Recession

January 15, 2020

Mortgage Debt Hits a Record $15.8 Trillion

Outstanding U.S. mortgage debt rose to $15.8 trillion in the third quarter of 2019, according to the Federal Reserve.  Combined home, farm, multifamily and commercial mortgage […]
January 14, 2020

Auto Loan Delinquencies at 8-Year High

The percentage of U.S. consumers who are late on their car loan payments has risen to its highest level in nearly eight years, according to new […]
January 10, 2020

Mortgage Rates Show Stability in 2020

If the first weekly Freddie Mac report of the year is any indication, there could be far less volatility for fixed mortgage rates in 2020 than […]
January 9, 2020

Foreclosure Starts Plummet to Lowest Level This Century

November’s foreclosure starts hit their lowest level since Black Knight started tracking this data in 2000, while the foreclosure rate reached a 14-year low. However, the […]
January 8, 2020

Recession Risk Tops CEO List of 2020 Fears

Fear of an economic decline topped the list of U.S. chief executives’ concerns going into 2020, according to a survey from the Conference Board.  The year […]
December 26, 2019

Credit Scores are Highest in 8 Years

Americans are more in debt than they’ve ever been, but thanks to a solid economy, the vast majority of people are still able to pay their […]
December 23, 2019

Auto Loan Rejections on the Rise

U.S. consumers might have their pick of employment in today’s robust job market, but that doesn’t mean everyone is getting financed for a car.  A Federal […]
December 20, 2019

Customers Plan to Spend Less This Holiday Season

If you’re expecting a holiday gift from your co-worker this year, or from guests at your holiday party, don’t hold your breath.  The second annual Holiday […]
December 19, 2019

Mortgage Fraud Risk Reaches Turning Point

Loan defect risk in purchase applications stopped falling and plateaued in October, according to First American Financial Corp.’s latest report. “Defect risk for purchase transactions broke […]