New data has found that the default levels for bank cards, auto loans and first mortgages have reached their lowest levels of 2018 within the past three months. The S&P/Experian Consumer Credit Default Composite Index shows that the composite rate rose one basis point from...
While freelance and self-employment has existed as long as the work has existed, half a decade can make a big difference. Gig workers have gone from a sliver of the economy to a bonafide force, powered by platforms like Uber, Lyft and Fiverr, not to mention a generation...
A decade is a favorite demarcation point in taking stock and looking forward, in looking at where something has been, where it is and where it is headed. Business is no different – specifically in this case, banking. We’re looking backwards after some banking regulations...
A decade is a favorite demarcation point in taking stock and looking forward, in looking at where something has been, where it is and where it is headed. Business is no different – specifically in this case, banking. We’re looking backwards after some banking regulations...
March 13, 2018
Millennials, we have long been assured, were never, ever going to buy houses. Some hypothesized that the lingering memory of the Great Recession’s origins in profligate mortgage underwriting would scare them away forever. Others pushed a theory that the supersized costs of college combined with the stagnant economy that greeted millennials as they entered the workforce left them […]
August 09, 2021
Goldman Sachs says ring-fencing regulations imposed after the 2008 Global Financial Crisis are driving up housing prices in England by promoting business practices that have resulted in super-low interest rates for homebuyers able to make big down-payments, the Daily Mail reported Saturday (Aug. 7). Ring-fencing is the practice of separating business activities within a company […]
December 19, 2018
New data has found that the default levels for bank cards, auto loans and first mortgages have reached their lowest levels of 2018 within the past three months. The S&P/Experian...
April 23, 2018
With home mortgage activity starting to slow in the wake of rising mortgage rates and home prices, some of the country’s biggest banks are turning to mobile apps to post...
