Seattle Reigns as Most Affordable Tech Hub
According to a recent analysis of West Coast software havens, Seattle is the clear-cut winner in terms of housing affordability, With more affordable condos and detached homes, it far outweighs [...]
Fannie Mae Sees Decreases in Monthly Summary
Fannie Mae recently released its Monthly Summary for February 2017. Fannie Mae’s gross mortgage portfolio decreased for at a compound annualized rate of 16.9 percent for the month, while the [...]
CFPB Head Discusses Dodd-Frank
In his speech at the Chamber of Commerce 11th Annual Capital Markets Summit, CFPB Director Richard Cordray touched on Dodd-Frank, the Bureau’s role in the financial marketplace, and its efforts [...]
The Nation’s Hottest Markets
The majority of the fastest moving market areas can be found in California. The No. 1 hottest market for both March and February was Vallejo-Fairfield, California; followed by San Francisco-Oakland-Hayward, [...]
Gauging the American Dream
Upticks in construction have boosted the economy in some states. States such as Tennessee and Colorado rank highly on Forbes' American Dream Index due to high amounts of building permits, [...]
Homebuyers Hindered by Affordability
The national affordability index noted that consumers would need to spend 33.6 percent of wages to buy a median-priced home nationally. Though this is below the historic average of 34.6 [...]
James B. Lockhart III Elected to Sun Bancorp Boards
On Tuesday, Sun Bancorp, Inc, the holding company of Sun National Bank, announced that the board of directors has elected James B. Lockhart III as a Director. Lockhart Vice Chairman [...]
Fannie Mae Clarifies Clear Boarding Policies
The GSE no longer allows plywood to be used on homes in preforeclosure, however, this rule does not apply to Fannie Mae’s REO properties. As of March 29, servicers have [...]
Freddie Mac Predicts Drop in Sales Over 2016
According to a recent outlook report from Freddie Mac, total U.S. home sales will come in slightly under 2016’s numbers. This is due to a drop in refinancing activity, rising [...]