Tag: debt

Credit, Delinquency, and Insurance

Last week, numerous web sites carried the news story, wrote blog posts, and print articles on the Urban Institute’s study that 35% of all Americans are delinquent on their debt and getting to know their debt collectors on a first name basis. If you live in the Dallas metropolitan area, the news is even worse.

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Home Insurance and Mortgage Ratios

New home mortgage guidelines went into effect on January 10th. The new guidelines were drafted by the Consumer Financial Protection Bureau and they are designed to protect consumers from some of the lending abuses that led to the financial meltdown in 2008. Lending practices were relaxed prior to 2008. This enabled some people to qualify for home loans who would not have qualified under the previous and stricter guidelines. When the market imploded, millions of people were unable to make their mortgage payments and lost their homes to foreclosure.

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