Government

March 23, 2017

Justice Department Declares CFPB ‘Unconstitutional’

The case of of PHH Corporation vs. Consumer Financial Protection Bureau just took a turn that is simultaneously shocking and completely expected at the same time.  In a major reversal, the Justice […]
March 21, 2017

Student Loan Debt: A $1.3 Trillion Crisis

According to the New York Federal Reserve, U.S. student loan debt has soared to $1.3 trillion becoming the second highest consumer debt category, more than both […]
March 20, 2017

Consumer Sentiment Rises to New High

Consumer confidence rose in March as Americans were more satisfied than any time in 16 years with the current state of their finances and the economy, […]
March 16, 2017

Average Mortgage Loan Size Hits All-Time High

The average loan size for purchase mortgage applications hit an all-time high last week, according to the latest data from the Mortgage Bankers Association.  The MBA’s Weekly […]
March 15, 2017

Retirees Will Influence Future Consumer Spending

Major demographic shifts over the next decade will have a dramatic affect on U.S. consumer spending – which in turn will influence the overall economy, specific […]
March 9, 2017

Property Cash Sales to Hit Pre-Crisis Levels

While previous estimates showed cash and distressed sales hitting their pre-crisis marks in 2018 or even 2019, the newest report estimates that the market could see […]
March 8, 2017

Housing Confidence Reaches All-Time High

The Fannie Mae Home Purchase Sentiment Index (HPSI)  increased by 5.6 percentage points in February to 88.3, a new all-time high. The report found that 5 […]
March 7, 2017

New “Invisible” Cyber Threat for Banks

Malicious software, the type criminals use to steal online banking login credentials from customer or employee desktops, has been getting more stealthy and effective over time, […]
March 6, 2017

Are Automakers Creating the Next Financial Crisis?

The country’s auto debt hit a record in the fourth quarter of 2016, according to the Federal Reserve Bank of New York, when a rush of year-end […]