The mortgage delinquency rate (the rate of borrowers 60 days or more delinquent on their mortgages) continued its robust decline, falling for the 11th straight quarter to 3.36% at the end of Q3 2014, according to TransUnion’s latest mortgage report.
The U.S. economy added 214,000 jobs in October 2014, according to data released early Friday by the Labor Department. With upward revisions to previous August and September, it marks the ninth straight month that has seen job growth over 200,000.
Following an economic surge in the second quarter of 2014, the U.S. economy expanded at an annualized rate of 3.5 percent in Q3, according to the Commerce Department. The number exceeded economists’ expectations of around 3 percent growth.
Last week I attended Consumer-Action’s 43rd Annual Awards Event, along with Rob Meck, CEO of Premiere Credit and Tim Heber, Compliance Officer of FIS Global. We represented the Consumer Relations Consortium (CRC), which was a sponsor of the event along with Google, CapitalOne, Credit.com, TracFone, Amazon, AT&T, Microsoft, and Time Warner Cable.
A new TransUnion study found that the consumer loan wallet – the composition of loans that people typically carry – has materially changed for both the youngest and oldest segments of the population during the last decade.
Delinquencies declined nearly across the board in the second quarter, falling in nine out of 11 categories as the economy improved and consumers responsibly managed their finances, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin.
Collection recovery managers and ARM professionals alike should not adjust their liquidation projections upward just yet. Here’s why.
The U.S. Department of Labor said Friday that the official unemployment rate fell to 5.9 percent in September, the lowest reading since the summer of 2008. Employers added 248,000 jobs last month, combined with significant upward revisions in the July and August jobs numbers.
Last week at DCS 2014, I presented on the topic “Where is the ARM Industry Heading” during the Fast Tracks segment. Living up to its name, Fast Tracks is intended to provide the audience with quick bursts of information on specific topics.
Kaulkin Ginsberg, the leading consultancy and M&A advisory firm focused on the accounts receivable management (ARM) industry, is pleased to announce that it initiated its fall semester research fellows program, in conjunction with the University of Maryland, College Park’s Department of Economics undergraduate studies program.