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 »5 Reasons Tech Innovation is a Must Among Mortgage Businesses
The heavily-regulated mortgage environment has caused technology innovation to become a new focal point of many businesses within this space. John Guzzo, Managing Director in the Financial Technology Group at Berkery Noyes sat down with MReport to share his insight on how technology is changing the mortgage industry.
Read More »GSEs Introduce Independent Dispute Resolution Process for Loan Repurchases
Fannie Mae and Freddie Mac revealed a highly-anticipated, final independent dispute process for mortgage buybacks. The new process will offer more clarity and transparency for lenders and increased credit access to borrowers.
Read More »Fed: Interest Rates to Remain Under Long-Term Goals for Some Time
Federal Reserve officials' stance on monetary policy is mostly affected by the direction of the economy. Although they raised the federal funds rate in December, current economic conditions may not warrant another increase for awhile.
Read More »How eDocuments Can Improve Lenders’ Mortgage Business
Closing on a home can be an exciting but frustrating process, but recent innovations in mortgage technology have made the process much easier through electronic loan document delivery.
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 »What’s Causing the Slowdown in Household Formation?
The formation of new households in the U.S. were disappointing to say the least for the final quarter of 2015, but Capital Economics says that this news is no reason to panic.
Read More »Presidential Candidates Keep Silent About Housing Policy Before Iowa Vote Last Night
The 2016 Presidential Race officially kicked off last night in Iowa. Curiously, the topics of housing and homeownership have been noticeably absent from their campaign speeches.
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.
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