loans: Can Your Social Media Presence Affect Your Loan Approval?
- 01/31/15 03:38 AM
Can your social media presence affect your loan approval ... This story from Angela Colley in the current issue of Housing Trends eNewsletter, talks about how lenders maybe combing through your social media accounts in the future ... Lenders learn a lot about you before they approve your loan—they examine credit histories, pay stubs, bank statements—but that might not be all they look at in the future. According to The Wall Street Journal, some lenders, mostly dealing in small-business loans, are combing through applicants’ social media accounts and status updates, tweets, and posted résumés. It might not be a simple fad. The Journal reports that FICO is looking into the … (0 comments)
loans: Loan Demand Surges in Oxford MI
- 06/16/14 05:21 AM
According to RealtorMag, Loan Demand Surges in Latest Week, dated 06/11/2014 this article discusses home purchases and refinancing... Mortgage applications for both home purchases and refinancing increased last week, posting an uptick after several weeks of decreases in loan originations. Mortgage application activity rose 10.3 percent in the week ending June 6, led by a large jump in refinancing applications, the Mortgage Bankers Association reported from its seasonally adjusted index. Applications for refinancings rose 11 percent last week while applications for home purchases, a leading indicator of future home sales, rose 9.3 percent, the MBA reports. Still, the purchase index remains about 13 … (0 comments)
1. Vacant property is at an all time low: builder lots in sub- divisions are 40-50-60% off prices from 2005. 2. Less demand for building materials: lumber is down 36% from 2005, sheetrock down 30% from 2009, and stucco down 15%. 3. Building costs and excavating down: building costs are down as much as $25 per square foot, excavation costs have fallen 20% as well. 4. Construction crews are ready: there is not a lot of new home construction going on right now. … (2 comments)
Can your social media presence affect your loan approval ... This story from Angela Colley in the current issue of Housing Trends eNewsletter, talks about how lenders maybe combing through your social media accounts in the future ...
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