Trends

The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices
The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices.   During July, Redfin determined a 6.8 percent year-over-year spike in home prices, with the national median sale price... Keep Reading....
Homeowners and appraisers continue to agree to disagree over property valuations, according to new data from Quicken Loans
Homeowners and appraisers continue to agree to disagree over property valuations, according to new data from Quicken Loans.   In July, the average spread between a homeowner’s estimate and the appraised value of the property was 1.55 percent, down from 1.70 percent in June. Also in July, reported... more
When it comes to homebuying, Millennials favor downpayments of three percent or less, according to a new survey released by NAMB—The Association of Mortgage Professionals
When it comes to homebuying, Millennials favor downpayments of three percent or less, according to a new survey released by NAMB—The Association of Mortgage Professionals.   However, NAMB’s survey of its membership determined that Millennial borrowers accounted for 25 percent or less of the... more
Mortgage services employed by banks are in greater risk of losing their jobs than their non-bank counterparts, according to the latest quarterly U.S. RMBS Servicer Handbook issued by Fitch Ratings
Acting Comptroller of the Currency Keith A. Noreika has called the Federal Deposit Insurance Corp. (FDIC) to task for failing to provide deposit insurance to 14 de novo banks.   According to a Bloomberg report, the Office of the Comptroller of the Currency is tasked with approving bank charters,... more
Black Knight Financial Services has unveiled its new Index Suite that adds three new indices to the company’s existing Home Price Index (HPI)
Black Knight Financial Services has unveiled its new Index Suite that adds three new indices to the company’s existing Home Price Index (HPI).   According to the company, the new Mortgage Market Index Series will track changes in portfolio risk profiles via proprietary Mortgage Origination and... more