In a statement released Wednesday, PHH said they will implement new servicing standards as part of a settlement with a multi-state group of state attorneys general, as well as following a “testing and reporting process to ensure compliance with the ...
Read More »Fed Anticipates Economic Boosts from Tax Bill
The Federal Reserve released the minutes for the Fed’s December 2017 Federal Open Market Committee meeting on Wednesday afternoon, providing insights into the recent decision to increase interest rates, as well as other key economic concerns. That meeting saw the ...
Read More »Spend the Money, Fix the Roads, Woo the Homebuyers
Rebuilding the national infrastructure was one of the major talking points for candidates on the Presidential campaign trail. That priority fell out of focus in 2017 as Congress put their energy toward first health care reform and then tax reform, ...
Read More »Americans Migrated West and South in 2017
States in the Mountain West, Pacific West, and the South saw strong inbound migration for 2017, according to United Van Lines' 41st Annual National Movers Study. The Study tracks state-to-state migration patterns during a given year. For 2017, Vermont, Oregon, ...
Read More »HELOC Rates Could Jump 75 Basis Points in 2018
For borrowers hoping to secure a home equity line of credit (HELOC) in 2018, sooner rather than later would be the best approach according to a new 2018 forecast by Bankrate. With the Fed recently increasing interest rates, Bankrate predicts ...
Read More »FHFA Credit Changes Could Expand Homeownership
With the Enterprises considering major changes when it comes to GSE credit score standards, a FICO representative says they welcome the competition—so long as it’s fair.
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