Banking & Finance
Used-Car Prices Will Fall, but Gradually
Friday, August 22, 2014McLEAN, Va. -- Is a sharp correction in used-vehicle prices imminent? The National Automobile Dealers Association expects used-vehicle prices will indeed begin to fall -- gradually.
Mobile Banking Gains in Popularity, ABA Finds
Thursday, August 21, 2014WASHINGTON -- Mobile banking -- using a tablet, Blackberry, personal digital assistant (PDA) or cell phone to manage one’s bank accounts -- is gaining momentum although Americans still prefer the Internet, the American Bankers Association said Wednesday.
Use of mobile devices has grown to 10% today from 8% in 2013, the ABA said of the survey of 1,000 adults conducted in its behalf by Ipsos Public Affairs, an independent market research firm.
Foreclosure, Delinquency Rates Drop in June
Thursday, August 21, 2014YOUNGSTOWN, Ohio -- Foreclosure rates in Youngstown-Warren-Boardman decreased for the month of June over the same period last year, according to newly released data from CoreLogic, Irvine, Calif.
The CoreLogic data reveals that the rate of Youngstown-Warren-Boardman area foreclosures among outstanding mortgage loans was 2.44% for the month of June 2014, a decrease of 1.15 percentage points compared to June o2013 when the rate was 3.59%.
Foreclosure activity in Youngstown-Warren-Boardman still remained higher than the national foreclosure rate, which was 1.70% for June.
Boys, Girls Not Prepared Equally for Financial Futures
Tuesday, August 19, 2014BALTIMORE -- More boys than girls say their parents talk to them about setting financial goals, a new report has found. Having financial conversations with kids can have a positive impact on their habits and confidence with money.
Peer-to-Peer Lending Makes Inroads in Bank Markets
Monday, August 18, 2014YOUNGSTOWN, Ohio -- Peer-to-peer lending is gaining a foothold in the United States. While its market share is small, only about $3.5 billion outstanding, it is growing and two economists at the Federal Reserve Bank of Cleveland foresee its continued growth.
You haven’t heard of peer-to-peer lending? That’s could be because it’s so new. And because Ohio doesn’t allow it although the state Department of Financial Institutions reviewed this type of lending in 2011, one of the economists, Daniel Kolliner, said last week in a telephone interview.