Smart Borrower Blog

Archive for October, 2014

Rising Subprime Auto Delinquencies Causing Concern

Oct 29th, 2014 @ 7:37 PM by Amber Nelson

The success of the U.S. auto loan market over the past few years may have come at a cost, as loans made to subprime credit borrowers are failing at a much higher rate than expected. A new report from Citigroup Inc. reported that the delinquency rate for poor credit buyers rose 15 percent in the […]

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Looser Mortgage Credit Requirements Approved By Regulators

Oct 22nd, 2014 @ 7:47 PM by Amber Nelson

The desire to bring investors back into the mortgage bond market has outweighed the desire to make home loans safe from another housing bubble. U.S. mortgage regulators approved new rules Tuesday that would make it much easier for borrowers to get a mortgage, but could leave the market open to risks again. After the housing […]

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Lenders Target Good Credit Customers for Personal Loans

Oct 15th, 2014 @ 5:34 PM by Amber Nelson

Although they have been synonymous outrageously high interest rates in the past, unsecured personal loans are not being marketed toward those with highest credit scores as a way to consolidate debt, buy cars or even do some home improvements. Total personal loan originations have jumped up to $34.5 billion during the first half of 2014, […]

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Consumer Debt Delinquencies Fall To Record Lows

Oct 8th, 2014 @ 7:47 PM by Amber Nelson

Consumers did better with everything from credit cards to mortgages in the second quarter, according to a new report from the American Bankers Association, helping to push consumer delinquencies to an all-time record low. The ABA composite ratio, a measure of eight closed-end installment loan categories, fell to 1.57 percent in the second quarter, down […]

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Almost 1 Million Fewer Homeowners Are Underwater Since Last Quarter

Oct 1st, 2014 @ 8:15 PM by Amber Nelson

The latest quarter helped almost one million American homes return to positive equity, according to a new report from property data firm CoreLogic, a very positive sign for the housing market’s near future. During the second quarter of 2014, prices rose enough on roughly 950,000 properties to move them out of “underwater” status. A property […]

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