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July 12, 2017

Mortgage Risk Hits Highest Level in 2 Years

The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased in May to levels not seen since 2015, according to First […]
July 11, 2017

Home Affordability Hits Lowest Level in a Decade

Affordability dropped in the second quarter, sinking to its lowest level since 2008, according to the Q2 2017 U.S. Home Affordability Index by ATTOM Data Solutions.  The […]
July 7, 2017

Digital Banks Take the Lead in Customer Satisfaction

Conventional wisdom once would have said consumers prefer a traditional bank with branches and humans while digital “direct” banks (those without branches) were only for rate […]
July 6, 2017

Consumer Delinquencies on the Rise

Delinquencies in both open- and closed-end loans rose in the first quarter of 2017, according to the ABA Consumer Credit Delinquency Bulletin released today.  The rise in […]
June 26, 2017

Delinquencies Down in May; Some States Fare Better Than Others

Delinquencies and foreclosure rates dropped in May, partially reversing the sudden increase in April, according to Black Knight Financial Services’ First Look report.  After rising 13% in April, […]
June 23, 2017

All U.S. Banks Pass Stress Tests

For the second year in a row, all of the nation’s largest financial institutions passed their stress tests, meaning each company has enough capital on hand to […]
June 16, 2017

The Cost of Attending a Wedding in 2017

Wedding season is upon us.  According to theKnot.com, the average cost of a wedding in 2016 rose to an all-time high of $35,329.  But modern weddings […]
June 15, 2017

Homeowner Equity On the Rise

Homeowner equity increased significantly in the first quarter of 2017, according to the Q1 2017 home equity analysis from CoreLogic.  Homeowners with a mortgage, about 63% of […]
June 14, 2017

Is the New Household Debt Record Cause for Concern?

Last month, the New York Federal Reserve reported that household debt across the nation has hit a dubious milestone in the first quarter: It surpassed the […]