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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.

New York Fed Gives Unfavorable Review of Housing Sector

Merriam Webster's Dictionary defines anemic as: “lacking force, vitality, or spirit.” The Federal Reserve Bank of New York felt that is an appropriate depiction of the current housing market, as it called housing starts and permits “anemic” in its August ...

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Innovation Center Launched by Title Company

First American Financial Corporation, a global provider of title insurance, settlement services, and risk solutions for real estate transactions, announced the launch of the First American Innovation Center, an online information resource designed to provide a glimpse into the initiatives ...

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Why are Homeownership Rates Falling?

  Despite all signs pointing toward a growing housing sector—record-low mortgage rates, strong refinance activity, and falling interest rates—information from Axios shows homeownership rates are dropping across the board.  From 2002 to 2018, the homeownership rate for ages 35-64 have ...

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Are Negative Interest Rates Possible in the U.S.?

Commentary from The Wall Street Journal questions whether interest rates in the U.S. could fall into the negative.  While investors feel interest rates could fall into the negative are in the minority, there is more than $15 trillion in government ...

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The Fastest Growing Household Debt for Borrowers

J.P. Morgan Chase reports that student debt has doubled in the past 10 years to $1.5 trillion in 2018—second only to mortgage debt—and impacts 45 million borrowers.  “Although the financial returns from a higher education degree over a lifetime typically ...

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Digital Platform to Host Risk-Based Pricing Tool

National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc., announced that lenders using Tavant VELOX’s FinConnect integration platform for the financial services industry can now access Rate GPS, National MI’s unique risk-based pricing tool, when pricing private ...

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Company Upgrades App for Title Agents

SLK Global Solutions, offering technology platforms and solutions for the financial services industry, announced that it has enhanced its SmartProp—a property search solution for real estate title agents and underwriters. This technology platform is currently being used by more than ...

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Waters: FHA ‘Acted in Haste’ on Distressed Assets Program

Maxine Waters, Congresswoman and Chairwoman of the House Financial Services Committee,  said the Federal Housing Administration (FHA) “acted in haste” in its creation of the Distressed Asset Stabilization Program (DASP), according to a statement from the Committee.  The Committee said ...

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