Manns Medium

And hits just keep coming for Mitt Romney and the Romney Team who seems to have bet on the economy getting so bad that the American voters have no choice but to vote Barack Obama out and him in.   Personally I can’t say that I am sorry that the economy is making a slow but steady comeback despite the major lending institutions sitting on trillions of dollars instead of putting country first.   Despite those in Washington so determined to undermine this administration at all cost even if it means sinking the entire nation to do so.   Despite those who just can’t stand seeing a Black man in the White House unless his title is janitor.   Despite those whose hatred of this man has clouded their better judgment and made them so determined to chase him away from Pennsylvania Avenue that they are willing to accept any kind of lie to make them feel better.   For those of us who truly pay attention, we know that the lagging indicator of any policy and this economy i...

To many the words according to Ken Clark, a debt/credit expert and certified financial planner, are all but true.   He is quoted as saying that quite simply, your credit score summarizes your credit risk based on a snapshot of your credit standing at a particular point in time. It’s an overall assessment of your financial responsibility (Rate Nerd).   Then there are those who take on the view of the Manhattan Financial Group who states “t ypically, a person with a bad credit score is in this position because they lack structure in their life. There are, of course, cases where unplanned health or employment complications are to blame, but for the most part, these are individuals who lack the discipline to pay their bills on time or curb their spending.”   So who’s right or are they both correct? Origin To begin to understand the importance of this article we must first review. “ Equifax is the oldest of the three bureaus, having been founded in 1899 as Retail Credit Com...

In the business world, so many consult the bottom line and then begin to search far and wide for something or someone to blame when it does not match what they see or wish to see.   The same can be said here regarding the fall of mortgage applications. Being a former mortgage specialist, lenders send out a matrix of the requirements to secure a loan with their individual companies.   Mortgage professionals then search for clients who meet those requirements before putting together a mortgage application.   Many mortgage professionals will not waste their time putting together an application that they do not feel has a good chance of passing underwriting by the lender.   One of the major points of decision for lenders is and always will be the individual’s credit score.   All else can match up perfectly with the lenders requirements but if the credit score does not, there is no loan.   The entities who control how credit scores are figured are none other th...