The housing market continued to grow, with house prices leading the way through most of 2017. According to the latest Housing Price Index data released by the Federal Housing Finance Agency (FHFA), home prices across the U.S. rose 0.4 percent ...
Read More »What do Mortgage Industry Data Initiatives Mean for Lenders?
The mortgage industry is waking up to disruptive technology and digital innovation that can transform the industry. These innovations include data initiatives that have been rolled out to establish or update data standards, transmission protocols, and platforms across the industry. ...
Read More »U.S. Mayors Cite Housing Issues as Driver of Migration
High housing costs are one of the chief factors driving people away from certain cities and into others—that’s according to the results of an annual survey that polls the mayors of major American cities. This week, the Boston University Initiative ...
Read More »Lack of Affordable Homes Driving Nationwide Migration Trends
Redfin CEO Glenn Kelman recently appeared on CNBC to discuss the state of housing industry and the overall trends he is seeing in the early days of 2018. Kelman highlights the continued lack of affordable housing, the early and surprising impacts ...
Read More »Gap Between Potential and Actual Home Sales Narrows
According to a new report by First American, while existing-home sales continued to underperform their potential in December 2017, the gap between actual sales and that potential has continued to narrow. First American’s proprietary Potential Home Sales model reports that ...
Read More »Senate Confirms Powell as Federal Reserve Chair
The Senate confirmed Jerome Powell as the 16th chairman of the Federal Reserve on Tuesday after an 85-12 vote in favor of his confirmation. Powell will take over from current Federal Reserve Chair Janet Yellen after her term expires in ...
Read More »Home Prices to Continue Climbing
If current analyses are any indication, home prices in the land of Uncle Sam aren’t heading south anytime soon, this according to the Winter 2018 edition of The Housing and Mortgage Market Review (HaMMR), released by Arch Mortgage Insurance Company ...
Read More »The Long-Term Impact of Hazard Mitigation
Benjamin Franklin once said that “an ounce of prevention is worth a pound of cure.” As regions such as Texas, Florida, California, and Puerto Rico struggle to recover from damaging natural disasters, the implications of those words for the mortgage, ...
Read More »JPMorgan Raising Wages After Passage of Tax Reform
While the long-term impacts of the tax reform bill passed by Congress and signed into law by President Trump remain to be seen, at least one major corporation is investing some of their tax windfall into continuing growth. According to ...
Read More »Hurricane Aftermath Continues to Affect Mortgage Delinquency
The state of mortgage delinquencies was a mixture of good news and bad news as 2017 wrapped up, according to a new report by Black Knight, Inc., a provider of integrated technology, data, and analytics for lenders and servicers. Today ...
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