Personal Credit Coach

Gen Z Got It

Stephen Leifer - Tuesday, May 07, 2019
Gen Z Got The Memo: Owning A Home Is Worth It More Than Half of Gen Z Already Saving for a Home, Motivated by Current Homeowners of All Ages Who Say the Satisfaction of Owning Outweighs the Challenges The youngest generation of homebuyers is not dragging their feet. According to Bank of America’s Homebuyer Insights Report, 59 percent of prospective homebuyers between the ages of 18 and 23 want to buy within the next  ..

Study Details Millennials' Unhealthy Credit Habits

Stephen Leifer - Monday, April 08, 2019
Study Details Millennials’ Unhealthy Credit Habits (https://nationalmortgageprofessional.com/news/70302/study-details-millennials-unhealthy-credit-habits) Millennials have a very distinctive approach to handling their credit, according to a new study released by TD Bank's Consumer Spending Index (https://www.prnewswire.com/news-releases/td-banks-annual-consumer-spending-index-reveals-credit-knowledge-gap-exi ..

Will Equifax ever pay the price for massive hack?

Stephen Leifer - Tuesday, March 26, 2019
Eighteen months since news of the colossal data breach at Equifax broke, the company responsible for one of the country’s largest, and likely the most damaging, losses of personal information has yet to face monetary penalties. At the same time, very little has been done in the way of reform. That could soon change. According to Equifax’s annual report (https://otp.tools.investis.com/clients/us/equifax/SEC/sec-show.aspx?Type=html&FilingId=13243973&CIK=0000033185&a ..

Is it okay to apply with more than one mortgage lender at the same time?

Stephen Leifer - Monday, March 25, 2019
Is it okay to apply with more than one mortgage lender at the same time? Two-timing your mortgage lender? When shopping for a mortgage, you’ll compare mortgage rates, select a provider and start your application. But should you apply with more than one mortgage lender? There are several reasons that it might make sense to do so: To make sure that you can secure at least one mortgage approval You want to have a couple of offers to get the best mortgage rate You may disco ..

Maxine Waters: “This Hearing Was Long Overdue”

Stephen Leifer - Monday, March 04, 2019
Maxine Waters: “This Hearing Was Long Overdue” in Daily Dose (https://dsnews.com/category/daily-dose), Featured (https://dsnews.com/category/featured), Government (https://dsnews.com/category/news/government), News (https://dsnews.com/category/news) 6 days ago On Tuesday, the House Financial Services Committee (https://financialservices.house.gov/) held a hearing titled "Who's Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System." The hearing  ..

Using a Credit Repair Counselor

Stephen Leifer - Thursday, February 28, 2019
Using a Credit Repair Counselor If you have less than perfect credit and want to repair it back to a positive state, you may want to enlist the help of a certified credit repair counselor. What is a certified credit repair counselor? I call it my mother since she’s a whiz with budgets and money. But a certified credit repair counselor is someone who will take a look at where you stand financially, help you go through your credit reports and identify areas where you can make chan ..

Nearly Half of Homebuyers Paying Above Asking Price

Stephen Leifer - Wednesday, February 27, 2019
Nearly Half of Homebuyers Paying Above Asking Price February 26, 2019 Phil Hall (https://nationalmortgageprofessional.com/users/phil-hall) (https://nationalmortgageprofessional.com/news/70150/nearly-half-homebuyers-paying-above-asking-price) Forty-five percent of homebuyers who purchased a residential property in the past five years wound up paying more than the asking price before h ..

Study: Millennials Locked Down by Their Credit Score

Stephen Leifer - Tuesday, July 17, 2018
When it comes to financial freedom, nearly half of today's Millenials feel that their credit score is keeping them from achieving their monetary goals. According to a survey of 1,000 Millennials conducted by the Chicago based fintech firm OppLoans, 46 percent of respondents said they felt held back by their credit scores. Twenty-five percent said poor credit had hurt their chances of getting an apartment or house, while 14 percent said they were forced to live with roomat ..

Analysis: Just What Did Mick Mulvaney Say in His ABA Speech?

Stephen Leifer - Friday, April 27, 2018
NMP- April 26, 2018 Phil Hall (https://nationalmortgageprofessional.com/users/phil-hall) On Tuesday, Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau (CFPB), gave a speech before the membership of the American Bankers Association (ABA) that has been widely reported as reaffirming the venality and corruption of Washington. In reality, Mulvaney offered a tough but honest assessment of his agency’s congressionally ..

Mulvaney plans to end public access to CFPB complaint database

Stephen Leifer - Thursday, April 26, 2018
www.mpamag.com-Ryan Smith- The acting director of the Consumer Financial Protection Bureau may end public access to a web portal consumers use to file complaints against financial companies, according to a new report. Acting CFPB Director Mick Mulvaney told an audience at an American Bankers Association conference this week that he planned to eliminate public access to the CFPB’s complaint database, according to The Wall Street Journal. Mulvaney said the database contains infor ..