States That Stand to Lead Home-Equity Origination

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Previous: Areas at Highest Risk of a Foreclosure Surge Next: Commentary: Making it as a Female Mortgage Servicer Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / States That Stand to Lead Home-Equity Origination Share Save Demand Propels Home Prices Upward 2 days ago credit Loan WalletHub 2020-09-30 Christina Hughes Babb Due to economic impact of COVID-19, more Americans are taking out home-equity and other types of loans, according to a new study by WalletHub.”Americans who are having trouble with their finances during the COVID-19 pandemic are searching for all sorts of options to relieve the pressure, from home equity loans to payday loans,” according to the report. “However, people’s interest in getting these types of loans varies from state to state. In order to determine the states where people are searching for loans the most during the pandemic, WalletHub compared the 50 states and the District of Columbia across four key metrics. These metrics combine internal credit report data with data on Google search increases for three loan-related terms.”Here is what the researchers discovered:The residents of these 10 states are most likely to seek a home equity loan:Connecticut, Minnesota, New York, Indiana, Alabama, Kansas, Virginia, Florida, Michigan, and Iowa.The report breaks down the loan searches for 51 states.For the report, WalletHub consulted several experts soliciting their opinions on the relative safety of taking out loans of any type. None of them recommended seeking payday loans or even home equity loans, but rather recommended borrowing from family and/or acquaintances when possible, or a credit union.”If a person has a trust financial institution or bank, I would suggest meeting with a loan officer to assess what the credit implications might be,” said Frank H. Shafroth Director, Center for State and Local Government Leadership at George Mason University.Wallet Hub also asked the experts “what policy interventions can be taken by local authorities in order to help those in need financially during this economic downturn?” To which Shafroth replied, “Adopting a policy which permits deferral of property foreclosures: that was a critical element in Detroit’s recovery from the nation’s greatest chapter 9 municipal bankruptcy – otherwise, forcing people out of their homes could put them at greater risk of catching the virus and infecting many, many others.The study can be accessed in full on the WalletHub website. 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. Related Articles Tagged with: credit Loan WalletHubcenter_img Servicers Navigate the Post-Pandemic World 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago September 30, 2020 973 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago States That Stand to Lead Home-Equity Origination Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Christina Hughes Babb  Print This Postlast_img read more

Mourinho to intensify his pursuit for Rooney, says “there’s no time limit”

first_imgChelsea boss Jose Mourinho claims “there is no time limit” for the club’s pursuit of Manchester United’s Wayne Rooney.Rooney has been strongly linked with a move to Stamford Bridge after Chelsea lodged a bid for the unsettled forward.United have repeatedly insisted the striker is not for sale, but Mourinho insists he has no plans to give up on his target.“There is no time limit,” said Mourinho.“We have our squad of strikers. We have identified the player as one we would look to have with us.”The interest is believed to frustrate United with the Premier League champions continuing to be adamant that they have no intention of letting Rooney go. But Mourinho believes Chelsea have acted properly in their dealings, having done all of their activity through the official channels.He added: “We are doing things legally, making the official bid directly to the club, no interviews or comments or direct relations with the player, no contact, absolutely nothing.“We have done it in an ethical way and we are going to do that until the last day. And we will see how it comes.”last_img read more