Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles About Author: David Wharton Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Print This Post Home / Daily Dose / Experian: Credit Outlook Bright for 2018 Consumer credit reporting agency Experian has released its eighth annual State of Credit report, showing a positive state of affairs that includes average credit scores trending upward and inching closer to pre-Recession totals.Experian’s data reveals that the national average credit score has ticked upwards by two points in the past year, rising from 673 to 675. Furthermore, that new total puts it only four points shy of the pre-Recession 2007 average of 679. Experian’s report also shows that consumer confidence is actually higher than in 2007—it’s up 16 percent compared to the same time in that year. Consumer confidence is also up 25 percent year over year.Experian also found that the average mortgage debt in 2017 was $201,811.Michele Raneri, VP of Analytics and New Business Development at Experian, said, “The trend line that we are seeing is quite promising. With employment and consumer confidence on the rise, we’ve made great progress as a country since the recession. The economy is expected to expand at a healthy pace this year supported by access to affordable consumer credit and we believe that credit will continue to rebound. All of the factors point towards a good year for credit in 2018.”Experian also rated cities around the country as part of its annual State of Credit report. Which city led the pack with the highest average credit score in 2017? It was Minneapolis, Minnesota, boasting an average credit score of 709, which was two points higher than its 2016 average score of 707. Minnesota must be doing something right, because two other Minnesota cities top the list right behind Minneapolis: Rochester and Mankato, both with an average credit score of 708.Rounding out Experian’s top 10 are Wausau, Wisconsin (average credit score 706); Green Bay, Wisconsin (705); Duluth, Minnesota (704); Sioux Falls, South Dakota (704); San Francisco, California (703); La Crosse, Wisconsin (703); and Madison, Wisconsin (703).Southern states dominate the other end of the average credit spectrum, with Texas occupying four of the 10 cities with the lowest average credit ratings for 2017. The bottom 10 cities include Greenwood, Mississippi (624); Albany, Georgia (626); Harlingen, Texas (631); Laredo, Texas (635); Riverside, California (636); Corpus Christi, Texas (638); Odessa, Texas (640); Monroe, Louisiana (640); Montgomery, Alabama (640); and Shreveport, Louisiana (640).Experian also analyzed credit differences along generational divides. Here’s what they found:Generation Z (born 1996 and later) is building credit through different methods than the generations before them, with heavier student loan debts and fewer credit cards and department store cards. And they are keeping debts low and managing them well.Generation Y/Millennials (born 1977–1995) have seen their scores climb four points over the past year. They’ve also decreased their overall average debt by nearly eight percent, but have added six percent in mortgage debt.Generation X (born 1965–1976) has a credit score of 658, the highest mortgage debt of all generations, and a high instance of late payments compared to the national average. Their scores have improved, so they are managing their debts better than in the past.Baby Boomers (born 1946–1964) continue to carry quite a bit of mortgage debt, and have the lowest late payment instances of all the generations.The Silent Generation (born 1945 and before) has quite a bit of mortgage debt, but are keeping other debts low and making payments on time. At 729, they have the best credit score of all generations and the fewest late payments of any generation.You can peruse Experian’s full State of Credit report for 2017 by clicking here. Previous: Freddie Mac Marks Single-Family Rental Milestone Next: TD Bank Appoints Rick Bechtel and Scott Lindner in Daily Dose, Featured, Journal, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Experian: Credit Outlook Bright for 2018 Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save credit ratings Experian Mortgage Debt State of Credit report 2018-01-12 David Wharton Tagged with: credit ratings Experian Mortgage Debt State of Credit report January 12, 2018 2,087 Views The Best Markets For Residential Property Investors 2 days ago
View Comments Sylvia Related Shows Show Closed This production ended its run on Jan. 3, 2016 Tony winner Matthew Broderick has been tapped to join the already starry cast of A.R. Gurney’s Sylvia as new dog owner Greg. The production will also star Tony winners Annaleigh Ashford and Julie White, as well as Robert Sella. Directed by Daniel Sullivan, performances are now scheduled to begin slightly later than first announced, on October 2 at the Cort Theatre. The production will officially open on October 27.Broderick last appeared on Broadway in It’s Only a Play, opposite his The Producers co-star Nathan Lane, and won Tonys for his performances in How to Succeed in Business Without Really Trying and Brighton Beach Memoirs. Broderick’s also appeared on the Great White Way in Nice Work If You Can Get It, The Philanthropist, The Odd Couple (again, opposite Lane) and Biloxi Blues. He’s perhaps known most on screen for Ferris Bueller’s Day Off; his additional film credits include The Lion King and Godzilla.In Sylvia, the world of a middle-aged New York couple is turned topsy-turvy when the husband (Broderick) brings home an exceptionally engaging canine (Ashford) running loose in Central Park. The original 1995 off-Broadway production starred Broderick’s wife, Sarah Jessica Parker. This production marks the show’s Broadway premiere.The production will feature scenic design by David Rockwell, costume design by Ann Roth and lighting design by Japhy Weideman.
