It may be hot in the nation’s neighborhoods now, but the U.S. housing market is cooling off.
Signed contracts to buy existing homes fell 0.7 percent in July compared with June, according to the National Association of Realtors’ pending home sales index. The gauge was down 2.3 percent compared with July 2017. That is the seventh straight month of annual declines. Pending home sales are an indicator of future closed sales.
It’s been one year since Equifax announced publicly that through its bureau, hackers had accessed the personal information of more than 145 million people.
Since that time, though, very few people have taken security experts’ advice and frozen their credit reports, a cautionary measure that should prevent anyone from fraudulently opening a new credit account in one’s name.
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Federal authorities in Maryland have charged three men with running a $364 million Ponzi scheme for more than five years.
Kevin Merrill, Jay Ledford, and Cameron Jezierski were arrested Tuesday and charged with using 30 companies and more than 55 bank accounts to bilk hundreds of investors.
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Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, we sit down with Jim Wehmann, executive vice president of FICO Scores, to discuss some of FICO’s newest innovations, including the FICO Score Planner.
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