Credit Patterns Show Signs for Improvement in 2011

By
Services for Real Estate Pros with Think Glink Media

Wouldn't it be nice to hear some positive economic news? I was happy to see this post on Equifax's credit blog today about positive signs from the 2011 credit market. 

Their credit experts see an upturn in the health of credit markets in the new year. Why? They say lenders have scrubbed their portfolios of bad loans, and borrowers have cleared their portfolios of loans that might have soured.

Secondly, originations are up almost everywhere. Even the unthinkable is happening, as the number of home equity lines was higher year-over-year in October 2010—a first since 2006, when they started tracking originations. New auto loans are leading the way and are well off the lows of last year, with auto credit more than 17 percent higher this year than last year. 

If you'd like to read more of the good news, check out the full post on the Equifax blog at http://credit.equifax.com/2011/02/economy-2011-credit-patterns-show-signs.html.

 

 

Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blog and CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investor

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Groups:
ActiveRain Rockstars
Addicted to Active Rain
Almost Anything Goes
Dedicated Bloggers
Tags:
economic indicators
economic recovery
credit
credit patterns
credit lines

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the man to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
80,772
Mark Rubley
Rockford IL Real Estate Team Leader serving all of the North Central Illinois Stateline Area. - Rockford, IL
Rockford Realtor,Rockford Il Real Estate Team,KW

thats good news... thanks mark and karen rockford, il

Feb 07, 2011 12:49 PM #1
Rainer
67,419
Laura Reilly
Real Living Real Estate Professionals - Redding, CA
Home Sales Realtor - Short Sale Team Member - Redd

It's so great to hear positive news! Thanks for posting it!

Feb 07, 2011 12:54 PM #2
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
362,682

Ilyce Glink

Best-selling author, award-winning TV/radio host.
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: