Economy

October 10, 2018

Foreclosed Home Values Appreciate Faster Than Typical Homes

According to a new report by Zillow, value of U.S. homes that were foreclosed on during the Great Recession are appreciating rapidly, up 10.3% over the […]
October 9, 2018

Can Smartphones Predict Creditworthiness?

A new study, released by the FDIC’s Center for Financial Research, said the data trails people leave online — even down to what brand of smartphone […]
October 5, 2018

How People Utilize Their Home Equity

The amount of tappable equity available to omeowners recently smashed records by surpassing $6 trillion. Recent data shows many Americans are holding back on accessing what […]
October 4, 2018

Mortgage Delinquencies Decline but Impact From Florence Looms

Mortgage delinquencies fell again in August, down 5.7% over the past two months. The U.S. mortgage delinquency rate dropped to 3.52% of all loans, down 2.43% […]
October 3, 2018

Refi Mortgages Rise for First Time in 2018

After taking an absolute beating this year, the refinance market just got its first ray of sunshine in 2018. According to Ellie Mae’s Origination Insight Report, […]
October 2, 2018

Commercial Debt Rises at Quickest Pace Since 2007

Commercial/multifamily mortgage debt grew at the fastest pace in 11 years during the first half of 2018.  According to the Mortgage Bankers Association, commercial and multifamily […]
September 28, 2018

Most Americans Have No Retirement Savings

The median retirement account balance among working-age Americans is zero, according to a research report by the National Institute on Retirement Security (NIRS), a non-profit research […]
September 27, 2018

Mortgage Rates Surge, at Highest Point Since 2010

Mortgage rates inched forward for the fourth consecutive week, according to Freddie Mac’s latest Primary Mortgage Market survey.  Freddie Mac Chief Economist Sam Khater said the […]