Smart Borrower Blog

Archive for December, 2015

Foreclosures Fell 27 Percent in October

The number of completed foreclosures of U.S. properties plunged in October, as did foreclosure inventory and seriously delinquent mortgages, according to data from CoreLogic, proof positive of the ongoing recovery in the housing market. Completed foreclosures fell 27.1 percent in October from the year earlier to 37,000. That was also down 12.3 percent from September’s […]

Higher Interest Rates = More Small Business Loan Approvals

Yes, the Federal Reserve rates interest rates last week and yes, that will mean consumers will start to pay a little more for everything from mortgage loans to auto financing, but there is at least one group of Americans who might benefit from the higher rates: U.S. small business owners. According to the latest Biz2Credit […]

Cash-Out Refis Jump 70 Percent in Second Quarter

More Americans are turning to their homes again for a source of capital, according to data from mortgage data company Black Knight Financial Services, Inc., with the popularity of cash-out refinances jumping over last year. “In the second quarter of 2015, we saw cash-out refinance volumes rise almost 70 percent from the same period last […]

New Car Prices Reach Record Highs as Consumers Stretch Their Auto Loans

Prices for new cars are rising at a record-breaking pace, causing U.S. consumers to turn to creative financing options, according to a new report from credit-monitoring firm Experian. More car buyers are opting for either leases or longer car loans in order to keep their payments manageable. Experian reported that 27 percent of all new […]