CFPB Proposes Using Alternative Data for Credit-Poor Consumers

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Subscribe Home / Daily Dose / CFPB Proposes Using Alternative Data for Credit-Poor Consumers About Author: Ryan Schuette CFPB Proposes Using Alternative Data for Credit-Poor Consumers Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: CFPB Credit Poor mortgage Data Provider Black Knight to Acquire Top of Mind 2 days ago February 16, 2017 1,529 Views Related Articles in Daily Dose, Featured, Government The nation’s top consumer credit watchdog agency wants to know how the public feels about credit agencies potentially gleaning information about their financial histories from past bill statements.The Consumer Financial Protection Bureau launched the effort Wednesday on the premise that access to these documents could help millions of Americans considered invisible to credit agencies, or lacking in established credit histories.The bill statements could range from those for rent and cell phones to receipts for electronic deposits and withdrawals from financial institutions.The reason why? Consumers without established credit records usually resort to lenders with higher-priced loan offerings. The CFPB said the burden falls hardest on the young, minorities, and those from low-income backgrounds.According to the agency, some 26 million Americans fit that description, and another 19 million have credit histories that have gone dry.“Alternative data from unconventional sources may help consumers who are stuck outside the system build a credit history to access mainstream credit sources,” CFPB Director Richard Cordray said in a statement.“We want to learn more about whether this non-traditional approach can offer opportunities to millions of Americans who are credit invisible and how to minimize any risks in how this information is used,” Cordray added.The CFPB holds that accurate credit reporting could significantly improve lending services for these consumers and cut down on wrongful reports that lead to higher-priced loans down the line.As is typical for these sorts of inquiries, the agency is seeking public feedback on its proposal. To view the CFPB’s public request for information, click here. The Best Markets For Residential Property Investors 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago CFPB Credit Poor mortgage 2017-02-16 Ryan Schuette Servicers Navigate the Post-Pandemic World 2 days ago Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport. Previous: Trending Economics: Where the Market is Headed This year Next: Transforming the Tenant Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Sign up for DS News Daily last_img read more

An Outlook on the Housing Market

first_imgHome / Daily Dose / An Outlook on the Housing Market  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe An Outlook on the Housing Market About Author: Radhika Ojha Rick Sharga, EVP, Carrington Mortgage Holdings discusses some of the pressing issues facing today’s housing market and the trends that are likely to shape it in 2019. Servicers Navigate the Post-Pandemic World 2 days ago Previous: What did S&P Say About Mortgage Defaults? Next: Searching for Leadership in Washington, D.C.center_img Tagged with: Carrington Foreclosure Homes HOUSING Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Market Studies, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Carrington Foreclosure Homes HOUSING 2018-10-22 Radhika Ojha Demand Propels Home Prices Upward 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. The Best Markets For Residential Property Investors 2 days ago October 22, 2018 1,536 Views Share Save Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

DS5: Optimism in Mortgage Servicing

first_img In this installment of DS5: Inside the Industry, Stanley Middleman, the CEO for Freedom Mortgage Corporation delves into how the mortgage industry can best assist homeowners coming out of forbearance.As Middleman notes, many homeowners are surprisingly able to make their home payments during this pandemic: “To see so many people be able to make their payments—it really restored my faith in humankind,” he said.You can watch the full episode at the embed below or at the following link.  Servicers Navigate the Post-Pandemic World 2 days ago Subscribe June 16, 2020 1,114 Views Demand Propels Home Prices Upward 2 days ago Previous: Single-Family Rental Prices Slow This Spring Next: FHFA Extends Foreclosure and Eviction Moratorium DS5 2020-06-16 Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer.  Print This Post The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Tagged with: DS5 The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Savecenter_img in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Home / Daily Dose / DS5: Optimism in Mortgage Servicing Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago DS5: Optimism in Mortgage Servicinglast_img read more

