Government

December 18, 2017

Homeowner equity rises by $871B

Homeowners with mortgages, or 63% of the total, have collectively seen their equity increase 11.8% from the third quarter of 2016 to 3Q17, representing a gain of $871 billion year-over-year, according to […]
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 […]
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 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 9, 2017

FHA Loan Delinquency Rate Flattens

Closed-end loans continue to return to normal levels as overall consumer delinquencies remained steady and serious delinquency rates remained near the 10-year low.  However Federal Housing Administration […]
November 7, 2017

Are Some Cities Close to a Housing Bubble?

According to a recent report released by the Urban Institute, with home prices on the rise, some cities are inching closer to a housing bubble.  The […]
October 25, 2017

Housing Confidence on the Rise; Renters Optimistic

The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 0.3 points in September to 88.3, matching the all-time high set in June. The rise can be […]
October 20, 2017

Banks Prepare for Credit Card Defaults

Credit card delinquencies increased for three consecutive months, adding to signs that consumers in the U.S. are having a tough time paying their debt.  According to recent […]