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 employment trends, and other information pertinent to determining property values, will we continue to need a physical…
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 Universal Financial Associates (UFA) Default Risk Index says it’s up 25% over 2016 Corelogic says…
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 regulations, with tax and healthcare reforms. America was ready to get back to the…
Some experts are now saying that buying a home may not be the great wealth builder it once was. They say it may be better to rent a place to live and invest the intended down payment in the stock market. Yeah, like that’s such a sure bet. Who decided that buying a home was meant to be an ‘investment’?…
Okay, a little good news for a change. A CoreLogic report indicates that to date about 9 million current homeowners have regained positive home equity. Residential property owner’s still carrying negative equity is down to about 3.1 million. Some highlights of the report: 635 of homeowners realized a $7.66 billion increase in the last year On average, each homeowner saw…
In case you didn’t know, NCAP is the National Consumer Assistance Plan. Under this plan, the 3 credit repositories will no longer report most civil judgments and tax liens, or unpaid medical bills less than 6 months. They say it’s because, in many cases, these issues are not accurate and they may negatively impact a consumer’s credit profile and score.…
