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Author Archives: Brian Honea

Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.

Wingspan Portfolio Advisors Files For Bankruptcy

Wingspan Portfolio Advisors filed for Chapter 7 bankruptcy on Tuesday in the United States Bankruptcy Court for the Eastern District of Texas, the court confirmed to DS News. In a Chapter 7 bankruptcy, the company ceases operations while a trustee liquidates a company's assets in order to pay off debt. A company in Chapter 7 bankruptcy continues operations only if the trustee decides to continue.

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Foreclosure Metrics Experience More Double-Digit Declines

On a year-over-year basis, foreclosure inventory—residential homes in some state of foreclosure—declined by 27 percent nationwide, down to about 491,000 homes, according to CoreLogic. This number represents about 1.3 percent of all residential homes with a mortgage nationwide. In May 2014, about 676,000 homes were in foreclosure, comprising 1.7 percent of all mortgages nationwide.

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More Millennials Are Willing to Sacrifice Conveniences for Homeownership

About 75 percent of millennials, commonly known as generation Y, would rather apply for a mortgage loan with a traditional bank as opposed to an alternative lender or nonbank institution, according to the survey, indicating that millennials think more like their parents when it comes to obtaining financing for a first home.

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Congressional Hearings to Cover Economy, Monetary Policy, and Agencies’ Activities

On Wednesday, July 15, the House Financial Services Committee will receive the testimony of Fed Chair Janet Yellen in a full Committee hearing titled "Monetary Policy and the State of the Economy." Chair Yellen will update the Committee on the progress of the economy toward meeting the four benchmarks for the economy as set by the Full Employment and Balanced Growth Act (Humphrey Hawkins) Act of 1978.

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New York AG Highlights Success of Home Retention Programs

Schneiderman said the three programs his office has created, the Homeowner Protection Program (HOPP), the New York State Mortgage Assistance Program (NYS MAP), and AGScamHelp.com, have benefited tens of thousands of homeowners in New York State by helping them avoid foreclosure and keeping them in their homes.

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Inflation Rate and International Developments Are Areas of Economic Uncertainty

Rosengren said slack in the labor market, or excess supply, may exist despite the recent decline of the unemployment rate to 5.3 percent, which may be a reason why the inflation rate remains subdued. The employment-to-population ratio may be evidence of slack in the labor market, though some of the slack can be attributed to changes in demographics, according to the Boston Fed.

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