Remembering FDIC’s First Chief Economist
Following a four-year battle with brain cancer, Dr. Richard Alan Brown, 58, died November 8. The Ashburn, Virginia, resident served as the first Chief Economist at the Federal Deposit Insurance [...]
The Road to Mortgage Industry Innovation
Editor's note: This story originally appeared in the November edition of DSNews, out now. The COVID-19 pandemic will likely be a cross-roads and accelerator to the long-term future for many industries. In the last few years, we [...]
Real Estate Investment Loans Pose Higher Fraud Risk
Mortgage application fraud risk was up on a quarterly basis while a suburban New York market emerged as the nation’s leading market for mortgage fraud risk, according to new data [...]
Opportunity Zone Analysis Reveals ‘Dueling Trends’
The housing market is booming, even amid recent economic upheaval related to the COVID-19 crisis, but that holds less true in Opportunity Zones nationwide, according to a study by ATTOM [...]
Americans Unhappy with Local Government’s Pandemic Response Consider Moving
A recent Redfin report reveals findings from the real estate experts’ survey covering Americans’ feelings regarding how their local governments handled the pandemic. The survey was given to more than [...]
FHFA Approves Forbearance-Program Extension
To support homeowners and mortgage lenders, the Federal Housing Finance Agency (FHFA) announced in a press release Thursday an extension of a temporary policy that allows for the purchase of [...]
Anticipating 2021’s Ups and Downs
This story originally appeared in the November edition of DS News. With more than 30 years’ mortgage industry experience, William J. Tessar joined CIVIC Financial Services in March 2017. He previously [...]
30-Day-Delinquencies at Lowest Rate Since 1979
A survey published Tuesday by the Mortgage Bankers Association (MBA) showed that among mortgage loans on one-to-four-unit residential properties, delinquencies decreased to a seasonally adjusted rate of 7.65% of all [...]
The ‘Unclear’ Future of the Community Reinvestment Act
A primary goal of 1977's Community Reinvestment Act (CRA) was to reverse the effects of redlining, a practice by which the federal government and banks actively avoided lending to borrowers [...]