Payment-Market Evolution Explained

first_img Share Save Sign up for DS News Daily  Print This Post Data Provider Black Knight to Acquire Top of Mind 1 day ago Demand Propels Home Prices Upward 1 day ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 2020-12-07 Christina Hughes Babb in Daily Dose, Featured, News About Author: Christina Hughes Babb Servicers Navigate the Post-Pandemic World 1 day ago December 7, 2020 797 Views Although like many sectors, it has faced challenges related to COVID-19, the payments market is quickly evolving, according to industry insiders.Marius Galdikas, CEO at ConnectPay, a fintech bank, notes that factors including Banking-as-a-Service, the pursuit of regulation, less reliance on third-parties, enhanced biometrics, and increased flexibility are likely to have the most impact on the payments market into 2021. He proceeds to detail the effects of trends in payments:Employing banking-as-a-service, or BaaS: This mode allows any company to embed financial services, enabling the organization to focus on product innovation rather than infrastructure development. “[That’s ]because the required banking stack can be integrated via API-driven platforms. Sometimes referred to as embedded finance, the service creates an opportunity for any tech company to become a fintech in a shortened timeframe,” Galdikas says.Embedded finance paves the way for creating financial products without needing to start from scratch, he adds.”As the interest in BaaS continues to grow, it could help tech companies gain a significant advantage against their competitors.”Market players seek more regulation: Those companies operating within under-regulated sectors recently has started appealing to policymakers to increase regulation, Galdikas said, citing the crypto industry.“Having a clearly defined regulatory framework would help industries currently viewed as more ambiguous to position themselves as reliable allies and pave the way for stronger partnerships with other market players. Not to mention it would help to diminish associations with fraudulent activities, reassuring current and potential clients,” Galdikas said.Decreasing third-party reliance: Companies of late have been compelled to re-evaluate the risks of having third-party suppliers, Galdakas notes, citing data breaches due to external vendor vulnerability, as well as a few incidents that called into question their reliability in general. Payment providers these days seek solutions that would help “take matters into their own hands … move more operations in-house, and lessen dependency on any intermediaries,” he added.”Setting up capable in-house solutions allows to retain more transactional control and increase overall fund security, as fewer parties are involved in the payment process.”Enhanced use of biometrics: The ability to confirm the buyer’s identity and approve transactions through face, fingerprint, and palm recognition is another rising trend in the market that Galdikis expects to evolve in coming months and years.“All payment services in-use could be secured by a single personal feature. It would make the entire process faster,” he said. “Moreover, this provides an extra layer of security, as personal features are harder to replicate by scammers.”He pointed out that a recent study revealed that 56% of shoppers would prefer using a biometric sensor instead of a PIN to make a payment, “hinting at the increasing appeal of such solutions for consumers as well.”More flexibility: Providers in today’s market are doing everything possible to mitigate pandemic-related concerns, Galdikis said, which includes offering flexible solutions. For example, major market players, such as PayPal and Chase,  have entered the “buy-now-pay-later market,” which gives customers the option to pay off a purchase over a period of time with zero-interest and fixed-rate monthly installments,” he said. The move toward flexibility encompasses not only such delayed payment options but also the rise of new payment platforms.”For instance … Google is laying the groundwork for Plex, a mobile-first bank account integrated into GooglePay,” he said.The point of the evaluation, Galdikis says is that consumer needs are ever-evolving, and the pandemic has greatly influenced which aspects have become more important in the past few months.”With a fair amount of uncertainty expected to carry over to next year,” he said, “this is only the beginning of novel solutions, designed to adapt to consumers‘ changing habits.” Payment-Market Evolution Explained Servicers Navigate the Post-Pandemic World 1 day ago Demand Propels Home Prices Upward 1 day ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Payment-Market Evolution Explained The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Previous: How Foreclosure ‘Wave’ Could Impact Housing Shortage Next: The Long Road Ahead for Default Servicing The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 1 day ago Subscribelast_img read more

