Recession

May 17, 2016

Reverse Mortgages Safer But Still Have Issues

Across the nation, a sticky subgroup of foreclosure cases involves reverse mortgages.  These loans, usually taken out by seniors, are heavily promoted in advertising and aimed […]
May 16, 2016

Consumers Increase Savings But Carry Credit Card Balances

Consumers are increasing the balances of their personal savings accounts, but at the same time there is an increase in those who rollover their monthly credit […]
May 11, 2016

New Regulations Affect Consumers’ Access to Credit

Credit card debt is an issue for many families.  According to The National Foundation for Credit Counseling, 1 in 3 Americans roll over a balance from […]
May 10, 2016

Lenders Tighten Standards on Loans to Oil/Gas Industry

Lenders in the U.S. tightened standards and restructured loans for businesses in the oil and gas sector in the opening months of the year amid slumping […]
May 9, 2016

FinTech Threatens 30% of Bank Jobs

A wave of innovation has made it possible for people to get their banking done without walking into a branch if they don’t want to. People […]
May 5, 2016

People Are Still Seeing Red Over the Housing Collapse

The nation’s housing markets may be finally getting over the foreclosure crisis, but for many Americans the anger hasn’t subsided.  This recent home sale in Florida […]
May 3, 2016

Entry Level Home Prices Shut Out First-Time Buyers

A new report from Zillow says home values are rising fastest in the entry-level segment in more than half of the largest U.S. housing markets. This, […]
April 26, 2016

Banks Consolidate; Local Lenders Vanish

Where have all the bankers gone?  The continental lenders, with their corner branches – Wells Fargo and PNC, Citizens, TD and Bank of America – still compete with JPMorgan Chase, Capital One, and other branchless brands […]
April 25, 2016

March Bankruptcy Filings Show Decline from 2015

Total U.S. bankruptcy filings continue to decline year-over-year, falling 5% in the first calendar quarter (Jan. 1 – March 31) of 2016 from the same period […]