Existing home sales experienced an up-and-down wave of activity in November and December due to the TILA-RESPA Integrated Disclosure (TRID) rule, but Ten-X.com forecasts that this may all change soon.
Read More »Construction Spending Reaches 8-Year High in 2015
Construction spending has come a long way since the financial crisis hit America, according to a report from the U.S. Census Bureau on Monday.
Read More »The Week Ahead: A Very Important Employment Situation
The start of 2016 has seen slowdowns in many key economic areas. Many in the mortgage industry are anxiously awaiting the results behind the first employment summary of 2016, which will come out on Friday. Will job growth continue its momentum into 2016?
Read More »Home Affordability Favorable Compared to Pre-Bubble Years
Although home prices have been on the rise for the last few years, Black Knight Financial Services says homes are much more affordable than the were prior to the housing crisis.
Read More »Are Buy-to-Rent Investment Strategies Viable?
The newest business feature of the single-family rental market is comprised of large investors—backed by private equity—that use a buy-to-rent strategy, but how does this size up compared to professionally-managed apartment complexes and will these businesses last?
Read More »U.S. Economic Growth Comes to a Near Halt
In the last few months of 2015, the economy grew weary, boosting worries that the American economy is losing its spark, according to the Bureau of Economic Analysis “advance” estimate for the fourth quarter of 2015.
Read More »Subprime Lending is Making its Way Back to the Mortgage Market
An uptick in housing demand is being met with mortgage originations for borrowers with less than perfect credit scores, but not without caution. Read on to see what impact Equifax is seeing subprime borrowers have on the mortgage market
Read More »The Ups and Downs of Mortgage Rates
Prior to the Federal Reserve’s decision to raise mortgage rates, they were already ticking up without any additional help.
Read More »Mortgage Credit Box Locked Tight for Borrowers
Before the housing crisis, borrowers could get a mortgage loan with little to no problems. Mortgage credit began to tighten when the crisis hit and has remained that way since.
Read More »The Path to Paperless Mortgages
The days of traditional mortgage lending may be close to being over as tech-savvy millennials and new regulatory changes such as the TILA-RESPA Integrated Disclosures rule add pressure to originators to step up their mortgage delivery game.
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