Smart Borrower Blog

Archive for November, 2011

Home Prices Dip in September

Nov 30th, 2011 @ 10:34 PM by Amber Nelson

Home prices across the nation fell in September, after posting gains during the spring and summer, according to the latest reading of the Standard & Poor’s/Case-Shiller index. Prices fell 0.6 percent from September to October, and 3.6 percent from the previous year. Out of the 20 cities tracked by the index, prices dipped in 17, […]

more »

Auto Delinquencies Post Slight Seasonal Rise

Nov 23rd, 2011 @ 2:04 PM by Amber Nelson

There were more auto loan borrowers behind on their payments during the third quarter of this year compared to the previous quarter, but the small uptick is nothing to worry about, according to credit reporting agency TransUnion. The percent of customers who were late by 60 days or more on their car payments rose to […]

more »

Lawmakers Plan to Raise FHA Loan Limits Again

Nov 16th, 2011 @ 9:36 PM by Amber Nelson

Congressional and senate lawmakers are seeking to raise FHA mortgage loan limits. Originally, FHA loan limits were raised during the housing crisis in 2009. As private lenders high-tailed it out of the market and government-backed agencies were left to pick up the mortgage lending slack, loan limits for loans backed by Fannie Mae and Freddie […]

more »

Consumer Borrowing Makes Surprising Jump

Nov 9th, 2011 @ 8:18 PM by Amber Nelson

Consumer credit borrowing in the U.S. increased substantially in September from the previous month, spurred on by rises in student and auto loans. Borrowing rose by $7.39 billion to a total of $2.542 trillion, according to the Federal Reserve. This was a particularly surprising increase after consumer credit fell $9.68 billion August, and analysts only […]

more »

Small Business Borrowing Slows in September, But Stronger Overall

Nov 2nd, 2011 @ 7:48 PM by Amber Nelson

Matters in the small business arena may not be back to “good” yet, but there are signs of progress, according to recent data on small business loans. The Thomson Reuters/PayNet Small Business Lending Index, a measure of total U.S. small business financing volume, rose 14 percent in September, a more modest pace than the revised […]

more »