Strong Economic Data Pushes Rates Higher By Tom Menke

Overview: Most of the market news this week was unfavorable for mortgage rates, causing rates to end the week a little higher. The primary influences included stronger than expected economic data and progress on tax reform. Comments from current Fed Chair Janet Yellen and President Trump's nominee to be the next Fed Chair Jerome Powell … Continue reading Strong Economic Data Pushes Rates Higher By Tom Menke

Bank on These Banks for Customer Satisfaction by David Wharton

RewardExpert.com recently analyzed consumer data in an attempt to answer a question: what are the best banks in the country—and does the bank’s location play a role in its customers’ overall satisfaction? Working from a compilation of consumer complaint data from the Consumer Financial Protection Bureau (CFPB), RewardExpert divided the complaints into four categories: bank … Continue reading Bank on These Banks for Customer Satisfaction by David Wharton

Industry Pros Shifting Focus Toward REO Restoration by David Wharton

According to a new survey by Altisource Portfolio Solutions S.A., restoration and improvement of REO properties is becoming an increasing priority for many industry professionals. Altisource today released additional results from its inaugural Default Servicing Survey, which revealed that 93 percent of the over 200 mortgage default servicing professionals surveyed said that their organization is … Continue reading Industry Pros Shifting Focus Toward REO Restoration by David Wharton

Market Analysis After 25-Months of Tight Inventory by Nicole Casperson

On Thursday, Redfin released a housing market report—providing insights based on data reported for October 2017. The report breaks down its information into four main categories including; competition, home prices, sales, and inventory. Additionally, Redfin reported market updates based on the 74 metro areas it tracks. Nationally, the number of homes for sale decreased 12.2 … Continue reading Market Analysis After 25-Months of Tight Inventory by Nicole Casperson

Credit Access on the Incline by John Tee

According to the Q3 Industry Insights Report by TransUnion, credit access is at an all-time high. 195.9 million consumers have access to revolving credit, including bank-issued and private label credit cards, auto loans, personal loans—and of course mortgages.. This number marks the highest level of credit yet measured by TransUnion. With greater access to credit … Continue reading Credit Access on the Incline by John Tee

Homes Reach Boom Prices Nearly a Decade Later by Nicole Casperson

Home prices have returned to boom levels similar to 10-years ago when the housing bubble burst and catapulted the Great Recession. Despite similarities between then vs. now, the current market is experiencing material differences, according to data released Monday from Realtor.com. Historically low inventory levels, tighter lending standards, significant job and household growth, and a … Continue reading Homes Reach Boom Prices Nearly a Decade Later by Nicole Casperson