Consumers Slowly Getting Savvier About Finances
A new study by Equifax finds that Americans are not as financially literate as they want to be, but they are increasingly interested in changing that fact. Survey takers overwhelming [...]
Foreclosures, Delinquencies Drop Year-Over-Year
CoreLogic released its monthly Loan Performance Insights Report for January 2017, which analyzes rates of delinquency and foreclosure. In January 2017, 5.3 percent of mortgages were delinquent by 30 days [...]
Wells Fargo Reclaims $75 Million from Execs
Following an independent investigation of its sales practices, Wells Fargo has reclaimed $75 million from its former CEO, John Stumpf, and Head of Community Banking, Carrie Tolstedt. This brings the [...]
Mother Lode Holding Company Expands in Texas
Mother Lode Holding Company (MLHC) announced the expansion expansion of its Texas operation. For the first time, MLHC will be opening Texas National Title branches, the Mother Lode Texas branch [...]
Optimal Blue Unveils API Initiative
At the MBA Tech Conference, Optimal Blue unveiled its new Application Programming Interface (API) initiative. The first deliverables available through Optimal Blue’s new API platform allow secure access to pricing [...]
The Uber Effect
Technology is changing everything. Economically speaking, technology has created the “sharing economy.” This new economic principle has evolved and grown exponentially over the past several years, primarily the result of [...]
Court Finds No Pro-Bank Bias From Judge in Foreclosure Case
In March, a homeowner sued Bank of America and several other mortgage companies for allegedly attempting to illegally foreclose on his property, and went on to claim that the assigned [...]
The Week Ahead: What Will We See in the Federal Budget?
This week, the U.S. Treasury will release its Federal Budget Statement. Each month, the Bureau of Fiscal Service releases a report of the monthly receipts/outlays and deficits/surplus of the United [...]
Most Improved Markets in Portland and Charlotte
Mark Fleming, Chief Economist at First American, recently weighed in on the National Housing Market Index released by AEI and First American. According to the NHMI, the most improved ones [...]