Buying a house in 2018 has become steadily more intricate with consistent declines in availability and continued price increases, according to an analysis by Realtor.com that identified a shift in ...
Read More »Credit Scores for Mortgage Borrowers Decline
Mortgage balances, which form the largest component of household debt rose substantially, even as median credit scores of newly originating borrowers declined during the last quarter of 2017 ...
Read More »Harnessing the Power of Blockchain for the Mortgage Industry
Blockchain is creating a lot of buzz—and a lot of confusion. Primarily, this technology offers the capacity to record and monitor transactions in what is called a distributed ...
Read More »Servicing the Underserved
MReport spoke to Ray Brousseau, President, Carrington Mortgage Services, LLC, and Andrew Taffet, Chief Investment Officer and Head of Asset Management, The Carrington Companies on what drives their ...
Read More »Study Says: Home Affordability at its Lowest Since 2009
How much does it take to buy an average single-family home in the country? The answer would be approximately $283,000 according to Black Knight Inc’s Mortgage Monitor Report ...
Read More »The Week Ahead: Focus on Construction Jobs
The Bureau of Labor Statistics will release its monthly employment data for February 2018 on Friday, March 9 at 8:30 a.m. EST. The report looks at nonfarm payroll ...
Read More »Mortgage Loan Originations Become Less Profitable
Mortgage origination profitability fell to its lowest in January 2018 as mortgage volumes responded to the rising interest rates during the month according to data in the February ...
Read More »10 Most Gentrified ZIP Codes in the U.S.
As an area expands, so does its population. Over time, as people, home values, and incomes change, so does the area. Many areas in a city remain the ...
Read More »Chase No. 1 When it Comes to Providing Financial Advice
In an environment of poor money management and lack of financial literacy, the first point of contact for customers when seeking advice related to financial issues is usually ...
Read More »30-Year Fixed Mortgage Rates Rise for Eighth Consecutive Week
The 30-year fixed mortgage rate increased again this week, marking the eighth consecutive week that these rates have seen a rise according to the latest Primary Mortgage Market ...
Read More »