Smart Borrower Blog

Student Loan Delinquencies Reach Dangerously High Levels

Aug 26th, 2015 @ 6:46 PM by Amber Nelson

Many Americans with student loans are struggling to keep up with their payments, according to data from the Federal Reserve Bank of New York, with delinquency rates at a startling level and the trend could continue in coming months. In its  Report on Household Debt and Credit Developments, the New York Fed reported that during […]

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Auto Delinquencies Fall To 2-Year Low

Aug 19th, 2015 @ 8:22 PM by Amber Nelson

U.S. consumers are taking on more car debt, but they are doing better at making timely payments, according to the latest report from credit tracking agency TransUnion. In fact, auto delinquencies have fallen to their lowest level in two years. TransUnion found that 0.95 percent of all auto loan borrowers were behind on their payments by […]

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About Amber Nelson
Amber Nelson is a seasoned mortgage industry writer and a regular contributor to Loan.com and Mortgage101.com.

Mortgage Credit Loosens in July

Aug 12th, 2015 @ 9:08 AM by Amber Nelson

Mortgage money was more readily available in July, according to the Mortgage Bankers Association, as home loan demand increased. “Credit availability increased in July, mainly driven by higher-balance loan programs,” said Mike Fratantoni, Chief Economist for the MBA. “Many investors are fine tuning their cash-out refinance requirements to meet increasing borrower demand for home equity […]

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About Amber Nelson
Amber Nelson is a seasoned mortgage industry writer and a regular contributor to Loan.com and Mortgage101.com.

Fed Survey: Stronger Loan Demand Hints at Increased GDP

Aug 5th, 2015 @ 8:09 PM by Amber Nelson

In its latest survey, the Federal Reserve found that banks are seeing an increase in demand for commercial and consumer loan, a sign that U.S. economic growth may pick up as we move toward 2016. The Fed’s quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices is designed to uncover trends in demand and […]

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About Amber Nelson
Amber Nelson is a seasoned mortgage industry writer and a regular contributor to Loan.com and Mortgage101.com.

SBA Flagship Loan Resumes after Congress Raises Cap

Jul 29th, 2015 @ 9:03 PM by Amber Nelson

The Small Business Administration has resumed reviewing and approving applications for its 7(a) loan program following some quick Congressional action to raise its expiring funding limit. The 7(a) loan is the bread-and-butter lending product for the SBA. It allows business owners to purchase or update property and equipment, have more working capital and it can […]

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About Amber Nelson
Amber Nelson is a seasoned mortgage industry writer and a regular contributor to Loan.com and Mortgage101.com.

Big Banks Get Back in the Small Business Loan Groove

Jul 22nd, 2015 @ 7:55 PM by Amber Nelson

American big banks are consistently approving more small business loan applications each month, easing back into that market along with institutional lenders, while credit unions and alternative lenders are taking a step backward. According to the Biz2Credit Small Business Lending Index, big banks – those with more than $10 billion in assets – approved 22.19 […]

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About Amber Nelson
Amber Nelson is a seasoned mortgage industry writer and a regular contributor to Loan.com and Mortgage101.com.

Fed Prez: Expect First Rate Increase This Year

Jul 15th, 2015 @ 8:22 PM by Amber Nelson

The Federal Reserve will be raising interest rates before the end of the year as long as the economy stay on track, said Federal Reserve Chairwoman Janet Yellen this week. In her prepared remarks before the House Financial Services Committee she explained that the gradual improvement in the labor market and unemployment rate – now […]

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About Amber Nelson
Amber Nelson is a seasoned mortgage industry writer and a regular contributor to Loan.com and Mortgage101.com.

Student Loan Debt Hampers U.S. Small Business Creation

Jul 8th, 2015 @ 9:07 PM by Amber Nelson

It appears the consequences of $1 trillion in student loan debt are finally catching up to the U.S. economy. Large student loan debts are keeping many would-be entrepreneurs from starting their own small businesses, according to a recent study by the Federal Reserve Bank of Philadelphia and the Penn State Smeal College of Business. The […]

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About Amber Nelson
Amber Nelson is a seasoned mortgage industry writer and a regular contributor to Loan.com and Mortgage101.com.

Mortgage Originations Jump 75 Percent from Last Year

Jul 1st, 2015 @ 8:16 PM by Amber Nelson

Low interest rates and increased inventory helped the number of U.S. mortgage origination balances skyrocket almost 75 percent in the first quarter of this year, according to the Equifax National Consumer Credit Trends Report. Mortgages originated in the 2015 first quarter totaled $466 billion, up 74.4 percent from the first quarter of 2014. “The drop in […]

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About Amber Nelson
Amber Nelson is a seasoned mortgage industry writer and a regular contributor to Loan.com and Mortgage101.com.

Credit Card Debt Hampers Millennial Love Lives

Jun 24th, 2015 @ 8:17 PM by Amber Nelson

It is often said that money problems are the biggest challenge in any marriage. If that’s true, then Millennials are likely to have more difficulty than any previous generation in their relationships. With almost half of Millennials (Americans aged 18 to 34) admitting to bringing credit card debt into their current relationship, young love may […]

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About Amber Nelson
Amber Nelson is a seasoned mortgage industry writer and a regular contributor to Loan.com and Mortgage101.com.

15% of Retirees Still Have Student Debt

Jun 17th, 2015 @ 12:36 PM by Amber Nelson

Student loan totals have been on the rise, especially since the start of the Great Recession, with the class of 2015 now carrying the largest student loan debt load in history. Yet there may be a group of Americans struggling even more than recent graduates with student loans: retirees. A study from LIMRA Secure Retirement […]

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About Amber Nelson
Amber Nelson is a seasoned mortgage industry writer and a regular contributor to Loan.com and Mortgage101.com.