U.S. Debt Downgrade – How Will It Affect Me?
Lawmakers weren’t able to prevent the country from losing its coveted AAA debt rating. Although the downgrade late Friday by Standard & Poor’s was historic, it wasn’t entirely unexpected. The...
View ArticleSub-prime Mortgages Continue to Climb
Mortgage originations to those with subprime credit scores continued to climb steadily over the first 5 months of 2015, according to data from the latest Equifax National Consumer Credit Trends Report....
View ArticleLate Payments on Home Equity Loans Hit Post-Crisis Low
U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession. In the second quarter, the 30-day delinquency rate on home equity...
View ArticleSharp Decline For Consumer Loan Delinquencies
Consumer loan delinquencies fell sharply in the second quarter ended June 30, thanks to large drops in home loan-related delinquencies, according to the American Bankers Association. Delinquencies...
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