Despite an overvalued market in the Western region, home prices in the U.S. remain affordable, even as rising home prices are expected to see a slowdown during the year, according to a report.
Read More »The Art of the Possible in Mortgage and Tech
When asked what an average day is like for her, Tracy Stephan, Director of Enterprise Innovation for Fannie Mae, laughs and replies, “I think we don't have any average days in Innovation.” As head of Fannie’s Enterprise Innovation Team, Stephan ...
Read More »Congress Passes Stopgap Spending Bill to End Government Shutdown
6:24 p.m. CST The House has voted and approved stopgap spending bill to fund the government through February 8. The measure now heads to President Trump's desk for final sign-off. __________________________________ 4:08 p.m. CST Several hours after voting to end debate on ...
Read More »The Week Ahead: Gauging the Economy With the Chicago Fed
On Monday at 8:30 a.m. EST, the Chicago Fed will release its National Activity Index, a monthly index tracking inflation and overall economic activity. The Chicago Fed National Activity Index (CFNAI) is a weighted average tracking 85 different monthly economic ...
Read More »The Road Ahead for Mortgage & Housing
Greg McBride is the SVP and Chief Financial Analyst for Bankrate.com, with over two decades' worth of experience in personal finance. A regular staple the cable news scene, McBride regularly provides insights on the financial landscape to networks such as CNN, CNBC, and Fox ...
Read More »Distributing Insurance Funds After a Natural Disaster
Editor's note: This story was originally featured in the January issue of DS News, out now. One of the biggest mortgage servicing issues facing lenders in Texas, Florida, California, and other states that have suffered from declared disasters relates to insurance claims ...
Read More »Total FHFA Prevention Actions Edge Close to 4 Million
Collectively, Fannie Mae and Freddie Mac sealed 18,034 foreclosure prevention actions back in October, bringing the combined total to 3,990,723 since the GSE conservatorships launched in September 2008, so says the Federal Housing Finance Agency’s (FHFA) October 2017 Foreclosure Prevention Report. By ...
Read More »Bank of America Posts Solid Results for Q4 2017
The bank’s pretax earnings for the year rose 17 percent as it gained market share across its businesses, but lower mortgage banking income and impact of the Tax Act decreased its noninterest income.
Read More »Mulvaney Requests Zero Funding for CFPB in Q2
The Acting Director of CFPB has told the Federal Reserve that the agency does not need new funds to operate in Q2. Find out why here...
Read More »Homeowner Needs After Wildfires Fall Short of Expectations
Though the wildfires in Sonoma county, California destroyed thousands of homes, displaced residents have found accommodations through their family, friends, or insurance company resulting in a low demand for government-provided housing.
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