CFPB

Hint….You May Want To Start Heading Southeast

Today’s News Synopsis: What are the hottest neighborhoods to keep your eye on this year?  Millennials are excited about buying a home, but not so much about the process.  Home prices continued to see increases back in November, having increased 3.5% year-over-year. In The News: MSN – “CFPB moves to eliminate mortgage debt-to-income rule for borrowers” …

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Keep Driving Till You Do! Builders Are Coming With You

Today’s News Synopsis: Can’t qualify for a mortgage?  When should you do the necessary upgrades to your home: before or after selling?  The Mortgage Bankers Association reported a 3.3% decrease in mortgage applications from last week. In The News: MarketWatch – “Americans are driving until they qualify again, and builders are responding” (5-29-2019) “Home builders are …

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Effects Of Redlining Are Still Visible In Today’s Market

Today’s News Synopsis: Homes in formerly redlined areas still trailing in value.  HUD Secretary Ben Carson proposed changes to be made to current rent policies that would make them predictable and easier to understand.  Home prices may see another increase as building materials are becoming more expensive. In The News: Zillow – “Homes in Formerly …

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500 Credit Scores? Foreclosure? Late Payments? It’s Cool, They’re Going To “Properly Underwrite Them”???

Today’s News Synopsis: Don’t call them subprime mortgages.  ATTOM Data Solutions reported a 19% decrease in foreclosure activity in the first quarter of this year.  New home purchase applications decreased 2.6% year-over-year according to the Mortgage Bankers Association. In The News: ATTOM Data Solutions – “U.S. Foreclosure Activity Decreases 19 Percent in Q1 2018 to …

500 Credit Scores? Foreclosure? Late Payments? It’s Cool, They’re Going To “Properly Underwrite Them”??? Read More »

Acting Director Launches Public Review

Today’s News Synopsis: The CFPB wants to hear from you.  The NAHB reported a two point increase in builder confidence in December, placing it now at 72.  The Mortgage Bankers Association reported a 4.1% in mortgage applications last week. In The News: CoreLogic – “CoreLogic Integrates Fraud and Income Verification Solutions with LendingQB” (1-17-2018) “CoreLogic (NYSE: …

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