The day the music died – Editorial

first_imgEmail Twitter Print Facebook Advertisement Previous articleLimerick grieves over death of the Snow PrincessNext articleInternational hurling festival announced by Aer Lingus admincenter_img WhatsApp NewsLocal NewsThe day the music died – EditorialBy admin – January 17, 2013 415 FOR a certain generation, HMV was a much-loved childhood haunt where many happy hours were spent flicking through posters and queuing for the latest releases by the chart idols of the time. The digital age has long heralded the death knell for traditional media however, as some members of the younger generation may not ever even own a hard copy movie or album. Nostalgia aside, the likely closure of the 92-year-old business will lead to the loss of a further 300 jobs in this country with 30 employees of the company’s two Limerick stores facing an uncertain future.Sign up for the weekly Limerick Post newsletter Sign Up The advent of free downloads, and cheaper online sites such as Amazon and CD Wow have been chipping away at HMV’s profits for several years, while prices at the high-street retailer remained relatively high.The company had hinted in the run-up to Christmas that it was in trouble, however stores continued to issue gift vouchers which Irish and British consumers snapped up in their thousands to give to their loved ones.Now, just three weeks after Christmas, before most people had a chance to redeem their gift cards, they are for the moment worthless.HMV Chief Executive Trevor Moore said this week that he is confident that the administration process will “find a solution” and that the company will survive.If a possible resurrection is to be successful though, consumer goodwill and loyalty is vital.HMV is likely to lose the trust of customers who feel they were essentially misled when sold vouchers weeks before the company entered administration, as well as the disappointed voucher recipients, if it does not reverse its decision not to honour them.If its Irish stores reopen, HMV bosses would be wise to heed the advice of the National Consumer Agency which this week called on the company to accept vouchers with immediate effect.The warning ‘caveat emptor’ is certainly apt in these certain economic times as the fall of a number of retail giants and countless gyms and leisure centres has left customers substantially out of pocket with little or no comeback. Linkedinlast_img read more

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FinTech’s Influence on Home Financing

first_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago FinTech’s Influence on Home Financing Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save About Author: Seth Welborn Financing FinTech HOUSING Mortgages 2019-07-22 Seth Welborn The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Economic Growth Nears Historical Average Next: Servicing Success, One Step at a Time  Print This Post Home / Daily Dose / FinTech’s Influence on Home Financing Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Financing FinTech HOUSING Mortgagescenter_img Sign up for DS News Daily Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. July 22, 2019 2,403 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Much of the real estate market has made strides in integrating fintech, but much of the market remains untapped, according to the Urban Institute. Compared with other goods, the online share of all home sales (to owner occupants, investors, fix-and-flippers, and others) is less than 15%, the Urban Institute states in its report, titled “FinTech Innovation in the Home Purchase and Financing Market.”“Every step of the homebuying process is heavily regulated at the federal, state, and local level,” the Urban Institute states. “Despite these barriers, technology has made inroads within specific pockets of the housing market: helping consumers build credit and save for a down payment, search for and purchase a home, shop for and obtain mortgage financing, navigate mortgage servicing, and extract home equity to eventually sell the home.”Fintech firms can cause transformations in two ways: through improved efficiency and through reduced structural barriers. For example, credit scoring firms have enhanced their technology and modeling techniques and incorporated some additional data into the credit scoring process. FICO, for example, is rolling out new programs where borrowers can allow the use of their bank statements, and has arranged for limited use of telecom data for consumers with limited credit histories. While mortgage lenders currently do not take this data into account, Fannie Mae and Freddie Mac are investigating the use of these “alternative data” and, in limited circumstances, will extend mortgages to consumers without credit scores.Post-purchase, insurance start-ups such as Lemonade and Hippo utilize advanced tech to generate quotes and sell insurance online. With the process fully automated, Hippo claims to offer 25% lower premium. Other startups can offer reverse mortgages online, without requiring a mortgage and monthly payments by taking a portion of the house value when the property is sold.“In conclusion, substantial innovation has taken place across the mortgage ecosystem, producing clear benefits for consumers,” Urban states. “But major gaps in the availability of fintech services exist.”Urban expects some of these improvements to take place in the coming years as fintech start-ups mature into more established companies. Find the full report here. Related Articles Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Market Studies, News, Technology Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

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