Student grant delays to get Oireachtas hearing

first_img Guidelines for reopening of hospitality sector published Google+ By News Highland – November 13, 2012 Google+ Twitter News Pinterest Three factors driving Donegal housing market – Robinson 50-thousand students at Third Level institutions here are still waiting for their grants, several weeks into the new academic year. Over two thousands of them are in DonegalToday, the heads of the State’s new online grant application processing body – SUSI – will come before an Oireachtas committee on education, to face questions about massive delays in their office.No extra funding has been allocated to SUSI to deal with a backlog of some 50-thousand grant applications.Cork TD Jonathan O’Brien is Sinn Féin spokesperson on education – he’s holding the government responsible: Help sought in search for missing 27 year old in Letterkenny 448 new cases of Covid 19 reported today WhatsAppcenter_img Twitter NPHET ‘positive’ on easing restrictions – Donnelly Student grant delays to get Oireachtas hearing Previous articleGlengad man fined and banned from driving in DerryNext articleTainaste and MP take up Malin Head Coastguard cause News Highland Facebook RELATED ARTICLESMORE FROM AUTHOR Facebook WhatsApp Calls for maternity restrictions to be lifted at LUH Pinterestlast_img read more

Accusations that The Bishop of Derry was involved in abuse ‘cover up’

first_img Twitter News WhatsApp Guidelines for reopening of hospitality sector published Facebook Calls for maternity restrictions to be lifted at LUH RELATED ARTICLESMORE FROM AUTHOR Google+ The Bishop of Derry has been accused of being involved in a compensation deal to cover up alleged child sex abuse.Dr Seamus Hegarty was one of three priests named in a civil settlement after an eight-year-old girl was abused over a 10-year period from 1979.”The Belfast Telegraph reports £12,000 was paid to the alleged victim, subject to a confidentiality agreement.It comes as the head of Ireland’s Catholics apologised for his role in mishandling a serial child abuser.As a priest in 1975 Cardinal Sean Brady was at meetings where children signed vows of silence over complaints against paedophile priest Fr Brendan Smyth.Smyth was eventually convicted of dozens of offences against children.But despite allegations being previously investigated by church officials, including Cardinal Brady, it was almost 20 years before he was brought to justice.He said he wanted to apologise to “all those who feel I have let them down”.Meanwhile, Pope Benedict XVI has announced that on Friday he will sign his long awaited pastoral letter dealing with paedophilia in Ireland.He said in recent months the church in Ireland had been “rocked by the crisis of abuse of minors” and hoped his letter would “help repentance, healing and renewal”. Pinterest By News Highland – March 18, 2010 Pinterestcenter_img Previous articleSt Patrick’s Day celebrated across DonegalNext articleDonegal fire services stretched tackling gorse fires News Highland Three factors driving Donegal housing market – Robinson Facebook Accusations that The Bishop of Derry was involved in abuse ‘cover up’ NPHET ‘positive’ on easing restrictions – Donnelly WhatsApp Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

Youths cheer as elderly couple brutally attacked in Derry

first_img Need for issues with Mica redress scheme to be addressed raised in Seanad also Pinterest WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week By News Highland – June 22, 2012 Google+ Twitter Facebook Guidelines for reopening of hospitality sector published Calls for maternity restrictions to be lifted at LUH Youths cheer as elderly couple brutally attacked in Derry Facebookcenter_img Previous articleSIPTU hope to reduce 29 redundancies at Abbotts in SligoNext articleDonegal born Priest was ‘horrified’ by allegations teenage girl made against him News Highland Twitter Pinterest News A 64-year-old man is recovering in hospital after he and his wife were attacked by youths outside their home in Derry on Wednesday night.One of the victims said other youths cheered as the couple were assaulted outside their house on the Racecourse Road.Jack Doherty has three cracked ribs, plus arm, head, and back injuries.His 63-year-old wife Margaret suffered neck injuries after being grabbed by the throat.Derry City Cllr Tony Hassan says it was a sickening attack….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/06/tony.mp3[/podcast] RELATED ARTICLESMORE FROM AUTHOR LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+ Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey WhatsApplast_img read more

