Archive for August 31, 2015

National MI’s T.J. Lile Appointed to Colorado Mortgage Lenders Association …

EMERYVILLE, Calif., Aug. 20, 2015 /PRNewswire/ –National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc., (NASDAQ: NMIH) announces that TJ Lile, account manager with the company, has been appointed as a director for the Colorado Mortgage Lenders Association (CMLA). The CMLA is committed to responsible homeownership achieved through the practice of integrity-based lending. Founded in 1956, the CMLA membership accounts for the vast majority of mortgage lending in Colorado.

On August 6th, Lile began serving a three-year term on the board. In addition to that position, he is also serving as chairman of the CMLAs membership committee. In that role, he leads the CMLAs strategic efforts to increase overall membership.

In July, Lile graduated from the CMLAs Mortgage Leadership Program. The Colorado State University graduate has been a Certified Mortgage Lender (CML) since 2008. A Colorado native, Lile has more than 12 years of experience in banking and financial services.

TJ is a great addition to the board, said Tim Harder, president, board of directors at CMLA. He has thoroughly shown his commitment to the CMLA over the past few years.

I am very pleased to have been named a director for the Colorado Mortgage Lenders Association, Lile said. I look forward to serving the CMLA, which provides valuable education and mortgage industry services to its members.

At National MI, Lile focuses on strategic lender accounts in the Colorado and Wyoming region. He joined the company in 2013 as an account manager in the production group.

About National MI

National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is a US-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrowers default. To learn more, please visit www.nationalmi.com

Press Contact
Mary McGarity
Strategic Vantage Marketing amp; Public Relations
203-513-2721
MaryMcGarity@StrategicVantage.com

Investor Contact
John M. Swenson
Vice President, Investor Relations and Treasury
john.swenson@nationalmi.com
(510)788-8417

Photo – http://photos.prnewswire.com/prnh/20150819/259803

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SOURCE NMI Holdings, Inc.

RELATED LINKS
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Looking at some of the key parts of financial planning

While most people know financial planning is important, many don’t realize what the process fully entails or what should be included in their financial plan. As a result, even the most well-intentioned individuals and families leave themselves exposed to unanticipated risks. To help ensure you’re protected, here are some key areas to cover when creating and implementing your financial plan.

Financial statements

Needless to say, it is difficult to plan where you are going if you don’t know where you are. It all starts with basic budgeting. Everyone in the household should have an up-to-date personal balance sheet detailing all of their assets and liabilities as well as a household budget and statement of cash flow comparing actual inflows and outflows to those budgeted.

The balance sheet will help in analyzing important items such as debt to assets, liquidity and proper asset titling. The budget will help paint a more realistic picture of current cash uses, potential areas of improvement, and opportunities for saving and investing.

Retirement planning

With the burden of saving for retirement resting more squarely on the shoulders of individuals than ever before, strategic retirement planning is crucial. First, it’s important to assess when you want to retire, and what type of lifestyle you want to maintain. An analysis can then be conducted to approximate the amount of money needed at retirement and what it would take to achieve that goal. While no one can predict the future, it is important to at least have a plan and be working toward a concrete goal. Adjustments can (and no doubt will need to be) made along the way to accommodate changing circumstances.

Risk management

This component of financial planning encompasses identifying, preparing for and/or mitigating the most relevant risks facing an individual or family, including those that can be financially catastrophic. These risks will differ from person to person and may vary over time. As with all areas of financial planning, they should be reviewed regularly. By way of example, the biggest financial risk facing a young family with a sole bread-winner may be loss of income due to death, disability or other unforeseen events. It will be important in this instance to have the appropriate life insurance and disability insurance coverages as well as an emergency fund to cover at least six months of expenses. Preparation can go a long way in providing financial peace of mind.

Estate planning

Contrary to the beliefs of many, estate planning is not just for the wealthy. Transfer tax planning is just one motivating factor. Others include the avoidance of probate, asset protection for loved ones, and ensuring that assets pass and are disbursed according to your wishes.

A comprehensive financial plan should analyze where your assets would go were you to die today and then compare that outcome with your desired state. If gaps exist, strategies can be put into place to more closely align the current state with your desired outcome.

It is also important to have the appropriate legal documents in place for health care and financial matters. Estate planning requires legal counsel and each client should work closely with their estate attorney to determine the appropriate strategy.

o Jason Miller is director of financial planning for BMO Private Bank. BMO Private Bank is a brand name used in the United States by BMO Harris Bank NA Member FDIC. Not all products and services are available in every state and/or location.

