Great Recession

May 19, 2020

Serious Mortgage Defaults will Surge in 2021

After over two years of falling delinquency rates, the burgeoning unemployment following the coronavirus shutdown will bring a surge of outstanding mortgages, according to CoreLogic’s Loan […]
November 20, 2019

Delinquencies Drop but Foreclosure Filings Rise

The third-quarter delinquency rate fell to its lowest point since 1995, according to the Mortgage Bankers Association. However, Attom Data Solutions’ numbers show foreclosure filings experienced […]
June 13, 2019

U.S. Foreclosure Rate Hits 20-Year Low

According to CoreLogic’s latest monthly Loan Performance Insights Report, 4% of mortgages were in some stage of delinquency (30 days or more past due, including those […]
June 10, 2019

Credit Card Delinquencies Rise Among Young Adults

Credit-card delinquency rates are rising, particularly among young people who are now more likely to have a credit card than a decade ago. Millennial and Gen […]
April 15, 2019

Consumer Credit Delinquencies on the Rise

Sound underwriting coupled with family-income and home-price growth have helped push mortgage delinquency rates down.  According to CoreLogic’s TrueStandings data, at the end of 2018 the […]
March 27, 2019

Commercial/Multifamily Mortgage Debt Spikes

Commercial and multifamily mortgage debt outstanding grew 6.8% in 2018, benefiting from strong employment numbers and strained inventory, according to the Mortgage Bankers Association.  With a […]
February 20, 2019

Recession Risk Rises to 25% in New Poll

There is a one-in-four chance of a U.S. recession in the next 12 months, a scenario that should keep the Federal Reserve from raising interest rates […]
December 5, 2018

Household Debt Soars to Record High

U.S. households have been taking on more debt for 17 straight quarters, leading to a total debt burden of $13.51 trillion at the end of the […]
October 19, 2018

Recession Risk is Currently ‘Below Average’

The U.S. economic expansion is probably only in its middle stages, with the chances of a recession in the next three years at a “below average” […]