Big Banks and FinTech: Do American Consumers Want Both?
Financial technology (FinTech) is steadily gaining traction in today’s technology-driven market, and according to Blumberg Capital's Annual FinTech Survey, over two-thirds of Americans are looking for banks to provide new [...]
Wildfire Impact to Cost Billions in Housing Damages
As California’s raging wildfires continue to move, CoreLogic released a hazard risk analysis discovering the total number of homes at risk for damages, along with the combined reconstruction cost values, [...]
FHFA Data Shows Decrease in Short Sales, Deeds-in-Lieu
The Federal Housing Finance Agency released its Q3 2017 Foreclosure report, which outlined its continued efforts to decrease foreclosures among homeowners. Among the data, short sales and deeds-in-lieu experienced one [...]
Market Update on SFR Activity
Amherst Capital Management released a new paper on Tuesday titled, “U.S. Single-Family Rental—Institutional Activity in 2016/2017,” revealing that institutional ownership of single-family rental (SFR) homes surpassed 200,000 homes in 2016. [...]
Lenders: Top 5 Cities with Fastest Income Growth
The salary a potential homebuyer earns can dictate whether affording a home is in reach, and according to a study released Tuesday by GOBankingRates, location is just as important as [...]
Deloitte Hack: Fannie and Freddie Not Affected
After Deloitte’s September 25 data breach, it was reported that Fannie Mae and Freddie Mac may have been effective, but according to a Tuesday statement, that concern was reported prematurely. [...]
Delinquency Rate Continues at 10-year Low
On Tuesday, CoreLogic released its latest Loan Performance Insights report, representing data from national foreclosure and delinquency activity gathered through July 2017. According to the report, the share of mortgages [...]
Treasury to Streamline Capital Markets
According to a release, the Treasury department has created a list of recommendations to streamline capital markets and address the burdens they are causing. The post Treasury to Streamline Capital [...]
CIT Group Sells Reverse Mortgage Operation
In an effort to simplify its operations and become a regional commercial bank, CIT Group Inc., announced it will be selling Financial Freedom and its reverse mortgage portfolio to an [...]