Economy

December 22, 2016

5 Housing Predictions for 2017

The housing market in 2016 was largely defined by two main trends: rising home prices nationwide and falling interest rates due to political events such as […]
December 21, 2016

Subprime Borrowers Have Stopped Paying Auto Loans

More Americans are behind on their auto loans, which is keeping some banking experts up a night.  Roughly 6 million individuals are at least 90 days late […]
December 20, 2016

Higher Rates May Cool Housing Market in 2017

Higher mortgage rates are expected to put a damper on the housing market’s potential along with home price appreciation next year, according to First American Financial […]
December 19, 2016

CMBS Delinquency Rate at Highest Level Since Dec. ’15

The Trepp CMBS Delinquency Rate continued to climb in November. The rate began to rise in March as loans from the 2006 and 2007 vintages started […]
December 15, 2016

Report Finds Many ‘Unscoreable’ Consumers ‘Creditworthy’

Many consumers without traditional credit scores are nevertheless creditworthy and could qualify for mortgages, according to recent research.  Millions of people considered unscoreable by conventional standards […]
December 14, 2016

Homeowners See Equity Rise 11%

The amount of equity homeowners hold grew by $726 billion, or 10.8%, in the third quarter of 2016 versus the year before, according to data from […]
December 13, 2016

The Cost of the ’12 Days of Christmas’ in 2016

Have you ever wondered how much each of those gifts mentioned in tune would cost your true love?  PNC released its annual Christmas Price Index and […]
December 12, 2016

FHA to Increase Loan Limits for 2017

The Federal Housing Administration will increase its national loan limit “floor” to $275,665 in 2017 from $271,050. This limit is set at 65% of the national […]
December 9, 2016

Mindful Money: Keep Your Holiday Spending in Check

The overflowing expectations around the holidays can entice us to spend more than we can afford. Not only do we have bills to face once the […]