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May 15, 2017

Bank Card Default Rate Increases, Auto Loan Defaults Down

The S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, shows the composite rate unchanged from last month at 0.94% in […]
May 12, 2017

Millennials’ Financial Habits Differ from Previous Generations

More so than Gen X and baby boomers, millennials prioritize issues like buying a home, purchasing cars, saving for and planning vacations and weddings and college […]
May 11, 2017

Fannie Mae Changes Affect Borrowers With Student Loans

Fannie Mae has recently outlined changes in the way lenders can qualify potential borrowers who have student loan debt.  The policy change is designed to make it easier […]
May 9, 2017

Millennials’ Debt Load Could Weigh Down Economy

Millennials — 21 to 34-year-olds — hold an estimated $1.1 trillion of the country’s $3.6 trillion in consumer debt, according to UBS, as rising student and […]
May 5, 2017

What to Buy in May

As warm weather moves in and the school year winds down, May is the time to prepare for summer celebrations. Stock up for graduation parties and […]
May 4, 2017

Renters Finally Turning Toward Homeownership

The homeownership rate has been on the decline ever since the peak of the housing bubble a decade ago.  However, last month, the Census Department said […]
May 3, 2017

Foreclosures Continue Descent but Some Cities Still Struggle

ATTOM Data Solutions recently released its Q1 and March 2017 U.S. Foreclosure Market Report, which shows first quarter foreclosure activity was below pre-recession levels nationwide and […]
May 1, 2017

Home Sellers See Biggest Profits in a Decade

Homeowners who sold their property in the first quarter realized an average price gain of $44,000 since purchase, representing an average 24% return on the purchase […]
April 27, 2017

Millennials Warm Up to Homeownership

For the second year in a row, Bank of America has conducted its Homebuyer Insights Report, which explores the attitudes, behaviors and preferences of current homebuyers. […]