Recession

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 […]
July 15, 2019

Mortgage Delinquency Rate Lowest in 20 Years

Americans are now better at paying their mortgages on time than any point in the past 20 years. According to CoreLogic’s latest monthly Loan Performance Insights […]
July 12, 2019

33% of Americans Have Cut Their Spending

When it comes to money, do most people prefer to spend, save, donate or invest?  The answer may come as a surprise. Contrary to what you […]
July 11, 2019

States with the Highest Mortgage Debt

A home is the largest purchase most Americans make in their lifetimes. The typical American home now costs over $200,000 – significantly more money than most […]
June 21, 2019

14 Years Needed to Save for a Down Payment

The nationwide average to save for a 20% down payment for a median-priced home on a median income is now 14 years, according to Unison’s Home […]
June 20, 2019

Commercial/Multifamily Loans Grow at Strong Pace

Commercial and multifamily mortgage debt outstanding grew 1.3% in in the first quarter of 2019, aided by low mortgage rates and the steady incline of property […]