This credit risk transfer transaction is expected to reduce the risk borne by U.S. taxpayers and bring more private capital back into the mortgage market.
Read More »Single-Family Housing Starts Reach 9-Year High
Home building rebounded this month with a surge in single-family home construction, inducing starts, permits, and completions, signaling newfound confidence in the housing market and economy.
Read More »Genworth Mortgage Insurance Partners with Roostify
Genworth Mortgage Insurance , a subsidiary of Genworth Financial, Inc., recently announced an exclusive partnership with Roostify, a web and mobile platform that streamlines and accelerates the home buying process.
Read More »House Committee Chairman Promises ‘Bold and Better’ Alternative to Dodd-Frank
Rep. Jeb Hensarling, Chairman of the House Financial Services Committee, delivered a public address on Tuesday on the committee’s plan to offer what he terms a “bold and better” alternative to the Dodd-Frank Act, according to an announcement from the committee.
Read More »Homeownership for Hispanics on the Rise, Despite National Stall
Despite the mostly stagnant homeownership report, the number of Hispanic buyers entering the market has continued to grow over the last five years. The only homeownership rate to see a spike, Hispanics will likely be the primary driver of new homeowners for the next decade and beyond.
Read More »Banking Industry Begins Preparation for Higher Credit Costs
The U.S. banking industry's period of recovery and release have come to a close and significantly higher credit costs lie ahead which will indeed affect these institutions' first quarter earnings.
Read More »Credit Unions Urge CFPB to Reduce HMDA Regulatory Burden
The revamped rule appears to be weighing heavy on the minds of many in the mortgage industry as is brings about several new data point requirements that must be fulfilled by lenders.
Read More »Home Builders’ Steady Confidence Bodes Well for Single-Family Market
Confidence among home builders has been on a series of ups and downs over the last few months, showing slow, but continued progression in the single-family sector, but they are still faced with concerns about labor and lot shortages.
Read More »Troubled By TRID: The Rule’s Unexpected Impact on Buyers
Fifty-one percent of repeat homebuyers, reported that they experienced unexpected costs, fees, or surprises in their most recent home buying experience, according to a recent survey.
Read More »Ernst Publishing Company, eLynx Link Software Systems
Ernst Publishing Company, a provider of technology and closing cost data information for the real estate and home finance mortgage industries for 26 years, and eLynx, a provider of on-demand compliance services for Data-Validated MortgagesSM, have linked their software systems.
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