2015-09-03-Millennial-home-survey

Millennials: Why They’re Buying Homes And Why They’re Not

Millennials — Why They’re Buying Homes And Why They’re Not
Huffington Post
September 2, 2015
Jeff Taylor Was quoted in the Huffington Post in regards to Digital Risk’s Millennial Survey, in which 1,344 Millennials were surveyed about home buying and financing. Huffington Post covers the survey’s results and draws its own interesting conclusions.

There could be some interesting conclusions drawn from this survey. You can’t do anything about job prospects or their concerns and financial stability. However, if you want to sell a home to a Millennial, there are some things that look like they would grease the wheels.

Click below to read the full article on Huffington Post.

2015-09-02-whistleblower-pr-nightmare

Hearing the Signal Before it Alarms

Hearing the Signal Before it Alarms
Inside Counsel
September 1, 2015
Debbie Hoffman Penned an article for Inside Counsel, about the difficulties that can arise as a result of a whistleblower. She said there is a degree of proactivity an organization can undertake to mitigate such possibilities.

Whistleblower: A word with tremendous power in the financial industry that can make companies, officers and executives cringe. Whether used in relation to a bank, lender, servicer or originator, a whistleblower can create a regulatory, financial and public relations nightmare.

The best method of compliance is prevention. Implementing internal companywide proactive measures is the most important action businesses can take to prevent whistleblower headlines on the front page of the newspapers.

Click below to read the full article on Inside Counsel.

Can You Get a Home Loan from Your Parents? Rules on Financial Assistance

Can You Get a Home Loan from Your Parents? Rules on Financial Assistance

Can You Get a Home Loan from Your Parents? Rules on Financial Assistance
MortgageLoan.com
July 27, 2015
Conventional loans have restrictions on financial gifts that vary on the borrower’s down payment percentage, says Jeff Taylor, a managing partner at Digital Risk. If a down payment is less than 20 percent, Freddie Mac requires at least 5 percent to be the borrower’s own money. Fannie Mae eased its rules last year and under some circumstances eligible borrower can have their entire down payment come from gifts, Taylor says.

Lenders require extensive paperwork in order to track the origin of all money used toward a home purchase, and gifts are no exception, Taylor says. All gift funds require a gift letter documenting the amount of the gift and stating that the money doesn’t have to be repaid, Taylor says, along with proof of when the funds were transferred. Jeff goes on to give more great advice to potential borrowers.

How healthy is your city's housing market?

How healthy is your city’s housing market?

How healthy is your city’s housing market?
USA Today
July 31, 2015
Jeff Taylor was quoted heavily yesterday in a USA TODAY article, about the health of the housing market. He said there are a variety of regional trends that can affect local housing markets, from first-time buyers looking to save money on rent, to foreign, all-cash purchases of pied-a-terres.

“Nationally we have absolutely stabilized, but we still have two dynamics going on,” Taylor said. “There are areas that will see price increases that’s based on high demand, like Miami and San Francisco. In Orlando or the Midwest, prices are growing more slowly as inventory has not made its way through the foreclosure process.”

The study is not the first to show the housing market mounting an uneven recovery. While cities such as Denver and San Francisco are seeing home values skyrocket, others are seeing steady, but tapering, growth, according to the S&P/Case-Shiller Home Price Index, a measure of housing prices in 20 major American cities that was released Tuesday. “We have outliers, like Orlando,” Taylor said. “But as a country, we are heading in the right direction.” Click below to read the full article on USA Today.

Regulators Have Overdone it on Banks...or have they?

Regulators Have Overdone it on Banks … Or Have They?

Regulators Have Overdone it on Banks … Or Have They?
Newsmax Finance
July 28, 2015

Regulators have gone a bit too far in cracking down on banks to make them safer, says Debbie Hoffman, chief legal officer at Digital Risk.

“Excessive regulation runs the risk of leaving a fragile economy starved of the capital it needs to grow,” she writes in USA Today.

“It is critical that regulatory policy encourages banks to get back into the business of lending again, something they have been reluctant to do in the wake of the financial crisis.”

Digital Risk LLC: These 10 charts fully explain Millennials and home buying

Digital Risk LLC: These 10 charts fully explain Millennials and home buying

Digital Risk: These 10 charts fully explain Millennials and home buying
HousingWire
July 7, 2015

Seventy percent of Millennials want to buy a home in the next five years, but how and why they will buy a home widely varies depending on the individual.

Digital Risk recently conducted a housing survey on Millennials in the housing market, surveying 1,344 millennials, who are between the ages of 18 and 34, distributed nationally by their age, gender and census geography.

4 Ways Firms Are Failing Associates

4 Ways Firms Are Failing Associates

4 Ways Firms Are Failing Associates
Law 360
June 19, 2015

And having someone to learn from is extremely important, according to Debbie Hoffman, the Chief Legal Officer of Digital Risk Inc., where she has built an in-house legal team based on what she learned in her years in BigLaw.

“It happens organically, but law firms can help make it happen,” she said. “You need to have strong mentors. Part of it is luck, but part of it is you have to develop those relationships. It’s extremely important to have the partnership work with the junior level.”

She added that firms should have not just partners mentoring young lawyers, but senior associates as well.

“We take some time out, we have lunches, we want to do more team building,” Hoffman said. “I think as lawyers we are so business-oriented that we sometimes forget about it. It helps to develop those relationships and trust.”