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More First-Time Home Buyers in the Military are Using VA Loans: CFPB
National Mortgage News, Mar. 1, 2019--Bonnie Sinnock (subscription)The conventional market recaptured a lot of the first-time homebuyers it lost during the financial crisis, but servicemembers instead have increasingly stuck with loans insured by the Department of Veterans Affairs.
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New Study Shows Financial Potholes in House Flipping
National Mortgage Professional, Mar. 1, 2019--Phil HallJust because house flipping looks like fun on HGTV doesn't mean the actual process is a breezy escapade. According to a new study from Porch.com, would-be flippers often flop when it comes to strategy planning.
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7 Ways Borrowers are Changing Mortgage Servicing
National Mortgage News, Mar. 1, 2019--Elina Tarkaziks, Austin Kilgore (free article)Innovating for the borrower was a consistent theme during the MBA's 2019 Mortgage Servicing Conference in Orlando, Fla. Whether through greater investments in technology and talent, or streamlining back-end processes to improve the consistency and speed of the decision-making process, servicers are doing more to prioritize borrowers in their businesses.
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Freddie Mac: February Forecast Hints at Mortgage Market Slowdown
HousingWire, Mar. 1, 2019--Alcynna LloydThis year's mortgage market is projected to grow modestly, as both mortgage and interest rates slide further, according to Freddie Mac's February Forecast.
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Banks Won’t Be Able to Remain on Sidelines of Privacy Debate
American Banker, Mar. 3, 2019--Victoria Finkle (subscription)The data breach at Equifax and Facebook's scandals have made data privacy a big issue to state and federal lawmakers. Here's why banks need to be worried.
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U.S. Consumer Sentiment Slipped in Late February
Wall Street Journal, Mar. 1, 2019--Sharon Nunn (subscription)U. S. consumer sentiment fell at the end of February. The University of Michigan on Friday said its consumer sentiment index declined to 93.8 in late February from 95.5 earlier in the month.
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