Uncategorized

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 10, 2017

Foreclosure Process Can Take 5 Years in Some States

A decade ago, a home in Connecticut could be sold to another party about 12 months after a borrower stopped paying a mortgage.  These days, it’s […]
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 8, 2017

Trump Mulling Two-Tiered Regulatory System for Banks

During a meeting of community bankers last week, Trump administration officials made it clear they favored a system with different rules for small and big banks.  […]
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 2, 2017

Trump to Replace Top Banking Regulator

The Trump administration, looking to make its first major imprint on U.S. banking regulators, is preparing to replace Comptroller of the Currency Thomas Curry as chief […]