Establishing Credit History Harder in Low-income Areas
A new study shows that consumers located in lower-income areas are more likely to establish credit history through negative means, like debt collection, than those in higher-income areas. While 27 [...]
DIMONT Promotes Tom Stover to CSO
Tom Stover has recently been promoted to CSO at DIMONT, a provider of specialty insurance and loan administration services to the residential and commercial mortgage industries. Denis Brosnan, President and [...]
Young People Buying Homes Earlier but for Similar Reasons
According to the second quarter Real Estate Sentiment Index, which polls industry professionals across the country to gain their unique insight about the future of the housing market, young people [...]
Patenaude Has Nomination Hearing, Rumors of Otting’s Nomination Confirmed
Monday Pamela Patenaude appeared before the Senate Committee on Banking, Housing, and Urban Affairs for her nomination hearing for Deputy Secretary of the Department of Housing and Urban Development. Patenaude [...]
GSEs: Where Should the Money Go?
For four months, the Department of the Treasury, GSEs, and Federal Housing Finance Agency have been in disagreement with Fannie and Freddie investors on where profits should be directed. Though [...]
Gen X Anxious and Fearful for Financial Future
Generation X, aged 28-52, have a worse financial outlook than any other group. Having lost nearly half their wealth after the housing market collapse, over a third of Gen-Xers believe [...]
Industry Group Appoints REO Leadership
The Federation of REO Certified Experts—or FORCE, for short—has appointed new leaders to its Advisory Council. Among those named were Hugh Morrow of RE/MAX Preferred in Birmingham, Alabama; Tara Nagelhout [...]
First-time Foreclosure Starts Hit All-time Low
According to new data, both overall foreclosure starts and first-time foreclosure starts recently hit record lows, with first-time starts hitting their lowest point on record at just 24,200. Foreclosure pre-sale [...]
The Week Ahead: Reform to Dodd-Frank
The House will vote on the Financial CHOICE Act, a Dodd-Frank “off-ramp”, this coming Wednesday. Republicans proposed this reform to the financial system in mid-April to free the U.S. from [...]