Since the mortgage domain—and the nation—went into a tailspin a decade ago and tons of borrowers lost their homes, adjustable-rate mortgages (ARMs) have got a bad rap. Sordid ...
Read More »Will Rising Incomes Offset High Borrowing Costs?
Rising household incomes are more than likely to offset the effects of higher borrowing costs because of rising interest rates, according to data of The Real Home Price ...
Read More »Starts are Down, But not the Housing Market
Housing starts were down 7 percent month over month according to the data for February released by the U.S. Census Bureau. Housing starts were at around 1.23 million ...
Read More »Defect Frequency in Mortgage Apps on the Rise
The frequency of defect, fraud, and misrepresentation in information submitted during the mortgage application process has increased over the past year according to the First American Loan Application Defect ...
Read More »The Cascading Effect of Wages on Home Affordability
The rise in jobs and wages reported by the bureau of labor statistics in late January is affecting the housing market in good ways and bad, according to ...
Read More »First American Acquires Bank of America’s Lien Release Business
First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced the completion of its acquisition of ...
Read More »Rising Rates Might Lead to Increase in Defect Risk
Mortgage rates are rising and are likely to influence the risk of defect, fraud, and misrepresentation in mortgage loan application according to the First American Loan Application Index ...
Read More »New Study Examines Buyer Purchasing Power
The housing prices show no sign of falling. Yet, according to the Real House Price Index released by First American Financial Corporation (First American) on Monday, the home ...
Read More »Borrowing Power Amidst Rising Mortgage Rates
In a recent Economic Center Blog by First American, their Chief Economist delves into an analysis of the “near certainty” that the FOMC will raise the short-term Federal Funds rate on Wednesday—and what that means for first-time homebuyers.
Read More »First American Acquires Bank of America’s Lien Release Business
The acquisition will complement and enhance First American’s existing best-in-class lien release business and will include agreement to continue to provide lien release services to Bank of America.
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