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Shashank Shekhar is Named Top 40 Under 40 Most Influential Mortgage Professionals
Posted on February 12th, 2012 No comments
Shashank Shekhar is Named Top 40 Under 40 Most Influential Mortgage ProfessionalsSan Jose, CA (PRWEB) February 09, 2012
Shashank Shekhar, CEO of Arcus Lending a San Jose, CA Mortgage Lender was recently named “Top 40 Under 40 Most Influential Mortgage Professionals in the Country” by National Mortgage Professionals Magazine.
After evaluating 1000+ nominations through a very rigorous selection process, the magazine named the top 40 for the year 2011. This is what the magazine mentioned about Shashank’s reason for being named in this illustrious list:
“Shashank Shekhar is the chief Executive Officer of Arcus Lending, Author of the Blog LendingExpertBlog and author of 2 books on Real Estate. A Social Media expert, Shashank helps incorporate social media ideas in to his customer’s daily business plans and is always will to help others in their advances of business and Social Media. Within 3 years of originating loans Shashank is closing more than $ 30 million in personal production in 2011 by building one of the strongest brands in the San Francisco Bay Area Region.”
About Arcus Lending:
Arcus Lending, a San Jose, CA Mortgage Broker and a Direct Lender offers Residential Mortgage for Home Purchase and Refinancing for California home owners. The company is currently in the process of opening new branches in California and getting licensed in other states. An introduction video can be watched here http://www.youtube.com/watch?v=HakqTLAk7rU. More information can be found via email – Info(at)ArcusLending(dot)com or by phone (408) 615-0655.###
©Copyright 1997-
, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
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Shashank Shekhar is Named Top 40 Under 40 Most Influential Mortgage Professionals
Posted on February 12th, 2012 No commentsShashank Shekhar is Named Top 40 Under 40 Most Influential Mortgage Professionals
San Jose, CA (PRWEB) February 09, 2012
Shashank Shekhar, CEO of Arcus Lending a San Jose, CA Mortgage Lender was recently named “Top 40 Under 40 Most Influential Mortgage Professionals in the Country” by National Mortgage Professionals Magazine.
After evaluating 1000+ nominations through a very rigorous selection process, the magazine named the top 40 for the year 2011. This is what the magazine mentioned about Shashank’s reason for being named in this illustrious list:
“Shashank Shekhar is the chief Executive Officer of Arcus Lending, Author of the Blog LendingExpertBlog and author of 2 books on Real Estate. A Social Media expert, Shashank helps incorporate social media ideas in to his customer’s daily business plans and is always willing to help others in their advances of business and Social Media. Within 3 years of originating loans Shashank is closing more than $ 30 million in personal production in 2011 by building one of the strongest brands in the San Francisco Bay Area Region.”
About Arcus Lending:
Arcus Lending, a San Jose, CA Mortgage Broker and a Direct Lender offers Residential Mortgage for Home Purchase and Refinancing for California home owners. The company is currently in the process of opening new branches in California and getting licensed in other states. An introduction video can be watched here http://www.youtube.com/watch?v=HakqTLAk7rU. More information can be found via email – Info(at)ArcusLending(dot)com or by phone (408) 615-0655.###
©Copyright 1997-, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Find More Mortgage Home Loans Press Releases
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Credit Card Repayments Drop Slightly in 2011
Posted on February 7th, 2012 No comments
Credit Card Repayments Drop Slightly in 2011Fort Lauderdale (PRWEB) January 30, 2012
As reported earlier by A New Horizon Credit Counseling Services, credit card usage by consumers has seen an increase in 2011 and is poised to continue to rise for 2012, but the non- profit agency that assists consumers in repaying their debt through a combination of budgeting, credit counseling, financial education and a structured debt management plan notes that repayment of the new revolving credit balances is slipping. A New Horizon Credit Counseling Services is a nonprofit credit counseling organization that has been helping consumers since 1978.
According to First Data, which processes credit card transactions for more than four million merchants, credit card purchases increased to 8.2%, 9% and 10.6% respectively in the first, second and third quarter of 2011 respectively.
However, Steven Stark, COO for A New Horizon Credit Counseling said, “In November, revolving credit, the balance consumers maintain on their credit cards after making their payments, has risen surprisingly, which can only mean that debtors are not paying their debt as quickly as they did after the recent financial crisis”.
Moody’s Investors Service reported that the three-month average repayment rate of 21.7% in August 2011 was at a 12-year high, but that rate has since fallen to 20.9% in November and, at a .8% reduction, was the steepest second-half drop since 2007.
Stark said. “When you consider this in combination with recent Federal Reserve data indicating a seasonally adjusted annual 8.5% jump in credit card debt in November, the fastest pace since 2008, it raises concern, which we pass along to, not only to our clients, but to the public during our community financial literacy outreach events.”
Repayment rates are still well above those that consumers made during the mortgage boom days, when it was a common practise to borrow on the equity in the family home to repay for credit card purchases. The six largest credit card issuers have each reported higher repayment rates for the last three years. This is encouraging because it reflects that many consumers are still concerned astir the fragile economy and continue to work hard at reducing their debt.
For more information about their programs, contact 1-800-556-1548. They tinned also be found on the web at http://www.anewhorizon.org, or reached via email at csmanager(at)anewhorizon(dot)org
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©Copyright 1997-
, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.