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07Aug2017

American “Fixer Uppers” Cost Record Sums

. August 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC According to Harvard University’s Joint Center for Housing Studies, Americans are expected to spend $316 billion on remodeling their homes in 2017, up $20 billion from last year. As a shortage of newly built, single-family homes in the United States locks buyers out of the
  • 7 Aug, 2017
  • Summit Alternative Investments
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01Aug2017

Financial Déjà Vu: Auto Loan Defaults Increasing

. August 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC Almost a decade after the subprime mortgage crisis of 2007, the financial industry is embracing another type of subprime debt: auto loans. More Americans with bad credit started getting auto loans after the recession and often had interest rates as high as 29 percent. Often,
  • 1 Aug, 2017
  • Summit Alternative Investments
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01Aug2017

GOP and Consumer Financial Protection Bureau Go Head to Head

. August 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC Congressional Republicans have vowed to use the Congressional Review Act to overturn a long-awaited arbitration rule released by the Consumer Financial Protection Bureau (CFPB). The rule targets credit card companies and banks that use arbitration clauses in customer contracts to block lawsuits over alleged wrongdoing
  • 1 Aug, 2017
  • Summit Alternative Investments
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24Jul2017

June Consumer Sentiment Barely Exceeds Expectations

. July 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC According to a report by the University of Michigan, U.S. consumer sentiment came to a seven-month low in June at 95.1 percent, which rose slightly above economists’ expectations of 94.5 percent. Consumer sentiment remained relatively stagnant in May at 97.1 percent, a 0.1 point increase
  • 24 Jul, 2017
  • Summit Alternative Investments
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04Jul2017

Student Loan Debt is Preventing Millennials from Buying Homes

. July 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC Millennials in the United States are taking longer to invest in the quintessential American dream of a white picket fence – and student loan debt is mainly to blame. As homeownership among young people reached a record low in 2017, national student debt reached an
  • 4 Jul, 2017
  • Summit Alternative Investments
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27Jun2017

U.S. Job Openings at All-Time High

. June 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC Business is expanding in the United States to the point where job openings has reached an all-time high, and unemployment have reached a 16-year low. According to the Bureau of Labor Statistics, the rate of openings hasn’t been as high since the Great Recession of
  • 27 Jun, 2017
  • Summit Alternative Investments
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19Jun2017

U.S. Markets at Highest Risk Since the Recession

. June 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC Bill Gross, fund Manager at Janus Henderson Group Plc, says that the level of risk he sees in the current United States market is at its highest since The Great Recession of 2008. At the Bloomberg Invest New York summit last week, he said that
  • 19 Jun, 2017
  • Summit Alternative Investments
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08Jun2017

New Bill Could Take Down Consumer Watchdog

. June 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC A new bill aims to dismantle the powers of the independent watchdog, the Consumer Financial Protection Bureau. Founded six years ago, the CFPB’s objective is to enforce consumer protection laws and has authority over businesses that sell financial products and services, including banks, credit card
  • 8 Jun, 2017
  • Summit Alternative Investments
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11May2017

How To Curb Buyer’s Remorse After a Loan Sale

May 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC Everyone has had that moment where they fall in love with an item from the department store and buy it on impulse only to return it after a few weeks. The same happens often with loan sales. In fact, following the subprime mortgage crisis in 2008,
  • 11 May, 2017
  • Summit Alternative Investments
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08May2017

Get the Most Bang For Your Buck: Simple Steps to Sell Your Loans

May 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC Now that you’ve decided to reduce your stress and increase your company’s productivity by selling your loans, it’s now time to make sure that you can get the most for your money. This quick guide will help you get your loan portfolio in check before you
  • 8 May, 2017
  • Summit Alternative Investments
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