Currently, the GSEs use the FICO credit score model, which critics say is outdated and less granular than more recent models, however, FICO begs to differ.
Read More »Attention All HELOC Issuers: Please Report to CFPB
The CFPB announced Thursday that the Home Mortgage Disclosure Act (HMDA), enacted in 1975, has been temporarily changed for banks and credit unions that offer Home Equity Lines of Credit. Take a look at some of the changes that were made in the final ruling.
Read More »Shiller: This is a Part of American Culture
Robert Shiller sat down with CNBC to talk about the potential fallout on the housing market if tax reform removes the mortgage interest deduction. See his differing thoughts in this Video Spotlight.
Read More »Undersupplied and Overheated
At the epicenter of the housing crisis was the underwater borrower, a by product of unrealistic price points and an over-heated housing market. Now, according to recent data, some market's are overheating once more.
Read More »As individuals make their way through the industry and companies merge, follow all the important highlights in this activity update.
Read More »Mortgage Deduction Possibility Causes Uncertainty
In December 2016, then incoming Treasury Secretary Mnuchin boldly stated the Trump administration would employ the “largest tax change since Reagan.” However, that change could come with significant adjustments to the mortgage interest deduction, something that sparks mixed emotions across the country.
Read More »Is the Real Estate Market Changing?
Most Realtors agree, according to a recent survey, that the landscape of their industry is changing. What aspects of real estate do firms believe will be important in the year to come?
Read More »Racial Disparity in Homeownership
To what extent is homeownership in America racially divided? Apartment List analyzed Census Bureau data from 1980 to 2015 to answer this question.
Read More »How Far Will $1 Million Take You? It Depends . . .
According to AARP, those planning for retirement should save approximately $1 million considering the average American retirement age is 63 and life expectancy is 85. However, not all areas in the U.S. are the same when it comes to how long that million will last.
Read More »Freddie Mac Launches an ACE
When it comes to potential homebuyers as well as homeowners looking to refinance, Freddie Mac is turning to automated appraisals—at least if the property passes its automated collateral evaluation, or ACE.
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