Recession

October 5, 2015

Sub-prime Mortgages Continue to Climb

Mortgage originations to those with subprime credit scores continued to climb steadily over the first 5 months of 2015, according to data from the latest Equifax […]
September 28, 2015

Fed Can’t Solve Housing Puzzle Alone

“There has never been a better time to buy a home.”  That phrase, or variations on it, can be found in thousands of advertisements from real-estate agents and home […]
September 23, 2015

The Reason(s) Borrowers Can't Pay Their Mortgage

Loan performance has improved since the housing crisis. But credit challenges persist, while higher housing costs combined with a plateau in wages have put increased strain […]
September 17, 2015

Commercial Credit Is the New Mortgage Credit

In the wake of an unprecedented U.S. housing bust that evolved into a global financial crisis, the business of bundling home loans that aren’t backed by […]
September 14, 2015

Are We Heading Toward Another U.S. Recession?

Some advice for President Barack Obama’s successor: bring a plan to fight the next recession.  That’s one conclusion drawn from a survey of economists, where the […]
September 10, 2015

Consumers Not Optimistic About Housing Market

The first Fannie Mae Home Purchase Sentiment Index fell 0.5 points to 80.8 in August from where it would have been in July.  This new index […]
September 8, 2015

Fewer Homes in Negative Equity

The U.S. negative equity rate dropped below 15% in the second quarter of 2015, according to the Zillow Negative Equity Report, but nearly 20% of condo-owners […]
September 7, 2015

Labor Day Drivers Will Save $1 Billion This Holiday

Labor Day is historically one of America’s busiest driving holidays, but this year it’s likely to be remembered for being one of the cheapest.  With gas […]
September 1, 2015

Are Your Finances in Order?

Are you comfortably paying all your bills?  Let’s say your first mortgage and second mortgage are both manageable. You are slowly paying off your home equity […]