Increase in number of death certificates mentioning alcohol

first_imgNewsx Adverts Need for issues with Mica redress scheme to be addressed raised in Seanad also Pinterest There’s been an increase in the number of death certificates which mentions alcohol following the introduction of a new codification system.According to the Central Statistics Office, alcohol was mentioned on death certificates in 1,895 cases dealt with by coroners during a three year period between 2007 and 2009.Chairperson of the Coroners Society, Clare County Coroner Isobel O’Dea, said anecdotally there had been a rise in the number of cases coming before coroners where alcohol had played a significant role, but she stressed that just because alcohol is mentioned on a death certificate did not mean it played a direct or contributory role in the death.However, she said there were “no guidelines” as to how individual coroners dealt with the presence of alcohol in a deceased person and, in many cases, there was no way of knowing what role, if any, it had played in that person’s death.The Irish Examiner says three out of four coroners it spoke to in Donegal reinforced Ms O’Dea’s view that there has been an increase.Meanwhile, a comparative study of A&E attendees at four hospitals nationwide shows that Letterkenny had the lowest amount deemed to need advice on alcohol intake. 30% of those screened at Letterkenny General Hospital required brief advice, versus 41% in Waterford, 33% in Naas and 56% in Cork. Twitter Dail hears questions over design, funding and operation of Mica redress scheme 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report RELATED ARTICLESMORE FROM AUTHOR Google+ Facebook Increase in number of death certificates mentioning alcohol WhatsAppcenter_img Previous articleHearings begin into A5 Dual Carriageway planNext articleGrenade thrown at police in Derry News Highland Twitter Pinterest Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Minister McConalogue says he is working to improve fishing quota WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week By News Highland – May 9, 2011 Google+last_img read more

Three yatchs forced away from Greencastle Port by protestors

first_img Previous articleNorths Regional Development Minister raises doubts over A5 projectNext articleControversial Dungloe development can go ahead – objection cheque wasn’t signed News Highland Three yatchs forced away from Greencastle Port by protestors Almost 10,000 appointments cancelled in Saolta Hospital Group this week Google+ Dail hears questions over design, funding and operation of Mica redress scheme Facebook Pinterest RELATED ARTICLESMORE FROM AUTHOR Twitter Twitter WhatsApp Minister McConalogue says he is working to improve fishing quota center_img Facebook WhatsApp News Pinterest Google+ Need for issues with Mica redress scheme to be addressed raised in Seanad also Its been revealed that three yatchs were denied shelter from a storm in a Co Donegal port by protesters claiming to protect the rights of fishermen.The yachts, from France, Sweden and Buncrana were stopped from entering Greencastle harbour on May 7th after high winds forced them to seek shelter.It’s understood the boats had come in as far as the pontoon but, after suffering verbal abuse from protesters, the crews were forced to put to sea in the stormy conditions.The dispute centres on the installation of two pontoons last year at Greencastle harbour. Protesters say they fear the pontoons mark the beginnings of a marina that will force out traditional fishermen.Donegal County Councillor, Mickey Doherty, said that it was a disgrace that three visiting yachts were turned away:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/05/mdoc1pm.mp3[/podcast] Man arrested in Derry on suspicion of drugs and criminal property offences released 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report By News Highland – May 20, 2011 last_img read more

Letterkenny could be set for biking tourism project – Mc Hugh

first_img Letterkenny could be set for biking tourism project – Mc Hugh 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report By News Highland – January 16, 2012 WhatsApp Pinterest Google+ Man arrested in Derry on suspicion of drugs and criminal property offences released Facebook Google+ Donegal North East Deputy Joe Mc Hugh says he believes a major tourism project could shortly be announced for Letterkenny.In a message to party members, he says he is confident that in the coming weeks, a forestry site close to Letterkenny will be confirmed by Coillte as a centre for off-road biking tourism.He says off-road mountain biking is an increasingly popular tourism pursuit in northern Europe, and is especially popular in Northern Ireland.Deputy McHugh says support from tourism bodies is important if the plans are to come off:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/01/joem8301.mp3[/podcast] Minister McConalogue says he is working to improve fishing quota Twittercenter_img Dail hears questions over design, funding and operation of Mica redress scheme Newsx Adverts Previous articleFoyle Road reopens after factory is demolishedNext articleMurder probe launched after Malin Head native is killed in Glasgow News Highland Facebook Dail to vote later on extending emergency Covid powers Twitter Pinterest WhatsApp RELATED ARTICLESMORE FROM AUTHOR Need for issues with Mica redress scheme to be addressed raised in Seanad also last_img read more