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Author Archives: Mike Albanese

Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville.

Increases in Home-Price Growth Lagging in June

New Homes

Home-price growth slowed in June, as the S&P CoreLogic Case-Shiller Home Price Index reported that prices rose just annually 3.1% in June—a decline from 3.3% growth in May.  Also falling were price gains in 10-city composite, which dropped from 2.2% ...

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Next Recession Could ‘Destroy’ Younger Generation

housing

A new report from The Atlantic states that while inverted yield curves, economic downturns, and slowing growth will impact everyone, it will be the millennials that will be hit the hardest.  “Millennials got bodied in the downturn, have struggled in ...

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What to Make of the QM Patch Moving Forward

The AEI Housing Center discuss the future of the QM patch, more specifically what can be seen, and what is not foreseeable.  AEI states that foreseeable results from the patch are higher home prices, and the unseen are borrowers who ...

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New-Home Sales go in the Wrong Direction in July

Sales of new, single-family homes fell month-over-month by 12.8% in July, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  The report states that an estimated 635,000 homes were sold for the month, far ...

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Freddie Mac Partners with Tech Company to Streamline Processes

LoanLogics, a provider in loan-quality technology for mortgage manufacturing and loan acquisition, announced it is the technology provider behind Freddie Mac’s new tool, Freddie Automated Servicing Transfer (FAST), which streamlines the transfer of mortgage servicing rights for Freddie Mac’s Cash-Released ...

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Companies Partner to Improve Efficiency

Mortgage Cadence, an Accenture company, has integrated CoreLogic’s Print and Ship secure document delivery solution with the latest version of Mortgage Cadence Enterprise Lending Center (ELC). The integration enables ELC users who contract with CoreLogic to reduce manual processes and ...

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Gateway First Bank Announced New Chief Servicing Officer

Franklin Mortgage

Gateway First Bank, one of the largest banks in the state of Oklahoma, announced the appointment of industry veteran Stephen Staid as its Chief Servicing Officer.  As chief of servicing, Staid will direct a team overseeing customer care, investor accounting, ...

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Mortgage Debt on the Rise, Volume of Mortgages Falling

During the same time frame of the household-owned value of the U.S. housing market reaching an all-time high of $26.12 trillion, the share of homeowners with a mortgage is at 62.9%—the lowest level since 2005—according to the Urban Institute.  The ...

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Can Having Mortgage Debt be Good for You?

debt

Is having debt a good thing? A new study by LendingTree found a correlation between mortgage debt and life expectancy, as higher debt relative to income is linked to higher life expectancy.  “That trend reaffirms the idea that homeownership is ...

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When Will the Next Recession Hit?

A survey by the National Association of Business Economics (NABE) revealed that most of the surveyed economists believe a recession will begin by 2020 or 2021. “Survey respondents indicate that the expansion will be extended by the shift in monetary ...

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