Recession

August 10, 2017

Consumer Borrowing Slows in June

Consumer borrowing slowed a bit in June from the torrid growth in the prior month, but continued at a solid pace, according to government data released […]
August 9, 2017

Homeownership Up From 50-Year Low

The U.S. homeownership rate climbed in the second quarter, a signal that the sharp downward spiral that began after the housing crash is finally reversing.  The […]
August 8, 2017

Small-Business Optimism Highest in 10 Years

Small business owners are more optimistic than they have been in a decade, according to a new Wells Fargo and Gallup small business survey.  The survey resulted in a Small […]
August 7, 2017

Consumers Grow Pessimistic About Future

Consumers grew slightly less optimistic in their future this July, however confidence levels remain historically high, according to the Survey of Consumers conducted by the University […]
August 3, 2017

Senior Home Equity Hits All-Time High

Senior homeowners saw an increase in their home equity in the first quarter of 2017, according to a report from the National Reverse Mortgage Lenders Association […]
August 2, 2017

Subprime Auto Defaults are Soaring

It’s classic subprime: hasty loans, rapid defaults, and, at times, outright fraud.  Only this isn’t the U.S. housing market circa 2007. It’s the U.S. auto industry […]
August 1, 2017

Small Business Borrowing Hits 2 Year High

Borrowing by small U.S. companies hit a nearly two-year high in June, driven by restaurants and hotels, PayNet Inc said on Tuesday, as businesses invested to […]
July 31, 2017

Negative Equity Continues Slow & Steady Decline

The U.S. negative equity rate – the share of all homeowners with a mortgage that are underwater, owing more on their home than it is worth […]
July 27, 2017

Mortgage Delinquencies Continue to Decline

Mortgage delinquencies dropped in April and the economy continued to show improvement, according to the latest Loan Performance Insights Report from CoreLogic.  Nationally, mortgages in some stage […]