Now that all the so called experts realize that they called the Presidential election all wrong they are backtracking trying to explain why. The Clinton supporters are all pointing blame at whoever they can think of that may have done something wrong to cause their loss. The Trump supporters claim they knew he would win all along. Right! People at…
Today is the day to step back from all the hustle and bustle of our everyday lives, to set aside our differences and come together for one common cause. Not to stand behind the new President-Elect, although we should. but to honor all those men and women who have served us and our nation as members of the Armed Services.…
A new battle is about to be waged in condo fees credit reporting. Equifax announced it will be collecting information on condo fee payments using a data aggregator, Sperlonga. They believe this will be good because those who pay timely will get the benefit of their good payment habits. Some say, “Hold on, just a minute there cowboy!” (Condo Fees)…
Or, should I say settlements (plural)? This time, the Department of Justice settled two actions brought under the False Claims Act against two separate Utah-based lenders. The total settlement was close to $10 million. Primary Residential Mortgage (PRMI) agreed to pay $5 million while SecurityNational Mortgage (SNMC) chipped in another $4.25 million. Both are independent mortgage companies, not big banks…
Way too many years ago, when I first started in the mortgage business, the emphasis was still on loan originations. But, it was also on the loan’s ongoing performance. Lenders originated but most also serviced the loans they made. Independent Mortgage Lenders and some Banks originated government loans that were sold into Ginnie Mae pools. Other Banks and S &…
In a constant search to find ways to help consumers improve their credit profile, U.S. Bank has partnered with Sage Software to provide their customers’ access to a new accounting product dubbed AP Organizer (Improved Credit). U.S. Bank believes that doing so will help their customers, especially Millennials, find ways to better manage their resources to improve payment patterns on…
