Though large publicly-traded home builders are often seen as a risk to smaller privately owned builders, private builders still dominate the residential construction sector.
Read More »Fed Reserve Head Announces Possible Rate Increase
Before the Federal Reserve Meeting on March 14, Federal reserve Head Janet Yellen announced the possibility of federal rate increases.
Read More »In Millennial Marketplace, Owners, Loans are on the Rise
Millennials tend to skip the traditional starter home by choosing larger properties with higher prices. They pay a median price of $217,000 for a home that is about 1,800 square feet, similar in size to what older generations buy.
Read More »The Gap in Housing is Growing Along Gender Lines
Out of a list of the 50 largest American cities, there are nine cities that, on average, a single man can afford a starter home, while a single woman cannot.
Read More »CFPB Handles Credit Reporting Issues
The Consumer Financial Protection Bureau addressed data inaccuracy problems from credit companies so consumers are less likely to experience faults in their report such as already-paid bills showing up as unpaid.
Read More »Carson Sworn In, Industry Reacts
After months of waiting, on Thursday Ben Carson was confirmed and sworn in as HUD Secretary. The industry was swift to voice their opinion on this next chapter for the housing agency.
Read More »Refis Up, Purchase Originations Down
Despite rising mortgage rates and declining purchase originations, refinances are on the rise.
Read More »J.D. Power: Don’t Sell, Advise
Avoid the hard sell when a customer is choosing a mortgage product and focus on assisting the customer in making the best decision to gain customer loyalty.
Read More »Wells Fargo to Increase African American Homeownership
The African American community was the hardest hit during the housing crisis. Black homeownership grew by six percent when the Fair Housing Act passed, but that growth was stunted between 2000 and 2015. Now, Wells Fargo is working to spur homeownership within this demographic.
Read More »President Discusses Regulation, Growing American Business
Throughout his hour-long speech, the president spoke of many changes and plans he had to “make America great again”—perhaps the most important of which to mortgage professionals were his comments regarding regulation.
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