05
JUL
2017
nobody-move-housing-market-stalled-refis-ending

People Are Staying Put

Hope you all had a happy July 4th holiday. It’s great to see the country come together to celebrate our freedoms and honor those who sacrificed to preserve them. Even if it was only for one day! Another thing to celebrate is the improving economy. But, with continued low...
03
JUL
2017
buyers-sellers-mexican-standoff-housing-market

Housing’s at an Old Fashion Mexican Standoff…

The number of existing homes for sale has continued to decline over the past few years. Simply put, this means there aren’t enough homes on the market for those who wish to buy. That’s good for some existing homeowners as it increases their home’s value, but it also makes it...
30
JUN
2017
false-positive-good-credit-report-Equifax-experian-Trans-Union

Credit Scores Could Give a False Positive

In case you missed it, or just plain forgot, effective July 1st the 3 credit repositories, Equifax, Experian and Trans Union, will discontinue reporting most tax liens and civil judgments, as well as, any unpaid medical bills of 6 months or less, on consumer credit reports. This...
29
JUN
2017
watch-easing-credit-slippery-slope

Competition and Declining Profits Leading to Easing Credit

According to Freddie Mac, we’ve hit the high point for 2017 loan originations. New business is now expected to decline over the next two-quarters. Further, although purchase volumes are projected to increase in 2018, overall originations are expected to be less due to the...
28
JUN
2017
how-do-we-climb-out-deep-hole

We Dug the Hole Now How Do We Climb Out?

As a result of the problems encountered in 2007 and 2008, the emphasis has been, and still is, on a housing market recovery through an improving economy, restoration of home values, and protecting consumers against predatory lending. Actions toward this end, include such things...
27
JUN
2017
Feels-like-the-first-time-homebuyers

Feels Like The First Time; Homebuyers, That is

According to Genworth’s most recent First-Time Home Buyer Market Report, first-time homebuyers play a pivotal role in influencing housing inventory and home prices because they represent the shift in demand from rental to owner occupancy. Talk about having a firm grasp of the...
26
JUN
2017
Millennials-How-They Apply-for-mortgage-loan-survey

Millennials, Lending and Technology

With Millennials now entering the home buying market, lenders are looking for ways to best serve their needs. Some recent studies turned up some important and surprising results. For the most part, this new high-tech generation isn’t much different from prior generations when it...
22
JUN
2017
big-data-technology-replaces-appraiser

Will Technology and Big Data Replace The Appraiser?

Advancements in technology have led many to question the continued role of the Loan Originator in the home financing process. Could it be that the appraiser is the one at risk? With databases constantly being fed information about property values, market conditions, area...
21
JUN
2017
predicting-mortgage-default-risk-like-weather-map

Predicting Mortgage Default Risk is Like Predicting the Weather

With all the sophisticated equipment and computer models forecasting, the weather is still not an exact science. It all depends on which way the wind blows. It seems that predicting mortgage default rates is about the same. According to recent reports on default risk: The...
20
JUN
2017
america-uncertainty-american=flag

Washington Fiddles While Markets Do a Slow Burn

The year started out with great anticipation. We had a new president, a new administration, with plans to improve the economy and get people working again. Even with talk of interest rate hikes, things were buzzing due to the potential for more jobs, wage growth, fewer...