Daily Dose

Many consumers don’t even know whether their bank or credit card agreement has an arbitration clause, but as of Monday, that might not be relevant.

The current home market is one filled with heartache for the buyer. While home values are reaching or exceeding the peak values that were set during the housing bubble, inventory is falling rapidly—the fastest since 2013. Take a look at articles coming out on the housing market next week as well as what else is coming in the week ahead.

HouseCanary, a modern data analytics company for real estate professionals, recently announced that Dr. Alex Villacorta has joined the team as Executive Vice President of Analytics. Additionally, lenders and servicers can now access HouseCanary’s HPIs through First American Mortgage Solutions, LLC.

The Collingwood Group, a Washington, DC-based advisory firm led by the former head of FHA, recently announced along with its partners who have held senior leadership positions focused on housing policy and regulation in HUD, Fannie Mae, and Freddie Mac, that Justin Burch will be joining the company as Managing Director and head of the Federal Housing Practice.

Since 2008, industry mandated best practices have been put in place for consumers’ protection, but what happens when there’s oversight, and what can banks do to make it right?

The latest jobs report from the Department of Labor offers wildly exceeded expectations alongside disappointing compensation. Do solid employment numbers spell good times ahead? Or do sluggish wages mean trouble is looming? ///// Job growth is doing a lot better than expected. But sagging wage growth is not generating nearly the same optimism. Does the dynamic mean extended low inflation for the economy?

The industry has long called for clarification of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule—or TRID. Today, with the release of its “finalized updates,” the CFPB may have finally provided it. But what do the updates mean for the industry? And is this really the end of the You Before You Owe confusion? The answer probably won’t surprise you.

As summer heats up, so is the housing market. According to the most recent Fannie Mae Home Purchase Sentiment Index (HPSI), more and more Americans feel it is ...

“Diversity” and “inclusion” are buzzwords that have been trending in the mortgage industry for some time, but when truly absorbed, they can have a multitude of positive impacts on a business. 

Research based on the Consumer Expenditure Survey from the U.S. Bureau of Labor Statistics shows that if you just bought a home, you actually might be buying much more. What’s triggering this wealth of additional spending?