Recession

October 15, 2015

New Mortgage Rules Help You "Know Before You Owe"

The process of buying a home changed dramatically on October 3. Credit.com outlines everything you need to know about Know Before You Owe. What Is Know Before You […]
October 9, 2015

6 Signs You Have Too Much Debt

Most of us would love to have no debt, and many people make a conscious effort to get to that point. Debt can be suffocating: it can […]
October 8, 2015

Are You Better Off Than the Average American?

Is your net worth higher or lower than people of a similar age? How does your pay compare with others? Do you have more debt than […]
October 7, 2015

Credit Woes Linger: Bad Loans Above Pre-Crisis Levels

The banking industry continues to sit on a mountain of problematic loans 7 years after the onset of the financial crisis.  Credit quality is substantially better […]
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 […]