After the financial crisis in 2008, many veterans looked for new options in financing and refinancing for their homes. Veteran Affairs loans can cost much less for veterans and active military personnel – one of the more widely discussed advantages of veteran loan programs.
Category: News and Trends
Buying More Affordable than Renting in 53% of Housing Markets
ATTOM Data Solutions, Irvine, Calif., said its 2020 Rental Affordability Report showed owning a median-priced, three-bedroom home is more affordable than renting a three-bedroom property in 455, or 53 percent, of the 855 U.S. counties analyzed.
Homeland Security, New York DFS Issue Warnings on Potential Iran Cybersecurity Breaches
In the wake of the U.S. military drone strike against the leader of Iran’s special operations forces earlier this month, the Department of Homeland Security, as well as the New York Department of Financial Services, issued warnings about potential Iranian cybersecurity threats targeting U.S. businesses, particularly financial institutions.
HUD Issues New Proposed Fair Housing Rule
HUD last week published its proposed Affirmatively Furthering Fair Housing rule, which it said is intended to offer “clearer guidance” to states and local governments to help them improve affordable housing choices in their community.
U.S. Population Growth Continues to Slow
Data released by the U.S. Census Bureau shows 42 states and the District of Columbia had fewer births in 2019 than 2018, while eight states saw a birth increase. With fewer births in recent years and the number of deaths increasing, natural increase (or births minus deaths) has declined steadily over the past decade.
Homeland Security, New York DFS Issue Warnings on Potential Iran Cybersecurity Breaches
In the wake of the U.S. military drone strike against the leader of Iran’s special operations forces last week, the Department of Homeland Security, as well as the New York Department of Financial Services, issued warnings about potential Iranian cybersecurity threats targeting U.S. businesses, particularly financial institutions.
Housing Markets that Changed Most over Past 10 Years
According to Redfin, Seattle, the U.S. housing market ended the decade in a “vastly different place” than it began.
U.S. Population Growth Continues to Slow
Data released by the U.S. Census Bureau shows 42 states and the District of Columbia had fewer births in 2019 than 2018, while eight states saw a birth increase. With fewer births in recent years and the number of deaths increasing, natural increase (or births minus deaths) has declined steadily over the past decade.
Executive Outlook 2020: Fintech and Data Analytics in Origination, Servicing and the Secondary Market
MBA NewsLink looks at 2020 with perspectives on mortgage technology from several industry executives: Pat Stone of Williston Financial Group; Mike Seminari and Seth Sprague, CMB, of STRATMOR Group; Raymond Eshaghian of Greenbox Loans; and Jane Mason of Clarifire.
Uptick in Fraud Risk Raises Eyebrows
First American Financial Corp., Santa Ana, Calif., said its monthly Loan Application Defect Index showed a jump in mortgage fraud risk for purchase transactions, the first such increase since last March.