Don’t Leave Your Credit Cards at Home During a Vacation

NEW YORK (MainStreet) –Leaving your credit cards at home while you are embarking on your next trip sounds like a noteworthy idea to cut down on costs, but this strategy increases the likelihood that fraudsterswill find their way into your bank account.

Among consumers who plan to take a summer holiday this year, 20% planned to pay for their trip using cash or a debit card while 13% said they would use a credit card, according to a June online poll conducted by the National Foundation for Credit Counseling, a Washington, DC-based nonprofit organization.

Many holiday goers are concerned that utilizing credit cards will encourage them to make spur of the moment purchases they could regret later on when the bill materializes. Although using cashor a debit card can help consumers to avoid going over their budget, these two options carry serious consequences.

Relativity Lenders Ask Bankruptcy Court To Block Residuals Payments For Now

The lenders saythat a payment now might improperly elevate some creditors over others evenas the court tries to determine who stands where in the lineup of entities seeing repayment.

What’s more, the filing says that the outlays would be unusual — and aren’t essential. In numeous entertainment bankruptcy cases companies never sought relief to pay prepetition participations and residuals, let alone at the outset of the case and prior to rejecting or assuming contracts.

The Financial Planning Competency Handbook, 2d ed.

If you want to become a certified financial planner you must first complete the extensive CFP Board education requirements and then pass the CFP exam. In 2013 the overall pass rate was 63.3%.

The Financial Planning Competency Handbook, written primarily by academics who are also CFPs under the auspices of the Certified Financial Planner Board of Standards, serves two functions. First, it is a supplementary prep course for the exam. Those who buy the book have access to an online site with nearly 400 practice questions. And second, since I doubt that many people preparing for the exam master (or subsequently remember) all of the material a financial planner is expected to know, it is a useful reference for practicing professionals.

How to be smart about spending in the back-to-school season

The start of a new school year can be a tricky time for budget-conscious consumers.

School supplies may not be as costly as Christmas presents, but the price tags on cool new outfits or backpacks, as well as last-minute family adventures, can quickly add up. Extra purchases in August hurt bank accounts already hit hard by summer splurges, according to financial experts.

Many of us give ourselves a little more latitude (financially and personally) during summer, US News amp; World Report notes. Back-to-school season is a good opportunity (even if you#039;re not a parent or student) to revisit your finances and get on track for the rest of the year.

This month, families should check in with financial goals, the article reports. Parents of school-aged children can adjust budgets to reflect that kids will now need to pay for a lunch at school or pack a sandwich and also account for the fees associated with sports or other school activities.

If there is still a lot of shopping to do before school starts, parents can guide their young students to the stores offering the best deals.

CNN Money published a list of the best back-to-school deals on technology this week, and a second article from US News amp; World Report shared five smartphone apps that offer great deals on school supplies.

The theme of the season should be keeping impulse buying in check, a piece of advice more and more Americans seem able to follow, as credit counselors told NPR recently. The article highlighted how people#039;s spending habits, including their approach to school supplies, have changed since the Great Recession, celebrating those who are careful with their credit cards.

According to the National Federation for Credit Counseling, only about one household in three now carries credit-card debt over from month to month. That#039;s a drop from 2009, the peak of the recession, when 44 percent of households carried credit card debt, NPR reported.

Email: kdallas@deseretnews.com Twitter: @kelsey_dallas

DBS makes it easier and faster for SMEs to apply for loans with online service

SINGAPORE – DBS Bank had launched a service that enables SME owners to apply for up to 11 types of loan products online, with no signatures required.

The service covers business loans, overdrafts, micro loans, property loans, equipment loans, vehicle financing, foreign exchange, import amp; export lines, factoring and even business credit cards.

Small and medium enterprises can also also track their loan applications on real time and get instant notifications.

Lizares: On investment and financial planning

BPI FAMILY Savings Bank (BFSB) recently brought its Financial Enrichment Series to Bacolod attended by 93 of its clients. BPI (Bank of the Philippine Islands), which celebrated its 164th anniversary last Aug. 1, is an advocate of financial literacy.

The Financial Enrichment Series is held in different cities around the country to educate its clients and prospective clients on the importance of saving and investing. The Bacolod run was held in Avenue Suites.

Ms. Delia Aninao, relationship manager of BFSB in Bacolod, was the event’s host. She opened the event by sharing her thoughts and experiences about investing.

Ms. Rochelle Santiago, business manager of BFSB Bacolod-Gatuslao branch, welcomed the guests. She stressed how important it is for BPI to ensure that their clients are aware of basic financial concepts and the financial products that are available to them in order to meet their financial goals.

