Federal Reserve Board Governor Lael Brainard warned against visceral reactions, such as pushes in the marketplace for an increase in interest rates, given the economy’s fragile growth, while speaking at the 57th National Association for Business Economics Annual Meeting in Washington, D.C., on Tuesday.
Read More »SFR Market Investors Turn to Technological Advances for Competitive Edge
As the single-family rental space becomes more populated with investors, all of whom are trying to gain any advantage that will help them cut costs and streamline processes, therefore maximizing profits, more of them are turning to technology.
Read More »Survey Finds Consumers Do Not Bargain Hunt for Mortgage Loans
Although the majority of Americans consider themselves bargain hunters when shopping for various items or services, less than one-third of these consumers do not shop around for better prices when searching for a mortgage loan.
Read More »Leaning on Technology to Go beyond the CFPB Minimum
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. In this piece, Aaron King, founder and CEO of Snapdocs examines how technological advances can help alleviate some of the added pressures from the CFPB's TILA-RESPA Integrated Disclosure rule.
Read More »Former Fed Chair Bernanke Says Individuals Should be Held Accountable for Crisis
Former Federal Reserve Chairman Ben Bernanke said on Thursday that he believes the U.S. government should have sought the prosecution of individuals for their roles in precipitating the 2008 financial crisis rather than companies.
Read More »FOMC Minutes Show Interest Rate Hike Delayed Due to Global Economic Woes
The minutes from the Federal Open Market Committee September meeting showed that the Fed's concern mostly lingers around global economic troubles, but they still intend to raise rates before the end of 2015.
Read More »GSEs Issue New Mortgage Repurchase Policies
Fannie Mae and Freddie Mac recently issued new updates to rules related to mortgage repurchases that will provide clarity and transparency to lenders and more credit access to borrowers.
Read More »Interest Rates Continue to Drop Following Disappointing Jobs Report
Mortgage interest rates fell to 3.76 percent for the week ending October 8, 2015, after a weak September jobs report.
Read More »CFPB May Allow Consumers to Bring About Class Action Lawsuits
The Consumer Financial Protection Bureau announced on Wednesday it is considering proposing rules that will make consumer financial companies more accountable to the customers they serve.
Read More »Mortgage Applications Jump 25 Percent Prior to TRID Implementation
Mortgage applications experienced a dramatic increase this week just before the TILA-RESPA Integrated Disclosed Rule was put into effect on October 3rd.
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