Smart Borrower Blog

Archive for April, 2013

Foreclosures Almost Back To Pre-Recession Levels

Apr 24th, 2013 @ 9:07 PM by Amber Nelson

Completed foreclosures fell to their lowest level since the start of the Great Recession, according to foreclosure data firm RealtyTrac, a welcome sign of housing recovery. Roughly 44,0000 U.S. homes were repossessed in March, a major drop from the peak in September 2010 when lenders seized 100,000 homes. And total foreclosure filings – including default […]

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Consumers With Student Debt Shy Away From Home and Car Buying

Apr 17th, 2013 @ 10:47 AM by Amber Nelson

Young American consumers with student debt are not taking on mortgages and auto loans as readily these days, according to a new report from the New York Federal Reserve. Those with student loans have traditionally been those with college degrees and larger incomes, resulting in more major purchases likes homes and cars. For example, back […]

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Falling Delinquencies Point to Stabilizing Economy

Apr 10th, 2013 @ 9:35 AM by Amber Nelson

U.S. consumers did a better job of keeping up with their loans at the end of last year, according to the American Bankers Association, signaling that the economic future looks brighter than the near past. During the fourth quarter of 2012, delinquencies – payments that are 30 days late or more – fell in many […]

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Auto Sales Rise Aided By Low Interest Rates and Looser Credit

Apr 3rd, 2013 @ 2:58 PM by Amber Nelson

U.S. sales of new cars jumped in March as auto lenders lowered their interest rates and loosened their loan credit standards. Total new vehicle sales rose 3.4 percent compared to the previous year to 1.5 million last month, according to Autodata. They hit an annualized pace of 15.3 million, up from 14.1 million in March […]

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