Employment

October 19, 2016

Americans Fall Behind on Car Loan Payments

Subprime borrowers are falling behind on their car loan payments at the highest rate in more than six years, and some bonds backed by these loans […]
October 18, 2016

High Rents and Student Debt Hinder Homeownership

Higher rental costs and student loan debt continue to prevent many Americans from purchasing a home, according to the results of a survey from NeighborWorks America.  […]
October 17, 2016

Existing Homes Fall to 7-Month Low

Contracts to purchase previously owned homes fell to a seven-month low in August, held back by a tight supply in the housing market, according to a […]
October 14, 2016

Presidential Candidates Need to Focus on Housing

Hillary Clinton and Donald Trump should face more questions about housing policy according to Fannie Mae CEO Tim Mayopoulos.  While Mayopoulos declined to endorse any political […]
October 13, 2016

24% of Housing Markets Less Affordable Than Norm

Homes were less affordable than their historic averages in 24% of U.S. markets as prices rose and wage growth slowed, Attom Data Solutions found in its […]
October 11, 2016

Low Rates Support Improving Housing Markets

Low interest rates are keeping the housing market strong even as affordability keeps declining, according to the latest Freddie Mac Multi-Indicator Market Index (MiMi).  July’s index […]
October 10, 2016

Home Loan Modifications on the Decline

Loan modification activity fell again on a monthly basis, but there are still several states where borrowers need assistance, according to the Hope Now alliance.  Hope […]
October 7, 2016

Making Gains: Rising Values Help Underwater Homeowners

About 548,000 U.S. homeowners regained equity in the second quarter, bringing the percentage of homes with positive equity to 92.9% of all mortgaged properties, or approximately […]
October 6, 2016

Household Income Grew 5.2% in 2015

Americans last year reaped the largest economic gains in nearly a generation as poverty fell, health insurance coverage spread and incomes rose sharply for households on […]