Loren's Blog

Changes are finally coming to the "art" of credit scoring, the mathematical modeling of assigning a number score to how a Consumer uses credit. Soon, two of the three credit reporting bureaus will use a new model. Fair Isaac, the developer of FICO scores, has made the biggest change to its mathem...

Today's economic data had little impact. November Pending Home Sales fell -4% to 82.3, below the consensus of 88.0, to a record low. December ISM Services came in a little higher than expected, while December Factory Orders fell short. The FOMC Minutes from the December 16 Fed meeting showed broa...

To me, it's always fun to notice how crowded my workout place is every January. I know that if I put up with the slight wait to do my 'work', that within a few weeks....it will all return to normal. Why? Because of human nature. It's HARD to change things long-term, and most of us are too busy, d...

Now more than any other time in our recent history, it is important that we find ways to stay positive no matter what. Why? Because success depends on your mindset, not on the economy or on the marketplace. I think when times get tough, people start to look outside of themselves for answers and w...

This week, most of the "big news" is squeezed into 2 days. Friday, the important Employment report will come out. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month, since the condition of the labor m...