Banks Feel Pressure of Changing Industries
As banks grapple with developing and adopting next-gen analytics, credit risk, and other technologies, a digital revolution may be on the horizon. Source: DS News
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Average Rent Surpasses $2,000
Rent gains in November fell for the sixth straight month. Click through to find out how much it slowed by. Source: DS News
FHFA, CFPB Unveils Updated National Survey of Mortgage Originations Data
New data released from the FHFA and CFPB revealed the COVID-19 pandemic shaped the mortgage borrower experience in 2020, where nearly 50% of borrowers reported that a paperless online [...]
CFPB to Establish Registry to Detect Repeat Offenders
Proposal of a registry of company and court order information will assist the Bureau in identifying and mitigating risks to American households. Source: DS News
CoreLogic Announces Suite of Property Risk Tools
New solution offers a view of physical risk, leveraging Google Cloud, combining hyperlocal property data with financial information to estimate and mitigate the impact and cost of future catastrophes. [...]
Homeownership Remains Top Priority
As the market hit new highs over the last year tanking affordability, those sidelined by it still view homeownership as their top priority. Source: DS News
Examining the State of the U.S. Economy, Nationwide Debt
Total household debt in the U.S. has increased by nearly 20% over the past decade, from sources like auto, student loan, and mortgage debt. New data from Upgraded Points [...]
Housing Inventory Posts Record Increase as Rates Drop
New data from Redfin’s Homebuyer Price Index showed that on average, some 6% of homes for sale each week had a price drop, down sharply from 7.5% in November, [...]
Q3 Home Equity Gains Slow
Between the second and third quarters of 2022, home prices still went up but at half the pace they had earlier this year. Source: DS News
Metros Where Housing Is Most Attainable for New Buyers
Americans who have never owned a home are returning to the market following a pandemic dip, and Zillow notes 10 cities where they stand the best chance. Source: DS [...]
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