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Unmet credit demands of U.S. consumers are partially caused by reluctance of some to even apply for credit. Survey reveals that consumers are generally more pessimistic of future approval rates, influenced by the increase in involuntary account closures. These rose to their highest level since October 2015.

The Financial Choice Act would give regional and community banks a way to avoid most aspects of Dodd-Frank regulations, and a policy which would force big bank’s parent companies to file bankruptcy and restructure, instead of the current Dodd-Frank policy.

Previous NAR data showed year-over-year and month-over-month increases in existing home sales

After the Department of Justice announced their support of PHH Corp in the case against the CFPB, opinions differed on the effectiveness of the Bureau.

As most Realtors know, helping a homeowner get their home in tip top condition before listing can significantly speed up a sale. In addition, consulting with buyers about their expectations and getting them pre-qualified for a loan will also expedite the process of house hunting.

Data shows that construction jobs have been increasing since November of last year.

GSE says slow consumer spending in January should not dampen the national economy. Jobs and residential construction key to GDP growth.

Looking forward, experts discuss what effects the rate hike may have.

Outside of pockets of extreme growth such as Silicon Valley, today’s consumers seem to be holding onto their money rather than putting it into a home. In response, the mortgage industry must evolve to reach the first-time homebuyer, and understanding millennials is the key.

Millennials and first-time home buyers are expected to continue buying homes regardless of a mortgage rate increase, according to real estate and title professionals.