In the same period of time where the value of the U.S. housing market has reached an all-time high, the amount of homeowners with mortgages is falling. What is causing the shift?
Read More »FirstClose Releases New Platform for Title Searches
SMART Select uses intelligence logic to automatically select the title vendor with the best service, best price, and best turn-time for financial institutions.
Read More »Gateway, Black Knight Partner for Risk Mitigation
Black Knight’s Ernst Fee service will help Gateway First Bank to mitigate risk with cures and automate accuracy of fee data.
Read More »Studying First-Time Homebuyers
For the first time, the annual growth rate in home sales to first-time buyers under performed the single-family housing market, as first-time buyers purchased 4% fewer homes in ...
Read More »The Rise of Existing Home Sales
The National Association of Realtors (NAR) reported that existing home sales rose 2.5% in July and are up 0.6% from last year. “Falling mortgage rates are improving housing ...
Read More »Another Month, Another Decrease in Mortgage Rates
Ellie Mae’s July Origination Insight Report found that the 30-year mortgage dropped for the seventh-consecutive month to 4.18% The drop from the prior month’s 4.40% also led an ...
Read More »What do Millennial Homebuyers Know?
According to a new report, some potential homebuyers, particularly younger buyers, may be frightened away from buying a home by a lack of knowledge about the process.
Read More »Linking Mortgage Debt to Life Expectancy
Is having debt a good thing? A new study by LendingTree found a correlation between mortgage debt and life expectancy, as higher debt relative to income is linked ...
Read More »Tenure Length Increasing for Homeowners
First American Financial Corporation is reporting that tenure length has increased year-over-year by 11% in July and has caused the loss of nearly 450,000 potential home sales—a monthly ...
Read More »The Continual Shrinking of Single-Family Home Sizes
The National Association of Home Builders (NAHB) reports that the size of single-family homes during Q2 2019 declined. The NAHB, with data from the Census Bureau’s Quarterly Starts ...
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