The Latest Debt & Finance Blog
There is good news for small business owners and entrepreneurs considering a new venture — lenders are steadily increasing their volume of small business loans. In May, the overall number…
America’s mortgage crisis affected millions of older homeowners just at the time when their retirement nests should be heavily feathered, according to a study from the Public Policy Institute of…
They can be found diligently working in local grocery stores, offices, department stores and within the health care industry – they’re Americans aged 65 and older who remain active in…
There’s good news on the horizon for homeowners and the national economy this financial quarter: More than 700,000 U.S. households regained positive equity in their properties, according to a new…
Responding to complaints from thousands of veterans, Congress, the Obama administration and various veterans groups are condemning some of the practices of for-profit schools and colleges that receive hundreds of…
Economists around the globe are crunching the latest G.19 credit numbers released by the Federal Reserve’s Board of Governors, numbers that show that consumers around the world are still borrowing…
Unlike other sectors of the mortgage market, which appear to be steadying after years of turmoil, FHA loans are falling into delinquency and foreclosure at an alarming rate. A recent…
A recent consumer report indicated the government-insured reverse mortgage program, once intended to help seniors continue living in their homes free from financial constraints during the retirement years, contains possible…
After several challenging economic years, the sluggish housing market is said to be on the mend as the number of total home sales show a sales gain. In fact, economists…
The results are troubling for economists. In a country riddled with consumer debt — the next generation of American consumers, college students, seem to be following in their parents’ footsteps,…
Sources:
- Harrison, J.D. Small Business Lending Recovers, Delinquencies Drop to Record Low (2012). Retrieved from:
- http://ado.alabama.gov/content/media/press/BN.aspx?ID=6711
- Cohen, D. Reuters. Upticks in small business lending at Chase, Citi (2012). Retrieved from: http://www.reuters.com/article/2012/01/23/us-smallbiz-lending-idUSTRE80M1CA20120123
- Saphir, A. Reuters. Small business lending jumps in May (2012). Retrieved from: http://www.reuters.com/article/2012/07/02/us-usa-economy-paynet-idUSBRE8610DZ20120702
- Arora, R. Small Banks Are Making a Big Impact on Small Business Lending (2012). http://smallbiztrends.com/2012/07/small-banks-making-big-impact-small-business-lending.html