Reaching 70% Purchase Volume in 2013 - A Lofty Goal?; Investor and M&A Updates; Mortgage Jobs

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Posted To: Pipeline Press

" Total debt service payments as percentage of disposable income have fallen from a peak of 14.1% in 7/07 to just 10.6% today, a level last seen in 10/93; a decline of 25%. This is due to a combination of low interest rates , rising disposable income, and lots of mortgage defaults, which have reduced household debt from 100% of GDP in 4/09 to just 86% now." So writes economist Elliot F. Eisenberg, Ph.D. Maybe we'll arrive at the point where no one with good credit needs credit, or has debt payments?! Lenders are continuing to expand, and due to growth, CUSO TruHome Solutions, LLC is currently hiring for a VP of Servicing to join their Executive Leadership team as part of its long-range plan to bolster its burgeoning business. This addition comes just after TruHome, one of the fastest growing...(read more)

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Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/01162013-bexil-mortgage-jobs-debt.aspx

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