Record-low yields on U.S. treasuries are keeping mortgage rates down near all-time lows, which in turn is driving increases in house-buying power and affordability.
Read More »Education’s Influential Role in Home Purchase Decisions
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 »Potential Fed Rate Hike Will Hit First Time Homebuyers Hardest in 2016
The Federal Open Market Committee will convene next week for the last time this year and are expected to sweep the industry will a change to the federal funds rate, something that has not been done since June 2006.
Read More »Mortgage Loan Application Defects Driven Lower by Ability-to-Pay Rules
Mortgage loan application defects are becoming less prevalent in the housing market as the Ability-to-Pay rules are reducing fraud risk related to income, while misrepresented income is more likely to be caught on a loan application.
Read More »Homeownership Progress Declines in 2014, Index Shows
Homeownership may have declined in 2014, but there are other trends and factors such as marriage and children, education, demographics, and lifestyle that influence how consumers operate in the market.
Read More »First American Expands Data Solution Suite
First American Financial Corp., a provider of title insurance, settlement services and risk solutions for real estate transactions, recently expanded their ability to license its comprehensive real estate data that includes 99.9 percent of U.S. housing stock and includes more than 5.5 billion recorded document images.
Read More »Mortgage Loan Application Defects Lower in August
Mortgage loan application defects took an unexpected turn in August and declined 2.4 percent, but there are questions as to whether or not loan defects will continue this downward trend.
Read More »First American’s Datatree First to Offer Residential Building Data in Orange County, California
First American Financial Corp., recently announced that its DataTree property research solution is the first to offer a comprehensive collection of residential building characteristic data for Orange County, California properties.
Read More »Mortgage Loan Application Defects Head Up in July
First American Financial Corporation’s Loan Application Defect Index for July 2015 found that the mortgage loan defect rate rose 4.9 percent in July compared to June.
Read More »First American Launches TRID-Ready PredProtect Enhancements
First American Financial Corporation recently announced the launch of its new PredProtect enhancements and schema, along with the availability of its Release Candidate testing site.
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