Recession

May 23, 2018

Mortgage Delinquencies Improve But Face Pressure

Late payments on single-family home mortgages improved on a consecutive quarter basis as more recovery from Hurricanes Harvey and Irma took hold, but more potential loan […]
May 22, 2018

March Equipment Leasing Business Volume Up 18%

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for March was $9.1 billion, up 2% […]
May 16, 2018

Credit Card Usage Hits All-Time High

Credit card use is higher than ever, debt levels are their highest in years, and delinquencies have ticked up, according to recently released TransUnion data.  “With […]
May 15, 2018

Has America’s Debt Load Reached a Tipping Point?

Americans are having more trouble paying their bills these days. Consumer debt experts say this is a red flag that could foreshadow a more widespread economic […]
May 14, 2018

Low Delinquency Rates Signal a Healthy Economy

Despite an especially strong hurricane season last year, the national mortgage delinquency rate fell on an annual basis, signaling a healthier economy, according to CoreLogic’s Loan […]
May 7, 2018

Auto Loan Delinquencies Drive Higher

Auto loans to customers with subprime credit ratings (FICO scores below 620) are risky affairs. During good times and endless cheap money, the high interest rates […]
May 4, 2018

11% of Credit Scores Just Increased

Starting last month, some consumers may have noticed a higher credit score.  Because of improved standards for utilizing new and existing public records, the three major […]
May 3, 2018

Big Banks Stealthily Back Subprime Loans

Despite tough new regulations aimed at lowering risk for banks, large financial institutions continue to find a way to finance subprime loans.  Big Wall Street banks […]
May 2, 2018

Chapter 11 Bankruptcies are Up 63%

New Chapter 11 bankruptcies in the US spiked 63% year-over-year in March to 770 filings, the highest number of filings for any month since April 2011 […]