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Why Refinancing Isn’t as Popular as Expected

Why Refinancing Isn’t as Popular as Expected

Even in these near-historic times we’re living in, millions of people continue to cling to their high interest rate mortgages. Why are so many failing to capitalize on the low rates that may not be around much longer? Is it just inertia? Refinances Falling Flat (Sort of) According to the latest CoreLogic MarketPulse issue, there’s… Read more »

Newly-Built Home Sales Soar in First Six Months of 2016

Newly-Built Home Sales Soar in First Six Months of 2016

The latest data from the Commerce Department is further proof that the U.S. housing market is starting to pick up steam. According to a report released in July 2016, homebuyers are purchasing newly-built homes at a substantial pace. Including gains in previously owned home sales, the housing market continues to act as fuel for the… Read more »

Midsummer Market Boost — Brisk Business Means Careful Compliance

Midsummer Market Boost — Brisk Business Means Careful Compliance

With the Brexit-induced bump to the summer housing market, many realtors, lenders and other real estate professionals are anticipating a busy season ahead. With increased sales volume comes the need for diligent reporting and compliance. Federal regulation is likely to tighten up this year between TRID’s grace period ending and new Consumer Financial Protection Bureau… Read more »

Washington: Strict Lending Standards Not Budging

Washington: Strict Lending Standards Not Budging

After the housing crash, measures were erected to prevent a similar collapse from occurring. Unfortunately, these actions include barriers to financing that are negatively impacting first-time homeowners today. Young people with steady incomes are not being approved for the loans they need to purchase their first homes, largely because of overly cautious measures designed to… Read more »

Home Equity a Cause for Concern?

Home Equity a Cause for Concern?

For the first time since 2012, delinquencies on HELOCs, or home equity lines of credit, are trending upwards. Data collected showed an annual increase twice, measuring from this past March. Because of this trend, Black Knight Financial Services gathered more information to make a more detailed analysis. HELOC Data From 2015 and 2016 In the… Read more »