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Credit Commentary

Consumer Confidence exceeds expectations, other data mixed

By Zarana on Thursday, May 27 2010

The US reported positive consumer confidence data, and decline in house prices this morning. It seems Americans are feeling better about their job prospects, pushing consumer confidence higher in May. But signs that shoppers are slowing their spending as stocks fall could pose a roadblock on the path to recovery. CONSUMER CONFIDENCE EXCEEDS FORECAS...

Foreclosures ease in February, but risk remains

By Zarana on Thursday, March 11 2010

U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity. If foreclosures keep dropping further, it will be one of the strongest signals yet the market is on the path to recovery. However, this ease in foreclosure filing doe...