Uncategorized

August 23, 2016

The Middle-Class Housing Crisis

Deepening income inequality across the U.S. is dividing the housing market into winners and losers among renters and owners, the middle class and wealthy, and racial groups.  An annual […]
August 22, 2016

What is ‘Negative Wealth?’

Most people have some debt – payments to make, loans to pay back. But for some Americans, debt has gotten to an extreme and dire level: […]
August 19, 2016

Skimming Scams: Learn to Protect Yourself

Criminals have made off with as much as $3 billion dollars worldwide using devices that skim information from your cards.  The use of skimmers at ATMs […]
August 18, 2016

Banks Team Up to Fight (Cyber) Crime

Big banks are revving up efforts to combat cybercriminals targeting the financial-services industry.  Eight of the largest U.S. banks are forming a group that seeks to […]
August 17, 2016

Home Purchase Sentiment Index at All-Time High

Fannie Mae recently reported  that the Home Purchase Sentiment Index rose 3.3 points in July to 86.5, an all-time survey high. An increase in the survey […]
August 16, 2016

Are Millennials Scared of Credit Cards?

Data from the Federal Reserve indicates that the percentage of Americans under 35 who hold credit card debt has fallen to its lowest level since 1989, […]
August 8, 2016

Democrats and Republicans Differ on Housing

The Democratic and Republican platforms adopted at this year’s party conventions take a more forward-looking approach to housing issues than they did four years ago. But […]
August 3, 2016

Demand for Loans Inching Up; Standards Tighten

The July Federal Reserve Senior Loan Officer Survey shows that banks tightened standards on commercial and industrial (C&I) and commercial real estate (CRE) loans in the second […]
August 1, 2016

Homeownership Rate Declines to Lowest Since 1965

The homeownership rate fell to the lowest level in more than 50 years as rising prices put buying out of reach for many renters.  The share […]