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February 19, 2021

A Potential Foreclosure Wave for 2021?

While analysts have expressed concern foreclosures could overwhelm servicers when forbearance ends, new data suggest that outcomes will be manageable in most areas. The foreclosure wave […]
February 19, 2021

Americans Left Banks Out of Borrowing Binge

Last year was a banner one for debt, but it didn’t look that way for big banks.  Large lenders saw their loan books shrink in 2020 […]
February 10, 2021

Mortgage Delinquencies Fall but Jobs Growth Necessary

While the number of distressed mortgages declined to a pandemic low in November, sustainable improvement won’t be made until the job market grows. “Forbearance and loan […]
September 10, 2020

Consumer Confidence Falls to 6-Year Low

The Conference Board Consumer Confidence Index fell to its lowest level since 2014 in August.  This is likely due to a combination of increased COVID-19 cases […]
June 8, 2020

Consumer Confidence is Shattered

Consumer confidence has collapsed amid the coronavirus pandemic and isn’t getting a lift from states re-opening their economies, according to a new report. A Morning Consult […]
June 8, 2020

Economy Will Improve but Remain Distressed

Following April’s record one-month decline, consumer confidence inched upward in May by an insignificant amount, according to the University of Michigan Surveys of Consumers. The Sentiment […]
June 8, 2020

The US Economy is in a Recession

Today, the National Bureau of Economic Research said the U.S. economy peaked in February, ending the longest expansion in U.S. history at 128 months, or about […]
June 8, 2020

Borrowers in Forbearance Begin to Decline

Black Knight, Inc. continues to monitor the impact of the COVID-19 pandemic on the U.S. mortgage market.  Black Knight tracks loan-level forbearance and performance data on […]
May 19, 2020

Serious Mortgage Defaults will Surge in 2021

After over two years of falling delinquency rates, the burgeoning unemployment following the coronavirus shutdown will bring a surge of outstanding mortgages, according to CoreLogic’s Loan […]