Recession

October 11, 2016

Low Rates Support Improving Housing Markets

Low interest rates are keeping the housing market strong even as affordability keeps declining, according to the latest Freddie Mac Multi-Indicator Market Index (MiMi).  July’s index […]
October 10, 2016

Home Loan Modifications on the Decline

Loan modification activity fell again on a monthly basis, but there are still several states where borrowers need assistance, according to the Hope Now alliance.  Hope […]
October 7, 2016

Making Gains: Rising Values Help Underwater Homeowners

About 548,000 U.S. homeowners regained equity in the second quarter, bringing the percentage of homes with positive equity to 92.9% of all mortgaged properties, or approximately […]
October 6, 2016

Household Income Grew 5.2% in 2015

Americans last year reaped the largest economic gains in nearly a generation as poverty fell, health insurance coverage spread and incomes rose sharply for households on […]
October 5, 2016

Trucking Is Growth Business for Leasing

New business volume grew 12.4% in the equipment finance industry in 2015, according to the 2016 Survey of Equipment Finance Activity (SEFA) released by the Equipment […]
October 4, 2016

Survey: Election Outcome is Economy’s Big Threat

What the majority of Americans fear most about the upcoming presidential election is the election itself — and that might be the scariest part of all.  […]
September 29, 2016

Labor Day Week Sees Uptick in Mortgage Applications

Homebuyers jumped back into the market after Labor Day, filing applications for mortgages at a far faster pace than in previous weeks.  Total mortgage application volume […]
September 21, 2016

Some Cities Still Drowning in Underwater Mortgages

More than 1 in 10 U.S. homeowners remain underwater on their mortgages.  This number is much less than a year ago and far lower than when the […]
September 20, 2016

Mortgage Origination Demand Hits Pre-Crisis High

Home purchase lending hit a post-2007 high in the second quarter as low interest rates and growing consumer confidence continue to support the housing market.  “You […]