Currently, the GSEs use the FICO credit score model, which critics say is outdated and less granular than more recent models, however, FICO begs to differ.
Read More »UPDATE: Harvey Property Destruction Expands Further
Texas Governor Greg Abbott has extended his state disaster declaration to include 20 additional Texas counties in response to the damage caused by Hurricane Harvey, effective August 26. ...
Read More »Attention All HELOC Issuers: Please Report to CFPB
The CFPB announced Thursday that the Home Mortgage Disclosure Act (HMDA), enacted in 1975, has been temporarily changed for banks and credit unions that offer Home Equity Lines of Credit. Take a look at some of the changes that were made in the final ruling.
Read More »Same Story, Different Stats
While “girls rule the world” may be a popular battle cry, the chasm continues. And the newest rift is affecting single women, who amass less home equity than single men, a new study finds. So just how much are women losing out?
Read More »Jennifer Anspach of Safeguard Properties Named HR Executive of the Year Finalist
Safeguard Properties recently announced Jennifer Anspach, AVP of Human Capital, as HR Executive of the Year Finalist in the private companies category for Crain’s Cleveland Business’s 2017 Archer Awards.
Read More »Then, Now, and Later
According to Fed Chair Janet Yellen, today's financial system is a safer one thanks, in large part, to the Great Recession—as well as the reforms that followed it. Read on to see Yellen's full remarks.
Read More »Seniors Overreaching
In a recent brief the Consumer Financial Protection Bureau (CFPB) examined the financial tradeoffs of entering into a reverse mortgage at the age of 62.
Read More »Shiller: This is a Part of American Culture
Robert Shiller sat down with CNBC to talk about the potential fallout on the housing market if tax reform removes the mortgage interest deduction. See his differing thoughts in this Video Spotlight.
Read More »Undersupplied and Overheated
At the epicenter of the housing crisis was the underwater borrower, a by product of unrealistic price points and an over-heated housing market. Now, according to recent data, some market's are overheating once more.
Read More »Home Sales Sour
According to the National Association of Realtors (NAR), sales of existing homes fell 1.3 percent to a seasonally adjusted annual rate of 5.44 million. While sales are 2.1 ...
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