Processing, HELOC Products; Borrower/Customer and Technology Trends

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Posted To: Pipeline Press

“My credit score is low but its low because I want to protect myself from identity theft. No one can take out a mortgage in my name if I can’t even take out a mortgage in my own name.” Would you give the United States a mortgage? Or, put another way, loan it money? Millions of people institutions do, every day, in the form of buying debt backed by our government. The U.S. federal deficit is forecasted to reach $1 trillion for the 2020 fiscal year, according to new estimates from the Congressional Budget Office . That debt has been increasing following a $1.5 trillion tax cut and a budget deal that increases government spending by hundreds of billions of dollars. “The nation’s fiscal outlook is challenging,” the director of the CBO said. But hey, why believe…(read more)

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