A little while ago, McDonald’s saw their profits dropping. It came as the result of increased competition in the fast food market coupled with consumers’ tendencies toward healthier meal choices. What did they do? McDonald’s continued to offer their core products of burgers and fries (I think they have the best fries) to serve their base customer. But, they decided…
I came across an article that piqued my interest. It talked about the loneliness of today’s workers in an office environment. Not those who work on the road, remotely, or from home, but those who congregate each day at the office to perform their duties. Why would these people be so lonely when surrounded by all their counterparts? Maybe, because…
In case you didn’t attend the National MBA Conference in Denver, here are some snippets on what’s going on. Fannie Mae Fannie Mae made some new announcements about more D1C authorized vendors and on expanding pilots to test out the use of single vendors for all required validations. They also announced their new Application Interfaces providing lenders with everything needed…
The recent hack of consumer personal information held by Equifax provides cybercriminals with multiple access points to consumer credit. Aside from the obvious threats to unlawful credit card use, the information obtained could offer the keys needed to open many more unlawful opportunities. The breach opened the door for access to Equifax’s The Work Number employment and income verification service.…
We heard some good news from Fannie! They are increasing their overall forecast for loan originations for 2017 and 2018 by nearly $250 billion. They are now projecting originations during the 4th quarter of 2017 to be about $427 billion. Any increase is good news for lenders. More good news came from the most current NAHB/Wells Fargo Housing Market Survey…
As it usually is after some major event that adversely affects anything, the politicians all come out with their “recommendations” for correction of the problem and ways to avoid it in the future. No, I am not talking about the horrific event in Vegas or gun control. I’m referring to the data breach of consumer non-public personal information at Equifax.…
