Where You Call Home Matters Following the Great Recession many property markets have rebounded nicely in value. But many homes, even some in markets with strong recoveries, still have loan balances 25% or more above market value. Bloomberg reports ‘These U.S. Zip Codes Have Highest Share of Troubled Properties’ based on data from ATTOM Data […]
Vanguard has bumped up its estimate of recession risk The New York Times reported that ‘Vanguard Warns of Worsening Odds for the Economy and Markets’. As with any economic projection Vanguard ‘emphasizes that this is a general forecast.’ They acknowledge that the economy may continue to grow and the market might go up in the short-term. […]
Zillow has purchased a mortgage originator, Mortgage Lenders of America, as a logical extension of its home finding information business. Zillow already pushes advertising for other lenders' mortgage options (creating 'hot leads' for the lenders) presenting 23 million loan requests in 2017. By comparison, Mortgage Lenders of America originated fewer than 5,000 mortgages last year. […]
Sen. Kirsten Gillibrand has proposed "legislation aimed at putting an end to current payday lending practices by giving some banking services a new home: the U.S Post Office" as reported by CNBC. 15 states have effectively outlawed payday loans, limiting loan options for residents there. Allowing the USPS to offer small loan services would further […]
With all of the new mobile payment options hitting the market can Facebook disrupt things even more?
FICO has acquired start-up QuadMetrics and plans to leverage its "predictive analytics and security-risk assessment tools to develop an industry-wide 'enterprise security score' for businesses" according to the Wall Street Journal. A single score could be used both internally to assess a company's risk as well as externally to measure the risk of its vendors. […]
People of faith can do more to support their parishioners in financial need
Should specialized fintech companies expand beyond their product niche?
Funders unwilling to vouch for its business model. Is this the start of a online lending shake-out?
Auto loans have grown robustly of late. Just how attractive will auto lending be in the coming years?
