Recession

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 […]
April 22, 2016

The Wealthy Outlive Poor in Certain Areas

The poor in some cities – big ones like New York and Los Angeles, and smaller ones like Birmingham, Ala. – live nearly as long as […]
April 20, 2016

Delinquencies Decline as Economy Improves

The number of seriously delinquent mortgages reached its lowest level in over 8 years, helped by new job creation and higher wages, CoreLogic reported.  The national […]
April 18, 2016

Can’t Pay Your Tax Bill?

Today is Tax Day.  Thanks to Emancipation Day falling on a Saturday this year, we were lucky enough to have a 3-day extension until April 18th.  […]