Americans Default on Credit Cards and Car Loans amid Inflation and Record Consumer Debts
Newsletter - September 2023 Credit card balances and interest rates are soaring as Americans continue to grapple with inflation. Credit card debt has exceeded $1 trillion for the first time according to the New York Federal Reserve, and there are also more credit card accounts open now than in 2019.…
Read MoreAmericans Draw on Home Equity Lines of Credit as Personal Savings Empty
Newsletter - August 2023 Americans' personal savings have fallen to lower levels than before the pandemic began Barchart reported in a July tweet. The financial data company reported losses of 5.5 trillion since April of 2020. The significant drop likely correlates to inflation and overspending after the pandemic. While families were…
Read MoreHow Artificial Intelligence and New Tech is Impacting the Mortgage Industry
Newsletter - June 2023 Visiting the local bank to acquire a mortgage might be a thing of the past. With the massive rise in digital mortgage lenders and artificial intelligence (AI), Americans might be skipping the trip to brick and mortar establishments these days. Are AI and digital lending providers…
Read More