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Author Archives: Staff Writer

How Deep Are Your Pockets?

affordability

A new study reveals the income needed to share a ZIP code with America’s crème de la crème. Dreaming of living with the wealthy? Here are the prices needed to make that dream a reality.

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HSBC Tackles Another U.S. Lawsuit

A settlement between HSBC Holdings and the DOJ may be resolved sooner than expected. An early negotiation could be an indication of what the future of the Trump administration could bring. Reflecting on past settlements isn't suggesting what the next one might be worth.

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Mortgage Applications Down, Shares Mostly Unchanged

Though some categories increased and some remained unchanged, the Mortgage Brokers Association weekly survey released Wednesday reported decreases in almost all areas. Results for next week's survey ending June 30 will be released July 6 due to Independence Day.

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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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