A new report released by the Federal Reserve Bank of Cleveland examined peer-to-peer lending, finding that this market is a growing alternative for consumers. However, the Fed was concerned that this growing market does not have the same degree of regulation or supervision as traditional channels. The Fed went so far as to liken the increase in defaults that are occurring now in P2P lending to Continue Reading

Serious delinquencies on single-family properties are up for Fannie Mae, rising 1.01 percent in September alone. According to the government-sponsored enterprise’s September 2017 Monthly Report—released today—that’s the highest serious delinquency rate since May. Rates of serious delinquency have wavered since September 2016. Starting at 1.24 percent and, at one point, dropping as low as 0.99 Continue Reading

New research from Arizona State University (ASU) reports that the foreclosure crisis in the metro area of Phoenix, Arizona may have caused a shift in the population’s political views. On Monday, Arizona Central news released an article discussing the soon-to-be-released research study titled Housing Distress Political Feedback Loop—and reports that as the housing crash affected demographics and Continue Reading

A monthly report that covers bankruptcy, foreclosure, consumer confidence, and other data was released Thursday revealing that foreclosures are increasing—and bankruptcies could be close behind. LegalShield, a provider of legal safeguards and identity theft solutions, released its LegalShield Law Index that uses five indices: the LegalShield Consumer Financial Stress Index, Bankruptcy Index, Continue Reading