For many, when it rains, it pours, and many new and young adults got dealt a bad hand at the outset of the pandemic, when lockdowns eliminated many of their service-related jobs, drained their savings, and ultimately forced them to ...
Read More »Paying Down Debt or Making a Down Payment?
According to a new report from Redfin, roughly 32% of renters nationwide are doing so because they can’t afford to buy a home in the area they desire to live in — while 30% of renters are unable to save ...
Read More »Pandemic Debt Loads Increased by 6.2% to $15.24T
Debt is something we all have to come to terms with, whether it’s the $20 you owe to a friend or a mortgage, it all adds up and can be a drain on not just your finances, but the whole economy. In ...
Read More »CFPB Details the Debt Struggle
The Bureau stated that it has been “prioritizing activities” aimed at protecting the stability of the financial sector.
Read More »Supreme Court Rules on TCPA, Robocalls
The Supreme Court invalidated a 2015 amendment to the Telephone Consumer Protection Act, ruling it violated the first amendment.
Read More »Reshaping Debt Collection
The CFPB plans to propose new regulations this fall in response to the COVID-19 pandemic.
Read More »Servicing Experts Talk Forbearance Practices
With the total number of borrowers in forbearance expected to hit between and 9 million, here's how servicers can themselves and their customers ready for the wave.
Read More »House Committee Proposes Debt Collection Prevention
The proposed legislation also includes a ban on foreclosure and debt collection as well as direct payments.
Read More »Bracing for Household Debt Spikes
US household debt per capita, including mortgage debt, hit the all-time high in Q4 2019, but here's how many American loans were non-performing.
Read More »Did the Great Recession Change the Mortgage Industry?
New analysis says lenders are still approving loans to borrowers—especially ones with mounting debt.
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