Taxes

January 23, 2019

Government Shutdown Could be ‘Fodder for Recession’

American consumers could lose faith in the economy if federal workers don’t go back to work soon, warned Moody’s Analytics chief economist Mark Zandi. “If this […]
January 22, 2019

Foreclosures Fell to 13-Year Low in 2018

Foreclosure activity has reached its lowest point since 2005, falling 8% from the previous year, according to ATTOM Data Solutions.  Foreclosure filings – which include default […]
January 9, 2019

Consumer Delinquencies Spike in Third Quarter

Installment loan and bank card delinquencies rose in six of the 11 categories in the third quarter of 2018, according to the American Bankers Association’s Consumer […]
January 8, 2019

U.S. Housing Market Worth $33.3 trillion in 2018

In 2018, the total value of the U.S. housing market increased $1.9 trillion, propelling its value to a whopping $33.3 trillion, according to new data from […]
January 4, 2019

HELOC Volume Down 11% from 2017

After soaring to a near 10-year high, HELOC originations took an unexpected tumble in the third quarter, falling 14% from the previous quarter and 11% from […]
December 19, 2018

Commercial, Multifamily Mortgage Debt at All-Time High

According to newly released data from the Mortgage Bankers Association, outstanding commercial and multifamily mortgage debt climbed to a record high of $3.32 trillion in the […]
December 18, 2018

Homeowners May Start to Tap Equity in 2019

Mortgage originations are falling and will continue to do so in 2019, but rising home prices could cause an increase in homeowners seeking to tap into […]
December 17, 2018

What Will the Changes in Lease Accounting Affect Banks?

Banks are bracing for the impact – on two fronts – of a new federal rule that will change how companies account for the cost of […]
December 13, 2018

Commercial/Multifamily Mortgage Delinquencies at Historic Low

Delinquency rates on commercial and multifamily mortgages stayed nearly historic lows during the third quarter, the Mortgage Bankers Association reported.  “Commercial and multifamily mortgage delinquency rates […]