Recession

February 18, 2020

New Business Volume Up 5% for 2019

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for December was $12.9 billion, up 2% […]
February 17, 2020

Credit Card Debt Rises to $930 Billion

Credit-card debt rose to a record in the final quarter of 2019 as Americans spent aggressively amid a strong economy and job market, and the proportion […]
February 14, 2020

Valentine’s Day Spending Sets New Record

It seems like the love for Valentine’s Day is growing every year.  National Retail Federations’ Annual 2020 Valentine’s Day Spending Survey, conducted by Proper Insights & […]
February 13, 2020

Commercial and Multifamily Lending Hits New Record

Despite a drop in multifamily loan volume, industrial, health care, office and retail originations pushed overall multifamily and commercial mortgage lending to unprecedented heights, according to […]
February 5, 2020

Homeownership Reaches Highest Rate Since 2013

The U.S. homeownership rate rose to a six-year high in the fourth quarter, led by gains among young people and low-income Americans. The nationwide rate was […]
February 4, 2020

Affordability Improves; Foreclosure Rate Hits 14-Year Low

With steady home price appreciation and falling interest rates, by some measures the shares of distressed mortgages existing in the market shrunk to record lows, according […]
January 14, 2020

Auto Loan Delinquencies at 8-Year High

The percentage of U.S. consumers who are late on their car loan payments has risen to its highest level in nearly eight years, according to new […]
January 10, 2020

Mortgage Rates Show Stability in 2020

If the first weekly Freddie Mac report of the year is any indication, there could be far less volatility for fixed mortgage rates in 2020 than […]
January 9, 2020

Foreclosure Starts Plummet to Lowest Level This Century

November’s foreclosure starts hit their lowest level since Black Knight started tracking this data in 2000, while the foreclosure rate reached a 14-year low. However, the […]