Recession

September 19, 2019

Best and Worst States for Credit Conditions

CardRatings.com released new research ranking the best and worst states for credit conditions. Highlighted by stark differences in credit circumstances across the U.S., the analysis helps […]
September 18, 2019

“Tappable” Equity Climbs to New High of $6.3 Trillion

Tappable equity reached an all-time high of $6.3 trillion in the second quarter as home-price gains made real estate more valuable.  The amount of equity homeowners […]
September 17, 2019

FICO Scores Reach Record High

The average FICO score stands at 706, a record high, said Ethan Dornhelm, vice president of scores and predictive analytics at FICO. That compares with 686 […]
August 20, 2019

U.S. Homeownership Tenure Reaches Record High

American homeowners are staying put longer than ever before, with the average tenure reaching a record high of 8.09 years in the second quarter of 2019. […]
August 19, 2019

Foreclosure Activity Down 18% from 2018

Foreclosure reports are down 18% from a year ago, according to a new report from ATTOM Data Solutions.  This represents an 82% decline in foreclosures from […]
August 16, 2019

Consumer Debt/Economic Concern Raises Mortgage Default Risk

Mortgage default risk rose in the U.S. in Q1 2019 as a result of increased economic risk and borrower risk, according to the recently launched Milliman […]
August 8, 2019

Most U.S. Markets Out of Reach for Would-Be Homebuyers

A good real estate agent might tell you that the general rule of thumb when buying a home is to follow a price-to-income ratio of 2.6.  […]
August 2, 2019

Economists Predict 2020 Recession

This month, the United States set a record for the longest economic expansion.  However this is forecasted to end in 2020. According to a panel of […]
August 1, 2019

FICO Scores Jump to 3-Year High

The average credit score of borrowers who got all types of mortgages in June rose to 731, an almost three-year high, as a strong labor market […]