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Mortgage Industry Trends

Just How Safe Is Your Identity and Credit Data

You’ve probably heard by now that on July 29th Equifax learned their systems were hacked from mid-May through July. Yes, Equifax, one of the country’s 3 main repositories of all consumer personal and credit information. The cyber thieves acquired sensitive personal information on 143 million American consumers. That’s a whole lot of data on a whole lotta people. Not good.…

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Mortgage Industry Trends

We’re Gonna Party Like It’s 1999

We got some good news!  Home inventories may be down, but first time home buyers are up. Sales this spring to first-time homebuyers were at their highest level since 1999. Woo-hoo!!! First-time homebuyers made up about 57% of the purchase mortgage market, with almost 970,000 new loans. That’s good for business. But, what happened to all the repeat buyers? Are…

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Mortgage Industry Trends

Are Millennials Getting the Short End?

Right now, about 67 million people comprise what is known as the Millennial generation. That represents about one-quarter of the country’s purchasing power and is a lot of clout for one group. But, as we have learned things are quite different with this generation. They don’t do things like prior generations. For one thing, they don’t use credit and credit…

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