In the Know

Bill introduced to eliminate FHA life of loan insurance premium
Posted Friday October 27, 2017 in Industry News

Could the Federal Housing Administration’s life of loan insurance requirement soon be a thing of the past? Cutting the life of loan policy, which requires most FHA borrowers to maintain mortgage insurance throughout their entire loan term, is a change that many in the housing business have wanted for years, and now, eliminating that policy… Read more »

Bitcoin is finally buying into US real estate
Posted Wednesday October 18, 2017 in Industry News

Bitcoin is already in retail and restaurants — so it was only a matter of time before the cryptocurrency took on real estate. That time is now. Bitcoin is slowly making its way into closings on everything from Lake Tahoe land in California to Manhattan condos to single-family homes in the heart of Texas. “Our… Read more »

Fed minutes reveal low inflation numbers could be long-term, but rate hike still likely
Posted Saturday October 14, 2017 in Industry News

Newly released minutes from the Fed’s September meeting show several members of the Federal Open Markets Committee voiced their concern over persistently low inflation rates during the meeting. But despite this concern over inflation, many Fed members are still anticipating voting for a rate hike in December. But this inconsistency is confusing at best, and… Read more »

New Data Identifies the Average Millennial Mortgage Borrower
Posted Friday October 6, 2017 in Industry News

It’s pretty clear that millennials are becoming the largest group of homebuyers on the market. And though no two millennials are identical or have the same financial situation, it’s a good idea to understand the millennial homebuyer. And now, we have the data to do just that. So what does the average millennial homebuyer look… Read more »

Efficiency and User Experience in the Lending Process
Posted Monday September 25, 2017 in Industry News, Recruitment

Every person working in the mortgage industry and every mortgage consumer has at some point thought, “I wish this process were faster.” If the closing process were sped up, everyone would benefit. But there have been lots of obstacles like compliance and antiquated technology that slow things down.  And a confusing interface that makes borrowers… Read more »

Student Debt Undermining Millennial Homeownership
Posted Sunday September 24, 2017 in Industry News

A new study is providing more evidence that student debt is disrupting the lifecycle of the housing market. The survey, conducted jointly by the National Association of Realtors (NAR) and the non-profit American Student Assistance (ASA), found that an overwhelming majority of millennials with student debt currently do not own a home. And it isn’t… Read more »