Recession

August 20, 2019

U.S. Homeownership Tenure Reaches Record High

American homeowners are staying put longer than ever before, with the average tenure reaching a record high of 8.09 years in the second quarter of 2019. […]
August 19, 2019

Foreclosure Activity Down 18% from 2018

Foreclosure reports are down 18% from a year ago, according to a new report from ATTOM Data Solutions.  This represents an 82% decline in foreclosures from […]
August 16, 2019

Consumer Debt/Economic Concern Raises Mortgage Default Risk

Mortgage default risk rose in the U.S. in Q1 2019 as a result of increased economic risk and borrower risk, according to the recently launched Milliman […]
August 8, 2019

Most U.S. Markets Out of Reach for Would-Be Homebuyers

A good real estate agent might tell you that the general rule of thumb when buying a home is to follow a price-to-income ratio of 2.6.  […]
August 2, 2019

Economists Predict 2020 Recession

This month, the United States set a record for the longest economic expansion.  However this is forecasted to end in 2020. According to a panel of […]
August 1, 2019

FICO Scores Jump to 3-Year High

The average credit score of borrowers who got all types of mortgages in June rose to 731, an almost three-year high, as a strong labor market […]
July 31, 2019

Mortgage Delinquencies Spiked in June

While seasonal factors were attributed to the monthly rise in mortgage delinquencies for June, the jump was still much higher than last year’s fairly steady increase, […]
July 24, 2019

Loose Credit Standards Reach Post-Housing Crisis High

As purchase applications stalled this spring despite low mortgage rates, lenders continued to loosen credit standards in May, according to the Mortgage Bankers Association. Mortgage credit […]
July 23, 2019

Borrowers Better at Paying Mortgages

American homeowners are doing a fine job keeping up with their mortgage payments, a strong sign of a healthy, functioning economy. The latest report from the […]