economic conditions

March 13, 2020

Banks Ready Disaster Plan in Wake of Coronavirus

Large US banks have begun testing crisis measures in case of a broader coronavirus outbreak that prevents staff from going to work, according to banking sources.  […]
December 11, 2019

Mortgage Delinquencies Drop to 25-Year Low

The share of U.S. homeowners who were late paying mortgages fell to an almost 25-year low in the third quarter as a strong labor market helped […]
September 26, 2019

Mortgage Credit Tightens Despite Strong Demand

Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index (MCAI).  Mortgage credit tightened despite falling interest rates and a strong uptick in […]
August 30, 2017

Equipment Finance Confidence Up in August

The Equipment Leasing & Finance Foundation recently released the August 2017 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI).  Overall, confidence in the $1 trillion […]
August 25, 2017

Consumer Confidence Rises to Highest Level Since January

Consumers became more confident during the first half of August than at any point since January, according to the Survey of Consumers conducted by the University of […]
August 16, 2017

Delinquency Rate Near 10-Year Low

The mortgage delinquency rate reached its lowest point in nearly a decade in May due to tighter underwriting, according to CoreLogic. Also improving mortgage performance were […]
March 3, 2014

5 Strange Signs that the Economy is Improving

The recession that ran from 2007 to 2009 seemed to be good for family cohesion: The divorce rate hit a 40-year low, grown kids moved back […]