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July 20, 2018

In the Know: A Primer on Personal Loans

Personal loans are the now the fastest growing consumer debt category, according to new data from credit bureau TransUnion.  Outstanding personal loan balances now stand at […]
July 19, 2018

Fintech Firms Backing More Loans Than Ever

According to the Mortgage Bankers Association, mortgage applications have shown a recent decrease, but Americans are still taking out loans, lots and lots of loans.  In […]
July 18, 2018

Feds Arrest Dozens in Real Estate and Wire Fraud Bust

The federal government recently announced that it conducted a massive sweep and arrested dozens of people who allegedly participated in schemes designed to intercept and hijack […]
July 17, 2018

Foreclosure Filings Fall Nationwide

Foreclosures in the first half of 2018 are far below their peak of 1.6 million in 2010, but 40% of local markets showed an uptick in […]
July 13, 2018

Legal Speak: Debt Collection Dispute Goes to U.S. Supreme Court

The U.S. Supreme Court agreed to decide whether thousands of borrowers can invoke a federal debt-collection law when they are facing foreclosure.  The justices said they will […]
July 11, 2018

Small Business Loan Approvals Continue to Rise

Small business loan approval rates for big banks (25.9%) continued the upswing with yet another new high in May 2018, according to the Biz2Credit Small Business […]
July 10, 2018

Business-Loan Drought Ends for Banks

Preliminary second-quarter data from the Federal Reserve indicate the year-over-year growth rate of business loans rose to 5.5% in late June from less than 1% near […]
July 9, 2018

Equity Gains: U.S. Homeowners are $1 Trillion Wealthier

As house values continued growing, homeowners with mortgages, accounting for 63% of all properties, saw their equity increase 13.3% year-over-year in the first quarter, a gain […]
July 6, 2018

Housing Costs to Blame for Low Millennial Homeownership

The homeownership rate for adults age 25 to 34 was 37.5% in 2016, about three percentage points lower than the historical average for this demographic and […]