Recession

July 2, 2015

Cities That Have Done the Best (and Worst) Post-Recession

This month marks six years since the end of the U.S. recession. In those six years, the Standard & Poor’s 500-stock index has climbed more than 200 percent […]
July 1, 2015

Will 2.2M 'Boomerang' Borrowers Boost Housing?

A flood of ex-homeowners may be ready to re-enter the mortgage market over the next 5 years, according to a TransUnion report.  Based on an analysis of […]
June 30, 2015

90% Of Student Loan Borrowers Denied Co-Signer Release

Private student loan lenders rejected nine out of 10 co-signers who applied for a co-signer release from the loans, a service the lenders and servicers often […]
June 25, 2015

Most Consumers Still Intimidated By Home Buying Process

Today, fewer consumers believe that it is difficult to get a mortgage compared with last year. However, the majority of respondents to an Ipsos and Wells […]
June 23, 2015

29% of Americans Have No Savings

Almost 3 in 10 Americans say they have no emergency savings, according to a survey just released by Bankrate.com.  That’s the highest number since Bankrate began […]
June 22, 2015

Foreclosure Activity Hits 19-Month High

US foreclosure activity reached a 19-month high in May as bank repossessions of homes continued to rise across the country. That doesn’t mean the housing market […]
June 19, 2015

Will Kids Raised During Recession Have a Fear of Credit?

It’s not very surprising that clients of Young Americans Bank, which focuses on kids and college-age adults, are afraid of credit. But the worry is that […]
June 17, 2015

Underwater Homeowners Still Drowning in Mortgage Debt

A decade after U.S. home sales peaked, 15.4% of owners in the first quarter owed more on their mortgages than their properties were worth, according to […]