Smart Borrower Blog

Archive for January, 2015

Consumer Credit Delinquencies Fell in Third Quarter

U.S. consumers continued to keep up with their debt payments in the third quarter of 2014, according to data from the American Bankers Association’s Consumer Credit Delinquency Bulletin.  Delinquencies – payments that were late by 30 days or more – only rose in three of the 11 categories the ABA tracked, showing that Americans are […]

Mortgage Applications Volume Makes Highest Weekly Jump in 6 Years

With mortgage interest rates tumbling again last week, mortgage applications poured in, resulting in the largest weekly increase since November 2008, according to the Mortgage Bankers Association. During the week ended January 9, 2015, the number of mortgage applications, as measured by the Market Composite Index, rose 49.1 percent from the previous week, the fastest […]

Small Business Lending Making Slow Recovery

Small U.S. businesses are starting to borrow more, but are nowhere near their pre-recession levels, according to a new report from the Federal Reserve Bank of Cleveland, a sign that job creation may continue to be limited for some time. The Fed study found that even though the volume of small commercial and industrial loans […]