National Mortgage Professional, Oct. 30, 2017–Phil HallThe share of sales to first-time homebuyers fell this year to 34 percent, the lowest level since 1981.
Category: Top National News
Can Blockchain Be Used to Build a Better Credit Bureau?
National Mortgage News, Oct. 30, 2017–Penny Crossman (subscription)”There’s no doubt that the blockchain concept, with its power to prevent duplication and divergence from the chain, is highly promising for identity,” said Jo Ann Barefoot, a former deputy comptroller at the Office of the Comptroller of the Currency and now a compliance consultant.
Now Entering Phase 2: The Updated Digital Mortgage
HousingWire, Oct. 30, 2017–Brena SwansonCoverage on digital mortgages moved from transforming the front end of the process to transforming the back end: Phase two.
Rent Is Eating Up a Record Share of Americans’ Disposable Income
Bloomberg, Oct. 30, 2017–Matthew BoeslerIf it feels like the rent keeps going up, you’re not alone: The share of U.S. disposable income that went toward such spending totaled 3.81 percent in the third quarter, marking the highest share in data going back almost six decades.
Movement Mortgage Maintains Loan Volume
Mortgage Daily, Oct. 30, 2017Home-lending volume at Movement Mortgage LLC held up from the prior quarter and a year prior. The company’s payroll continued modest growth.
NBC/WSJ Poll: Nearly Half of Working Women Say They’ve Experienced Harassment
NBC News, Oct. 30, 2017–Carrie DannA new poll conducted by NBC News and the Wall Street Journal shows that 48 percent of currently employed women in the United States say that they have personally experienced an unwelcome sexual advance or verbal or physical harassment at work.
The Long View: The Dark Side of Real Estate’s Tech Investment Boom
The Real Deal, Oct. 30, 2017–Konrad Putzier Developers who buy stakes in startups may stifle innovation down the road.
NMLS Registrants Targeted in Phishing Scam
Mortgage Daily, Oct. 30, 2017An Nationwide Mortgage Licensing System advisory indicates that fraudulent emails which appear to be from NMLS could be an attempt to obtain personal information.
Mortgage Layoffs Pick Up Steam
Mortgage Daily, Oct. 30, 2017–Sam GarciaAs interest rates continue to drift higher, an acceleration of layoffs in real estate finance is taking place. Two companies are closing their mortgage divisions.
TCF Bank Acquires Rubicon Mortgage Advisors
Milwaukee Journal-Sentinel, Oct. 30, 2017–Sarah HauerTCF National Bank, headquartered in Wayzata, Minn., announced Monday it acquired residential mortgage lender Rubicon Mortgage Advisors.