Based on what we hear from the news media, it seems that President Trump just can’t do anything right. No matter what the situation or decision, it’s reported that he gets it all wrong. Turns out that maybe one of his first decisions after taking office was a good one. He suspended the outgoing administration’s move to further lower the…
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.…
Now that I have your attention, according to a recent report released by the New York Federal Reserve’s Center for Microeconomic Data (bet you didn’t know that existed), household debt in America has reached an all-time high. Is that good news or bad news? Could be both… According to the NY Fed’s Household Debt and Credit Report (another Big Brother…
Over the last month or so, aside from Russia, all we read and heard about in the news is the repeal and replacement of Obamacare and the epic fail by the Republicans in their attempts to do so. This is a passionate concern of many Americans, regardless of their political persuasion. People care deeply about the issue and those who…
To borrow a slight variation of a phrase used by James Carville, campaign strategist to President Bill Clinton, the economy is dictating what is happening in the housing markets and homeownership rates. Recent studies by the Pew Research Center, a nonpartisan fact tank in Washington, DC, found that the American Dream of homeownership may be slipping away. Today, we have…
The Mortgage Bankers Association, along with several of the mortgage industry’s largest trade groups, continue on their quest to make things better for consumers and mortgage lenders. MBA, along with the others, are seeking a meeting with the new Attorney General, Jeff Sessions, to discuss issues related to enforcement actions against lenders under the False Claims Act. These discussions would…
