Recession

November 14, 2017

Housing Affordability Still Strong Despite Price Increases

Home prices continue to increase, yet affordability actually improved since July, according to the latest Mortgage Monitor report from Black Knight.  As of September, the average […]
November 9, 2017

FHA Loan Delinquency Rate Flattens

Closed-end loans continue to return to normal levels as overall consumer delinquencies remained steady and serious delinquency rates remained near the 10-year low.  However Federal Housing Administration […]
November 7, 2017

Are Some Cities Close to a Housing Bubble?

According to a recent report released by the Urban Institute, with home prices on the rise, some cities are inching closer to a housing bubble.  The […]
October 31, 2017

Halloween Scares Up Record Sales

This may not be good news for your waistline, but your sweet tooth might appreciate it: Halloween candy sales are crackerjack this year.  Halloween candy sales […]
October 25, 2017

Housing Confidence on the Rise; Renters Optimistic

The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 0.3 points in September to 88.3, matching the all-time high set in June. The rise can be […]
October 20, 2017

Banks Prepare for Credit Card Defaults

Credit card delinquencies increased for three consecutive months, adding to signs that consumers in the U.S. are having a tough time paying their debt.  According to recent […]
October 18, 2017

Credit Card Delinquencies on the Rise

Credit card delinquency rose for the third straight month in September, data from JPMorgan Chase & Co. and card issuer Discover Financial Services suggested.  The data […]
September 28, 2017

Mortgage Fraud Risk on the Rise

An estimated 13,404mortgage applications, representing 0.82% of all applications, filed during the second quarter contained indications of fraud, according to the Mortgage Application Fraud Risk Index released by CoreLogic.  […]
September 27, 2017

Homeowners Continue to Regain Equity

Homeowners with mortgages saw an overall gain of $766 billion in their home equity during the second quarter from the year-ago period, or an increase of 10.6%, according to […]