Home >> Author Archives: Seth Welborn (page 69)

Author Archives: Seth Welborn

Seth Welborn is a Harding University graduate with a degree in English and a minor in writing. He is a contributing writer for MReport. An East Texas Native, he has studied abroad in Athens, Greece and works part-time as a photographer.

Bringing Harvey Aid to Texas

The House of Representatives will soon return from summer recess and vote on the first phase of emergency relief money for areas affected by Hurricane Harvey. Take a look at how they plan on keeping FEMA operating while still funding federal disaster relief.

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Watch Out for the Little Guy

With banking regulations becoming more strict, it may be hard for small banks to stay afloat. What are federal regulators doing to keep community banks competitive?

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The Fight for New Homes

With low inventory hampering the housing market, new home sales may be the solution. Take a look at the current state of the single-family new home market.

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Low Rates, Low Sales

Mortgage rates have been low for a while now, but consumers still aren’t buying. What is keeping potential homeowners out of the market, and what can be done to bring them back in?

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Banks Report Declining Mortgage Performance

The first quarter was a mixed bag for Wells Fargo, JPMorgan Chase, and PNC. All three bank’s latest earning reports reveal lower gains on residential mortgage servicing rights and lower mortgage loan revenues, but the banks are optimistic going into the 2017. Overall earnings for JPMorgan Chase and Wells Fargo were down slightly from the previous quarter.

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Mortgage Bankers Report Rising Profits

Independent mortgage bankers profits are up, according to the Annual Mortgage Bankers Performance Report. Independent mortgage banks and mortgage subsidiaries of chartered banks made an average of $157 more on average per loan originated in 2016 compared to 2015. The report also found that average production volume was $2,679 million per company, another increase from 2016’s $2,504 million per company.

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Ellie Mae Inducts ClosingCorp into Hall of Fame

ClosingCorp recently announced its induction into the Ellie Mae Hall of Fame. The provider of real estate cost data and technology for the mortgage and real estate services industry was selected as the winner of the Lenders’ Choice for Best Service Provider Category.

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Down Payments are the Biggest Barrier to Homeownership

Down payments are holding back renters from entering the housing market. Mortgage payments tend to be considerably cheaper than a rent payment on a monthly basis, but Zillow’s Housing Aspirations Report found that 70 percent of renters across the country are find high down payment costs to be the top roadblock to homeownership.

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Jeb Hensarling Discusses CFPB Reform and Accountability

Financial Services Committee Chairman Jeb Hensarling still finds fault in the CFPB’s structure, and in Cordray’s leadership. According to Hensarling, Cordray “recklessly ignores the due process protections that have been deeply rooted in our American legal system for centuries." Hensarling hopes the Bureau will become the "cop on the beat" its supporters want.

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