CFPB Goes After Credit Repair Companies

CFPB

They are going after credit repair companies that are misrepresenting their ability to repair someone’s credit.  In their complaint they are seeking penalties against four credit repair companies totaling $2,000,000.00.  The four companies targeted by the CFPB are Prime Credit, IMC Capital, Consumer Credit Consultants and Park View Law. Per A Statement From CFPB Director Richard Cordray: “Today, the bureau … Read more

Millennials want their own homes – TransUnion

First Time Home Buyer Home

According to TransUnion – 55% of people shopping for mortgages in the first quarter of 2017 were non-homeowners (renters).  This is a 50% jump compared to last year and a 45% jump compared to 2015.  Digging deeper in to the study you’ll find that 29% of renters who shopped for a mortgage were millennials, up slightly from the 28% in 2016 … Read more

Less Than Perfect Credit

Credit Score

Do you happen to have “less than perfect credit” or “bad credit”? There are many homeowner’s or potential homeowner’s that don’t have great credit and locating a new mortgage might seem impossible. Just because you have less than perfect or bad credit does not mean you can not obtain a new mortgage. There are many loan programs available to those … Read more