The progression of homeownership across the U.S. is declining and educational attainment is a leading factor in the direction of these numbers, according to First American Financial Corp.
Read More »Overcoming the Barriers to Homeownership
First-time buyers are often faced with several barriers to homeownership including student loans, down payment savings, and balancing multiple financial priorities, but they ultimately express a desire to own a home.
Read More »Mortgage Round-Up: Rates Slip Near 2016 Lows, Applications Drop
Rates fell a bit lower this week, but buyers did not hurry to take out a mortgage loan. On top of that, mortgage credit has tightened this month, which could be the reason that buyers were unable to purchase a home.
Read More »CFPB Says No More Arbitration Clauses
The CFPB wants to cut off lenders’ ability to include clauses prohibiting borrowers and bank account holders from filing or joining class action lawsuits in their contracts.
Read More »Sperlonga Announces HOA Reporting Partnership With Equifax
Irvine, California-based Sperlonga Data & Analytics, a data aggregation business for non-standard credit data sources, announced an agreement to become the first company to furnish homeowner association (HOA) payment and account status data to Equifax, Inc.
Read More »10 Cities Where Are Homes Selling Fastest
There are two occurrences happening simultaneously in the market: some of the hottest housing markets may be slowing down, while those that have been slow to rebound are finally heating up.
Read More »Is Ginnie Mae the Answer to GSE Reform?
If the GSE reform should happen, the industry should aim to meet the needs of future generations of homeowners, not the want of political interests. In order to do this, however, Ginnie Mae will need to come forward as its own government corporation.
Read More »Homebuyers Less Diligent When Shopping Online
Of all the major purchases in life, a home purchase in probably the biggest investment a consumer will make. So, it's surprising to find that homebuyers spend more time researching a car than their home loan.
Read More »Another Non-Bank Servicer Counts its Losses
Nationstar was the only one of the three largest non-bank servicers rated by Moody's to turn a profit in 2015, but the Dallas-based servicer couldn't keep it up in the first quarter of 2016. What caused the net loss for Nationstar, and which segments of the company performed well in Q1?
Read More »The Face Off—FHA vs. Private Mortgage Insurance
In the time period following the housing market collapse, private mortgage insurance was not easy to obtain. This left the door open for the FHA to step in to accommodate low-down payment borrowers and pick up more market share. But the tables have since turned.
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