Government

December 11, 2019

Mortgage Delinquencies Drop to 25-Year Low

The share of U.S. homeowners who were late paying mortgages fell to an almost 25-year low in the third quarter as a strong labor market helped […]
November 21, 2019

Mortgage Demand Increased in 3Q

The Federal Reserve’s Senior Loan Officer Opinion Survey showed more demand for consumer credit and mortgages in the third quarter and a softening in demand for […]
November 15, 2019

Two-Thirds of Adults Fear a Recession in 2020

Whether a recession is on the horizon or not is anyone’s guess.  However, according to the latest CNBC Invest in You survey, two-thirds of respondents think […]
November 14, 2019

Mortgage Lending Will Boom, Then Plunge in 2020

The boost from lower interest rates that’s driving origination volume will continue into the first six months of 2020.  But according to the Mortgage Bankers Association, […]
November 1, 2019

Two Forces Re-shaped Housing Affordability in 2019

In August, home prices fell 1.3%, declining 5.9% year over year, according to First American’s Real House Price Index. According to First American’s data, unadjusted house […]
October 30, 2019

Small Business Lending Strong but Slowing

Volume in the Small Business Administration’s flagship lending program fell for the second straight year as more borrowers qualified for conventional loans. Lenders made $23.2 billion […]
October 29, 2019

Fewest Foreclosure Filings in 14 Years

According to a recent report from Attom Data Solutions, there were a total of 143,105 properties with foreclosure filings (default notices, scheduled auctions or bank repossessions) […]
October 15, 2019

US Household Finances Show Signs of Trouble

US consumers are finding it increasingly difficult for their incomes to comfortably cover all expenses. This could mean that some will be unable to repay their […]
October 8, 2019

Consumer Credit Climbs Higher Than Expected

U.S. consumer credit increased more than forecast in August as school loans and other non-revolving debt rose by the most in three years. Total credit climbed […]