Government

July 25, 2017

Rate Hike Prevented 1 Million Americans From Paying Mortgage

A new analysis from TransUnion found that 10.6 million Americans could struggle to absorb their increased monthly payments after the Federal Reserve Board raised interest rates in December, however further examination showed only […]
July 18, 2017

Reputation Survey: Regional Banks Rise to the Top

The 2017 survey revealed that the banking industry overall extended its multi-year reputation recovery among U.S. consumers, achieving a reputation score that qualified as “strong” (above […]
July 17, 2017

Underwater Mortgages Doing Swimmingly, at 11-Year Low

The number of underwater mortgage borrowers has fallen to below 2 million for the first time since 2006.  According to the recent mortgage report from Black […]
July 13, 2017

Average Credit Score Hits All-Time High

Americans are seeing higher credit scores than ever as the average national FICO score reached an all-time high, hitting 700 for the first time ever.  FICO […]
June 23, 2017

All U.S. Banks Pass Stress Tests

For the second year in a row, all of the nation’s largest financial institutions passed their stress tests, meaning each company has enough capital on hand to […]
June 14, 2017

Is the New Household Debt Record Cause for Concern?

Last month, the New York Federal Reserve reported that household debt across the nation has hit a dubious milestone in the first quarter: It surpassed the […]
June 12, 2017

Banks See Slower Loan Growth, Higher Charge-Offs

FDIC-insured banks reported that the pace of loan growth slowed in the first quarter and that charge-offs on loans to individuals increased. But banks still recorded […]
June 9, 2017

Beige Book: Slower Growth, Less Optimism

Economic growth slowed across parts of the U.S. in recent weeks, and some firms have become a bit less optimistic about the future, according to a […]
June 8, 2017

Foreclosure Activity Hits Post-Recession Low in April

ATTOM Data Solutions released its April 2017 U.S. Foreclosure Market data, which shows foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported […]