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Author Archives: Staff Writer

Banking and Housing Lobby Petitions for CFPB Structural Changes

The banking and housing lobby has recently sent a letter to the leaders of the Senate and House appropriations committees expressing their position that the Consumer Financial Protection Bureau should be restructured from a single director to a bipartisan panel of five people. Will they be able to get it through before Cordray’s appointment is up in 2018.

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Can Hispanics Bridge the Homeownership Gap?

Hispanics are a historically underrepresented market when it comes to homeownership, according to a recent report released by Freddie Mac. This gap is getting smaller—but it begs the question, who makes up the Hispanic population, and will the gap continue to close over time?

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Big Changes Could Soon Be Coming to The Enterprises

Two Senators are drafting legislation that could potentially break up Fannie Mae and Freddie Mac, according to Bloomberg, in an effort to increase competitiveness in the secondary mortgage market? How do they plan on doing this, and what repercussions might legislation such as this have on the mortgage finance industry?

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5 Cities with Great Rental Investment Opportunities

It seems with all the talk about how millennials are shaping the housing market, there is little talk about how millennials are shaping the market for rental investment properties. And with a national average of two years to break even on your first home purchase as opposed to renting, coupled with low inventory across the country and rising home prices throughout, many millennials are renting for longer. These five cities have the longest break even horizon in the country.

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Fannie Mae Reduces Risk Pool

Fannie Mae is making moves again—this time it has completed its second set of traditional Credit Insurance Risk Transfer. Read on to find the amount of coverage the GSE received and the terms of the deal.

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The Week Ahead: The State of Home Prices

On Tuesday, the S&P CoreLogic Case-Shiller Home Price Indices for April will be released, showing the state of prices in the housing market on a national level, a 20-city composite, and a 10-city composite. With inventory continuing to dwindle, will home prices continue on their current upward trend? Time will tell...

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With Apartment Living on the Rise, Where Does That leave the Single Family Market?

More investors are putting stake in multifamily homes like apartments and condominiums, but are many people choosing to live in them? In the wake of low inventory in the single family market, are potential homebuyers going to continue to rent, or wait for their dream home?

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How do Mortgage Industry CEOs Stack Up Against Others?

When employers quantify their satisfaction with their CEOs in a customer service heavy industry, how do mortgage professionals and servicers compare to leaders in other industries? What are the criteria to building a successful business and keeping your employees happy? Two industry CEO’s made a recently released top 100 list, and one shares his view to the future.

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Places of Interest—10 Hotspots for Million Dollar Homes

With housing prices continuing to climb, and the housing shortage steadily creeping forward, more metros are seeing a significant majority of their homes hit the million dollar mark. And while that doesn’t necessarily mean homebuyers get less for more, it does mean that “affordable” housing in certain highly desired areas of the country might come with an extra zero on its price tag. See what metros had the largest share of million dollar homes.

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Distressed Properties Contribute to Low Average Market Time

The May 2017 Existing Home Sales Index was released Tuesday, showing that even though inventory is slightly on the rise compared to April 2017, median home prices are still increasing as well. Existing, unsold properties are coming off the market at record times, and foreclosures and short sales are contributing factors. Some industry professionals, however, wonder how long this trend will last.

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