Look at the numbers: 20.6% increase in home equity lending year over year, HELOC’s represent 15.4% of all mortgage lending nationwide, borrower equity increased by $1 trillion year over year and nationwide 1 million homes in positive equity.
This December, I started a book and read it. From start to finish. It was J.B. MacKinnon’s “The Once and Future World.”
I was watching a presentation from a potential supplier the other day, on how they propose our walls in our new branch should be designed so our credit union can be as flexible as possible for current and future needs.
Jeff Bezos is too busy making money to worry about whiners. My wife and I finished putting up our Christmas tree yesterday and sat down for a nice glass of wine and a football game.
Most people working in the financial industry are familiar with "unbanked" and "underbanked" people. Underbanked people may have a credit union or bank account, but tend to rely on alternative financial services like check-cashers and payday lenders. Unbanked people have no checking or savings account.
The morning after election day is euphoric for half of the electorate, and misery for everyone else. While the victors celebrate a hard fought battle and the pleasure of knowing that they bet on the right horse, the losing side is left to wonder what went wrong.
Industry after industry has been disinter-mediated by the Internet and new technologies. The music industry, the television industry, the movie industry, the retail industry, the advertising industry, the publishing industry, the travel industry and the telecommunications industry. Just to name a few.