Money

July 17, 2018

Foreclosure Filings Fall Nationwide

Foreclosures in the first half of 2018 are far below their peak of 1.6 million in 2010, but 40% of local markets showed an uptick in […]
July 13, 2018

Legal Speak: Debt Collection Dispute Goes to U.S. Supreme Court

The U.S. Supreme Court agreed to decide whether thousands of borrowers can invoke a federal debt-collection law when they are facing foreclosure.  The justices said they will […]
July 12, 2018

Mortgage Payments Biggest Financial Burden in a Decade

The share of median income needed for monthly mortgage payments on the median U.S. home increased to 17.1%, which is the largest share of income since […]
July 11, 2018

Small Business Loan Approvals Continue to Rise

Small business loan approval rates for big banks (25.9%) continued the upswing with yet another new high in May 2018, according to the Biz2Credit Small Business […]
July 10, 2018

Business-Loan Drought Ends for Banks

Preliminary second-quarter data from the Federal Reserve indicate the year-over-year growth rate of business loans rose to 5.5% in late June from less than 1% near […]
July 9, 2018

Equity Gains: U.S. Homeowners are $1 Trillion Wealthier

As house values continued growing, homeowners with mortgages, accounting for 63% of all properties, saw their equity increase 13.3% year-over-year in the first quarter, a gain […]
July 6, 2018

Housing Costs to Blame for Low Millennial Homeownership

The homeownership rate for adults age 25 to 34 was 37.5% in 2016, about three percentage points lower than the historical average for this demographic and […]
July 5, 2018

Commercial Real Estate, Multifamily Mortgage Debt Spikes

Commercial and multifamily mortgage debt outstanding grew $44.3 billion during the first three months of 2018, the largest first-quarter gain since before the Great Recession, according […]
July 4, 2018

Fourth of July: By the Numbers

Americans are expected to spend $6.9 billion on food for Fourth of July cookouts and picnics tomorrow, according to the annual survey released by the National […]