"Many markets have experienced a low inventory of homes for sale along with strong buyer demand, which is sustaining upward pressure on home prices. These conditions are likely to persist as we enter 2016,” said Dr. Frank Nothaft, chief economist for CoreLogic.
Read More »OpenClose & LBA Ware Partner to Automate Loan Comp Process
OpenClose and Lending & Banking Automation Software announced that they have teamed up to provide an automated loan compensation process, which will no longer require companies to manually track commission and payouts. OpenClose is an enterprise-class, multi-channel, end-to-end loan origination system provider and LBA Ware provides commission automation software.
Read More »The Collingwood Group Chairman Debates Fed Rate Hike
With one last opportunity to raise rates this year, many believe that the the Federal Open Market Committee just may follow though with an obscure promise made in the last meeting in October. The Collingwood Group Chairman Tim Rood debated the possible rate hike in December and other topics on Fox Business Network’s Cavuto.
Read More »Mortgage Borrowing Dampened by Student Loan Debt
So how adversely does student debt affect consumers' ability to get a mortgage loan? A report from the Federal Reserve Bank of Cleveland released Monday showed that as the percentage of younger consumers with student loan debt rose over the last ten years, those with a mortgage declined.
Read More »Fed Tightens Up on “Too Big to Fail”
One of the enduring criticisms of the Dodd-Frank Wall Street Reform Act of 2010 is that it codifies “too big to fail” and allows the government to continue to financially rescue firms that are deemed systemically important.
Read More »CitiGroup Investors File Multi-Billion Dollar Suit Over Toxic RMBS
A group of Citigroup Inc., investors recently filed a lawsuit against the bank, with the allegations that the bank failed to address problems related to toxic residential mortgage-backed securities.
Read More »Housing Affordability Will Drive First-Time Buyers to Suburbs in 2016, Zillow Says
First-time buyers may want to turn their attentions toward suburbs in 2016. As home prices are showing no signs of slowing down, affordability becomes a larger issue when purchasing a home.
Read More »Pending Home Sales Slowed By Low Inventories & Rising Prices
NAR Chief Economist Lawrence Yun believes pending home sales have been restrained in the fall season as "buyers struggle to overcome a scant number of available homes for sale and prices that are rising too fast in some markets."
Read More »Home Prices Rise Marginally in September
Black Knight Financial Services' Data and Analytics division released its September 2015 Home Price Index report, finding that U.S. home prices rose marginally by 0.1 percent in September.
Read More »Selene Finance Welcomes New EVP of Business Development
Selene Finance, LP, a specialty mortgage servicer, has added Tom Donatacci is to lead all business development efforts in the role of EVP of Business Development. Donatacci previously served as EVP of Sales at Clayton Holdings. Prior to Clayton, he was the Senior Managing Director of sub-servicing and MSR transactions at GMAC ResCap.
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