January 17, 2018

Credit Card Debt Is Back to Pre-Recession Level

Last month, the Consumer Financial Protection Bureau reported that outstanding consumer credit card debt last year had surpassed the peak set during the recession.  Credit card […]
August 24, 2017

Banks Cut Back on Risky Lending

For the first time since 2012, lenders are making fewer subprime loans, according to a new report from TransUnion.  Subprime loans are those made to consumers with […]
June 7, 2017

Mortgage Origination Volume Falls 34%

Mortgage origination volume fell 34% in the first quarter compared with the fourth quarter, driven mainly by a 45% drop in refinances, according to Black Knight Financial […]
April 24, 2017

Consumer Defaults Predicted to Rise in 2017

About 17% of all U.S. consumers are likely to default on a loan payment over the next year, according to a recent report from UBS. More […]
September 9, 2016

Shifting Gears: Used Cars Popular with Prime Buyers

Car buyers with the best credit records are shifting gears, with more of them taking out loans for used vehicles instead of new ones. That’s one […]
June 15, 2016

Lenders Surprised by Trended Mortgage Data

When a consumer refinances or pays off her house in preparation for moving, you might expect her to reduce other debts to help get the new […]
March 2, 2015

Americans Could Get a Boost to Their Credit Score

Millions of consumers could be lifted out of subprime status and get better loan terms if credit reports and scores were broadened to consider on-time utility […]