Business

December 14, 2017

Mortgage Fraud Risk Slows; Rises in Hurricane-Impacted States

While the nationwide run-up in mortgage loan application defects appears to have slowed, instances of fraud remain on the rise in Texas and Florida.  The First […]
December 12, 2017

Mortgage Delinquencies Rise After Hurricanes

The three major hurricanes that caused devastation during August and September were largely responsible for the third-quarter increase in mortgage delinquencies.  The seasonally adjusted delinquency rate […]
November 21, 2017

Housing Affordability May Plummet in 2018

During the recent CoreLogic and the Urban Institute’sHousing Finance, Affordability and Supply in the Digital Ageconference, CoreLogic Chief Economist Frank Nothaft predicted rising interest rates will […]
November 17, 2017

Americans Waiting for a Bigger Raise

The government said that average hourly earnings rose 2.4% over the past 12 months.  That’s a slip from the 2.9%increase reported in September. It remains below the 3% to 3.5% range that many […]
November 16, 2017

Sales to First-Time Home Buyers Fell 34% in 2017

First time homebuyers continue to struggle to enter the housing market amidst limited housing inventory, falling to the fourth lowest level since 1981, according to the […]
November 15, 2017

Are Home Equity Loans Staged for a Comeback?

There has been a hint of optimism for home equity lending among bankers this earnings season, but attitudes remain mixed a decade after the housing market […]
November 14, 2017

Housing Affordability Still Strong Despite Price Increases

Home prices continue to increase, yet affordability actually improved since July, according to the latest Mortgage Monitor report from Black Knight.  As of September, the average […]
November 13, 2017

Will Regulation Solve Cybersecurity Problems?

Cybersecurity was a main topic at a recent New York banking conference.  According to Arthur Lindo, senior associate director of the Fed’s division of supervision and […]
November 10, 2017

Millennials are saving more for retirement

In the race to save for retirement, one group is doing surprisingly well: millennial parents.  That’s according to a new NerdWallet survey, which found that 38% of millennial parents […]