The main speaker for the event was senior manager Mark Capanzana, an investment counselor for BPI handling Visayas and Mindanao. The title of his presentation was “A Present for My Future: An Investment Conversation with BPI Asset Management.”

As the title suggests, the presentation was very engaging with Mr. Capanzana encouraging a dialogue with the audience. He enlightened the audience with the reality of Filipino’s investing behavior by providing the following statistics: 8 of 10 Filipinos see a bleak retirement, about half of all Filipinos expect to be supported by their children, only 1 out of 10 Filipinos are saving for their retirement, and only 1 per cent of Filipinos will be wealthy by age 60. One by one he addressed each concern and challenged the audience that it is still possible to change those statistics.

Mr. Capanzana then handheld the clients by providing a step-by-step guide to achieving one’s financial goals. He emphasized the importance of setting a goal and providing a time frame in achieving that goal. He challenged the typical Filipino mindset of spending their income and leaving nothing for savings or investing.

Mr. Capanzana did this by providing a tried-and-tested formula in financial planning and giving an example illustrating the challenges of a typical Filipino household.

A concern for most Filipinos is the risks involved in investing and Mr. Capanzana addressed this concern by discussing how BPI manages these risks. He identified the four different investment personalities or risk profiles: conservative, moderately conservative, moderately aggressive and aggressive.

Each client will fall under any one of these profiles. Only after identifying a client’s risk profile will BPI recommend an investment solution by matching the client’s risk profile with the appropriate investment product/s. He introduced the different types of investment funds: money market funds, bond funds, equity funds and balanced funds.

The audience was pleased to know that BPI funds have performed well in the past. Mr. Capanzana shared the top five performing equity unit investment trust funds (UITF) in the industry, three of which are BPI Funds: BPI Philippine High Dividend Equity Fund (1st), BPI Equity Value Fund (2nd) and BPI Odyssey Tax-Exempt Philippine Equity Fund (5th).

Ms. Ma. Theresa Kimpo, business manager of BFSB Bacolod-Lacson branch, was overjoyed with the outcome of the activity. Aside from the large number of attendees, she said that a lot of attendees gave positive feedback on the event with a number of clients requesting for similar activities in the future from BPI.

Blue Global Sets Goals and Vision for Service to Lenders and Traffic Partners

SCOTTSDALE, Ariz., Aug. 20, 2015 /PRNewswire/ –Blue Global, established in Scottsdale, Arizona, has been an industry leader in the loan marketplace for over 10 years. Operating a proprietary worldwide loan marketplace, Blue Global is considered the first-of-its-kind in matching people to non-traditional loans and investments. CEO and founder of Blue Global, Chris Kay, has extensive experience in the online loan marketplace and collaborates with a team of experts to provide a unique and successful product.

Blue Global values partnerships with their stakeholders, including borrowers, lenders, and traffic partners by bringing the most innovative service to the online lending industry. The company provides the highest level of return on investment, offer conversion, stability, consistency, compliance, and transparency for traffic partners highly involved in running financial traffic. As the company continues to expand its efforts to bring outstanding service and support to stakeholders in the loan marketplace, Blue Global focuses on being strategic with partnerships to optimize short and long-term success.

As a non-traditional loan marketplace, Chris Kay finds that lenders rely on the highest level of consistency, return on investment, compliance, volume, lead verification, and lead quality. This is why he has set the company goals and vision upon these key elements. Chris Kay explains, The conversion rates for loan applications originated from our platform are the highest in the industry as we directly source the customer organically from internal websites and applications.

Lenders and traffic partners are finding outstanding service and support from the team of experts at Blue Global. The company continues to be an industry leader as team members diligently work to innovate and optimize the online lending experience and make it successful for each stakeholder involved with the process.

About Blue Global
Scottsdale, Arizona-based Blue Global is a prominent consumer loan lead generation company. Founded in 2006 by Chris Kay, the company has one of the largest networks of affiliates that it uses to source these leads, providing customers with quality, real-time leads based on their criteria. For more information about Blue Global, visit http://www.blueglobalmedia.com.

Media Contact:
Audrey Peck
Email
480-543-7701

SOURCE Blue Global Media

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HRDC receives lender award

The Minnesota Housing Top Producing Fix Up Lender Program gives awards out annually at three different levels: platinum, gold and silver. Lenders meeting the production threshold for each level based on regional production are recognized as top producers and show a deep understanding of Minnesota Housing home improvement programs.  

The Fix Up loan program provides affordable, fixed interest rate home improvement loans for repairs, remodeling projects, accessibility needs and energy efficiency improvements. The program offers secured loans up to $50,000 and unsecured loans up to $15,000.