BRYAN FAUST/Herald PhotoWith Wisconsin’s victory over San Diego this past weekend, the Badgers not only claimed their third straight tournament win but head coach Pete Waite added to his already impressive resume. The win was the 450th of Waite’s 19-year coaching career, making him 33rd amongst active coaches in career wins and 13th in winning percentage (.739). “I never keep track of [records] until sports info says something about it,” Waite said. “[Winning 450] means I’ve been around a lot of great teams, players, assistant coaches and just every[thing] that it takes to have a winning program. It also takes everybody doing a great job in their role and you’ll get your wins that way.”Waite’s volleyball career has come full circle as he grew up playing volleyball right in the Madison area. “I played right here at Monona Grove High School,” Waite said. “I initially started playing in seventh or eighth grade intramurals but really started loving it in high school and went from there to playing in college.”Waite left Madison to attend college at Ball State where he went on to earn All-MIVA honors his junior and senior years, and it was in college that Waite realized he wanted to coach.”I think I’ve always had a little teacher/coach in me,” Waite said. “I was a lifeguard growing up and taught lessons and once I was in college I started coaching clinics and camps in the summer. “I was going to go be a teacher as far as my major. I was thinking about after college being a high school teacher and a coach. So that was part of the plan and the plan kind of changed along the way that led into the college game.”After college, Waite began his coaching career by taking a number of positions for club teams around the Midwest area before getting his first head coaching job at the college level at Northern Illinois. Over his 11 years as the Huskies’ coach, Waite compiled a record of 266-102 on his way to becoming the all-time winningest head coach in the school’s history, which led him to earn the head coach spot at Wisconsin in 1999. Over the past eight years at Wisconsin, Waite has become the winningest head coach and the only head coach in the school’s history to win 100 games in the Big Ten, with a record of 184-57 (106-34 Big Ten).”It means I’ve outlasted a couple of people,” Waite said. “That’s longevity. That’s staying in there and putting in a few more years. It’s nice to know. I hope I’m going to get a few more than 450 but it’s enjoyable.”But for Waite, it has never been about his records. Rather, he says it’s all about the players he has coached along the way.”Some of the most rewarding parts of coaching is watching the players develop and see where they go from freshmen year to senior year,” Waite said. “How they mature on the court to their techniques, their composure, their strength and to see them achieve some real highlight matches, get some great wins and really enjoy that time together.”And one thing Waite has learned over the years is that no two teams are alike.”It’s always a challenge because every team brings different pieces to the puzzle,” Waite said. “You have different personalities, skills, injuries, personal lives, and it always takes a lot of thought to make it all work out right in the end. “That’s the fun part though, when it all works out. The wins come. The players progress. They mature as people and players and you get to see them move through the program.”So far the only thing missing on Waite’s resume — which includes 10 conference championships between Northern Illinois and Wisconsin — is a national championship.”It’s a goal, it’s one of the things I would love to do,” Waite said of a national title. “It’s what a lot of coaches would strive for. We’re doing the best we can to put the pieces together and making a great run at the end of the season.”As Wisconsin gets ready for the Big Ten season and to make a run at that national championship, Waite has a chance to reach yet another milestone as he is just 16 wins shy of his 200th win at UW. While the milestone is in reach for him and the Badgers this year, Waite never looks ahead and remains focused on the upcoming match at hand. “My goal is to come out every weekend and try and win two Big Ten matches and that’s as far as I look ahead,” Waite said. “You probably could ask me what we are doing in two weeks and I don’t even know our schedule because you really have to focus on the next match and the one the day after. “That’s as far as I look.”