HousingWire, Jan. 30, 2017–Kelsey RamirezNovember brought a reversal to the growing home affordability with a sudden drop, according to First American Financial Corp.’s Real House Price Index.
Category: Top National News
There’s a Huge Gap Between American Economic Hopes and Reality
Bloomberg, Jan. 30, 2017–Matthew BoeslerSurveys of businesses and consumers have shown a surge in confidence since the Nov. 8 U.S. presidential election, as hopes for growth-lifting fiscal stimulus and deregulation have increased. But actual economic activity has yet to catch up.
U.S. Consumer Spending, Housing Data Bolster Economic Outlook
Reuters, Jan. 30, 2017–Lucia MutikaniU.S. consumer spending accelerated in December as households bought motor vehicles and cold weather boosted demand for utilities amid a rise in wages, pointing to sustained domestic demand that could spur economic growth in early 2017.
Refis Drag Down New Mortgage Business
Mortgage Daily, Jan. 30, 2017The U.S Mortgage Market Index from OpenClose and Mortgage Daily, an indication of upcoming originations, was 119 in the week ended Jan. 27.
Freddie Lifts Q1 Mortgage Refinance Forecast
Mortgage Daily, Jan. 30, 2017The outlook for refinance production during the first-three months of this year has been raised by Freddie Mac, though at the expense of subsequent quarters.
Chicago Bank is 2nd Bank Failure of 2017
Mortgage Daily, Jan. 30, 2017On Friday, the Illinois Department of Financial and Professional Regulation Division of Bank reported that it seized Seaway Bank and Trust Co. in Chicago.
Marshall Mills: Retail Market Reaches New Heights
D Magazine, Jan. 30, 2017–Marshall MillsBest market ever? For the Dallas-Fort Worth retail market, you’d have to say yes when considering our current high occupancy, supply in line with demand and economic strength that continues to drive retail growth.
Credit, Debt Dings Don’t Always Doom Mortgage Applications
Chicago Tribune, Jan. 30, 2017–Kenneth R. HarneyNew data from technology company Ellie Mae, whose loan application and management software is widely used in the mortgage field, reveals that even if you’ve got what seems to be a deal-killing low FICO score or you’re carrying a mountain of debt, you still might have a shot at qualifying for a mortgage to buy the house you want.
Four Next-Gen Methods to Transform the Mortgage Industry
MReport, Jan. 30, 2017–Phil BankerAreas that will transform mortgage lending include embracing digital, improving scale with robotics process automation, leveraging advanced analytics and building platforms to meet the needs of the evolving industry.
PHH Seeks to Block State AGs from Intervening in CFPB Case
National Mortgage News, Jan. 30, 2017–Kate BerryPHH Corp. is opposing an attempt by Democratic attorneys general in 16 states and the District of Columbia to intervene in an appeals court case that found the Consumer Financial Protection Bureau’s structure was unconstitutional.