Recession

May 10, 2017

Foreclosure Process Can Take 5 Years in Some States

A decade ago, a home in Connecticut could be sold to another party about 12 months after a borrower stopped paying a mortgage.  These days, it’s […]
May 8, 2017

Trump Mulling Two-Tiered Regulatory System for Banks

During a meeting of community bankers last week, Trump administration officials made it clear they favored a system with different rules for small and big banks.  […]
May 4, 2017

Renters Finally Turning Toward Homeownership

The homeownership rate has been on the decline ever since the peak of the housing bubble a decade ago.  However, last month, the Census Department said […]
May 3, 2017

Foreclosures Continue Descent but Some Cities Still Struggle

ATTOM Data Solutions recently released its Q1 and March 2017 U.S. Foreclosure Market Report, which shows first quarter foreclosure activity was below pre-recession levels nationwide and […]
May 1, 2017

Home Sellers See Biggest Profits in a Decade

Homeowners who sold their property in the first quarter realized an average price gain of $44,000 since purchase, representing an average 24% return on the purchase […]
April 28, 2017

Subprime Student Loans Resemble Pre-Crisis Mortgage Loans

Millions of U.S. parents have taken out loans from the government to help their children pay for college … now a crushing bill is coming due.  […]
April 26, 2017

Over 40% Students Don’t Make School Loan Payments

More than 40% of Americans who borrowed from the government’s main student-loan program aren’t making payments or are behind on more than $200 billion owed, raising […]
April 25, 2017

Housing Confidence Dips in March

Americans came down off their confidence high in March as fewer say now is a good time to buy a home, according to Fannie Mae’s Home […]
April 24, 2017

Consumer Defaults Predicted to Rise in 2017

About 17% of all U.S. consumers are likely to default on a loan payment over the next year, according to a recent report from UBS. More […]