Economic Conditions Trend And Outlook For 2020

Economic Growth Slowed in 2019 Q3 As the U.S.-China tariff war escalated in 2019 and investors became more concerned about the economy’s long-term prospects, GDP growth slowed to 2.1% in 2019 Q3. Private investment spending contracted for the second straight quarter by 1% as non-residential investment spending dropped by 2.3%, although residential investment spending rose… Read More

FICO® Scores And Your Mortgage

Years ago, credit scoring had little to do with mortgage lending. When reviewing the credit worthiness of a borrower, an underwriter would make a subjective decision based on past payment history. Then things changed. Lenders studied the relationship between credit scores and mortgage delinquencies. There was a definite relationship. Almost half of those borrowers with… Read More

China: Friend or Foe

For all the headlines surrounding geopolitical and trade tensions with China, it also remains one of the world’s most important markets and one that’s vitally important to many American companies. Chinese consumer confidence hit a ten year high in 2019. But as happy as stock investors might be to see the globe’s second largest economy… Read More