An estimated 21.48% of owner-occupied households in the U.S. are housing-cost-burdened. A new study from LendingTree reveals that single women homeowners are most at-risk, while married couple households are least likely to be financially distressed.
Read More »Strength in Housing Causes Decline in Financial Stress
Financial stress declines to a new low amid a strong labor market, solid homebuilding, and low mortgage loan defaults.
Read More »Servicing Success, One Step at a Time
In a low-default environment, what can banks and financial services firms do to save costs and remain efficient? Editor's note: This feature originally appeared in the July issue of DS News, out now.
Read More »General Population Trails Servicemembers in Financial Well Being
The difference between servicemembers and the general populations was slim, but a large gap was reported of those who scored at the lowest levels.
Read More »FICO, Experian, and Finicity Launch New Credit Score
The new system aims to improve credit access, giving consumers more control in the credit scoring process.
Read More »Consumers Slowly Getting Savvier About Finances
A new study by Equifax finds that Americans are not as financially literate as they want to be, but they are increasingly interested in changing that fact. Survey takers overwhelming wish financial literacy was a mandated school course. They also overwhelmingly understand the importance of paying their bills.
Read More »FDIC’s ‘America Saves Week’ Could Help Many Consumers Achieve Homeownership
With a little help from the Federal Deposit Insurance Corporation (FDIC), American consumers can overcome the single biggest obstacle to homeownership – saving for a down payment – and increase their savings to a level that will allow them to finally own a home.
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