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Companies usually lay off workers to preserve profit margins. The workers who have been laid off often spend less on discretionary purchases, such as buying new cars or travelling. Recessions are a part of the economic cycle, which, when…
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The Federal Housing Finance Agency's plan to replace the FICO Classic credit score used by government-sponsored enterprises with two new ones by 2025 has some compelling aspects to it, but lenders would like more data on what overhauling…
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U.S. home prices haven't changed much this quarter. But regional trends looked wildly different, a report by the National Association of Realtors says. "Just like the weather, large local market variations exist despite the minor…
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