Younger Baby Boomers, those between the ages of 54 and 63, and […]
August 23, 2018

Student Loan Debt Statistics In 2018: A $1.5 Trillion Crisis

Student loan debt is now the second highest consumer debt category – behind only mortgage debt – and higher than both credit cards and auto loans.  […]
August 22, 2018

Americans Making Progress Paying Down Debts

According to the American Bankers Association, the percentage of people who are delinquent on their debts (30 days or more overdue) hit 1.73% in the first […]
August 21, 2018

American Lost $70,000 in the Financial Crisis

America never made up the growth it lost in the 2008 global financial crisis and the recession it triggered. A decade later, U.S. households are still […]
August 20, 2018

Mortgage Defect Risk Improves in Almost All States

The rate of mortgage defects was down by more than 8% year-to-year during the month, according to First American Financial Corp.’s Loan Application Defect Index. Among […]
August 17, 2018

Buying a Home is the Most Stressful Life Event

It’s no secret that buying a home can be a complicated and even confusing process – and now one survey showed just how stressful Americans say […]