Monthly Archives February 2016

Is subprime lending ready for a comeback?

Subprime mortgage lending earned a bad reputation in the years leading up to the financial crisis of 2007-2008, and rightfully so. In the midst of a freewheeling lending environment that ignored most tried and true underwriting standards, Subprime loans played a significant role in a cascade of default causing harm to borrowers, lenders, and investors […]

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Subprime Lending is Making its Way Back to the Mortgage Market

An uptick in housing demand is being met with mortgage originations for borrowers with less than perfect credit scores, but not without caution. Equifaxs National Consumer Credit Trends Report, which provides population-level debt and lending insights from more than 210 million consumers, found that from January to October 2015, first mortgage originations for subprime borrowers, or […]

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A strategic look at cash flow

A recent survey from Citizens Bank found that a quarter of small business owners are using their personal bank accounts for their companies instead of opening a separate account dedicated to the business. This practice creates risk not just for the business, but for the personal finances of the owner. Using a personal account for […]

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Foreclosures Finally Return to Pre-Housing Crisis Levels

“Prices in this state have rebounded well over the last three years, he said. But they are still down about a third from pre-2006 levels. McCabe is also beginning to see a slight uptick in foreclosures over the past few months from those who qualified for government-subsidized loans. The mortgages often require down payments of just […]

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Auto loans are booming

Auto loans are currently on the rise. Is that fact good or bad news? An increase in auto loans can be interpreted as a sign of increased consumer confidence and improved abilities to repay loans. However, it can also be interpreted as bad news because a majority of the loans are considered subprime (defined as […]

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Raise Your Credit Score 100 Points

If you’re looking to save money, chances are you’ve given regular household expenses a once-over and tried to find items to cut. But you might save even more long term by raising your credit score. Let’s say your credit score is 620. If you have a 620, you’re typically considered to have “bad credit.” That means lenders or […]

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