Mortgage debt makes up a noticeably smaller share of total consumer debt than it did a decade ago, according to the latest Equifax National Consumer Credit Trends Report, covering data for March 2018. According to the Equifax report, mortgage debt ...
Read More »Watt: “These Conservatorships are Unsustainable”
In his testimony before the Banking Committee, Melvin Watt, Director, FHFA outlined the challenges facing the conservatorship of the GSEs and why it was the Congress’ responsibility to decide on housing finance reforms.
Read More »Buying vs. Renting: A Financial Perspective
In a little under two years, owning a home becomes more financially viable than renting an identical home, according to the latest Zillow Buy-Rent Breakeven Horizon. It takes just under 1 year and 11 months for homeownership to be more ...
Read More »Montgomery Confirmed: Industry Comments on New FHA Commissioner
After months of delays, Brian Montgomery’s nomination for Assistant Secretary for Housing-Federal Housing Commissioner, U.S. Department of Housing and Urban Development, has finally been approved by the Senate by a vote of 74-23. “I’m honored to have the opportunity to ...
Read More »Delinquencies Reverse Course
Mortgage delinquencies defied several trends in April, according to the latest First Look at the month’s mortgage performance data from Black Knight, Inc. April is typically a month that sees an increase in mortgage delinquencies. In fact, historically, delinquencies have ...
Read More »From Home Listings to Home Flipping
Zillow made its name as an online real estate database, helping homebuyers shop for houses whether they were right down the street or on the other side of the country. Recently, however, Zillow announced it had plans to branch out ...
Read More »Industry Sounds Off on Dodd-Frank Reform Bill
The House of Representatives on Tuesday voted in favor of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. The bill seeks to evolve and streamline regulations put in place by the 2010 Dodd-Frank Act. The final vote ...
Read More »The Challenges of Residential Instability
Homelessness is a critical issue facing the nation, but a new report examines the challenges of “housing instability,” and how communities can intervene to deal with the problem before it reaches the point of homelessness. That’s the topic of the ...
Read More »Mortgage and LGBT Leaders Collaborate for Diversity in Miami
The third in a series of town halls by the AMDC encourages industry-wide conversations around solutions for fair housing and mortgage finance for the LGBT community.
Read More »Sen. Schumer Calls for Flood Insurance Reform
With the beginning of hurricane season mere weeks away, Senate Minority Leader Chuck Schumer has announced an “all-out push” to convince Congress to extend and reform the nation’s flood insurance program. Schumer shone a spotlight on the issue Monday during ...
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