The homebuying process still troubles many borrowers of all demographics due to the complexity associated with the mortgage application process.
Read More »The Retiree Dilemma—Rent or Own?
A question on the minds of many older Americans trying to find balance between their housing needs and financial situations as they prepare to retire is the decision to rent or own a home.
Read More »The Fed’s Disappearing Act
Since the highly anticipated rate hike last year, mortgage interest rates have not moved up as many in the mortgage industry expected, leaving many to wonder what happened to to the so-called increase in rates.
Read More »Housing Stands Firm Despite Economic Volatility
Existing-home sales have suffered in recent months due to the continuous imbalance of extremely low inventory levels and rapid home price appreciation, and industry experts believe that this trend will not end anytime soon.
Read More »Rising Home Prices Creates Barriers for Buyers
David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices noted that financing a home continues to be a hurdle for first-time homebuyers as low inventories and short supply cause home prices to rise.
Read More »CMG Financial Streamlines Appraisal Process With Global DMS Platform
Global DMS, a provider of web-based compliant valuation management software, recently announced that CMG Financial (CMG), has streamlined the management of its appraisal process from start to finish using Global DMS’ eTrac platform.
Read More »Digging Deeper Into the Declining Homeownership Rate
While many housing fundamentals have been nearing their pre-recession levels for months or even years in some cases, the nationwide homeownership rate sank to a 48-year low of 63.4 percent in the second quarter of 2015.
Read More »Expect Delays
Though many experts have said housing finance reform is unlikely this year, the time is now to explore the fundamentals of how that reform could happen. Uniform and transparent measures of credit risks will play a key role—whether it’s in 2016, 2017, or beyond. Editor's note: This select print feature appears in the March 2016 edition of MReport magazine, available now.
Read More »BofA Breaks Free From Financial Crisis Burdens
With the release of the company’s Q1 2016 earnings statement right around the corner, Bank of America CEO Brian Moynihan said in his letter to shareholders in the 2015 Annual Report that the bank is “no longer clouded over by heavy mortgage and crisis-related litigation and operating costs.”
Read More »Mortgage Lenders Prepare for the HELOC Wave
Banks across the U.S. are making a valiant marketing effort to encourage homeowners to take cash out on their homes, an unusual move not seen since the housing bust.
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