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U.S. households with mortgage debt are carrying an average of $184,417 in this particular debt, according to new data released by NerdWallet
Report: Mortgage Debt Averages $184K Per Household
U.S. households with mortgage debt are carrying an average of $184,417 in this particular debt, according to new data released by NerdWallet.   The newly released NerdWallet 2018 American Household Credit Card Debt Study determined that U.... Read more
Housing affordability opportunities hit during the third quarter that has not been seen since 2008, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index
A Post-Recovery First: Tappable Equity Declines
Total equity on mortgaged residential properties reached $9.8 trillion by the end of October, with $5.9 trillion of this sum being tappable, according to new data from Black Knight Inc.   However, the number of mortgaged homeowners with... Read more
President Trump has nominated former Attorney General William Barr to return to the leadership position at the Department of Justice
Trump Nominates William Barr as Next AG
President Trump has nominated former Attorney General William Barr to return to the leadership position at the Department of Justice.   Barr served as Attorney General for President George H.W. Bush from 1991 to 1993. After leaving the... Read more
Intuvo, a provider of marketing automation software to the credit union industry, has published a free white paper detailing how credit unions can succeed in the mortgage space
Intuvo Offers White Paper on Credit Union Mortgage Lending
Intuvo, a provider of marketing automation software to the credit union industry, has published a free white paper detailing how credit unions can succeed in the mortgage space.   The white paper, titled "The Keys to Credit Union Success... Read more
Wells Fargo has agreed to a settlement with the State of Illinois to resolve charges related to the marketing and sale of its residential mortgage-backed securities (RMBS) prior to the 2008 economic crisis
Wells Fargo Pays $17.25M to Settle Illinois RMBS Charges
Wells Fargo has agreed to a settlement with the State of Illinois to resolve charges related to the marketing and sale of its residential mortgage-backed securities (RMBS) prior to the 2008 economic crisis.   Under terms of the settlement... Read more
Moody’s Investors Service is forecasting a strong level of credit quality and performance of residential mortgage-backed securities (RMBS) in 2019, although the level of strength will be slightly weaker compared to this year
Moody’s: RMBS Credit Quality to Stay Strong in 2019
Moody’s Investors Service is forecasting a strong level of credit quality and performance of residential mortgage-backed securities (RMBS) in 2019, although the level of strength will be slightly weaker compared to this year.   In its 2019... Read more
The National Flood Insurance Program (NFIP) was extended through Dec. 21 as part of Congress’ two-week extension for the federal government’s funding deadline
NFIP Extended to Dec. 21
The National Flood Insurance Program (NFIP) was extended through Dec. 21 as part of Congress’ two-week extension for the federal government’s funding deadline.   The NFIP was set to expire tomorrow at the conclusion of a one-week temporary... Read more
Mortgage rates took a tumble, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac
Mortgage Rates Down, Credit Availability Up
Mortgage rates took a tumble, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 4.75 percent for the week ending Dec. 6, down from last week when it averaged 4.... Read more
The third quarter recorded the smallest quarter-to-quarter decline in negative equity since 2010, according to new data from CoreLogic
Mild Negative Equity Decline During Q3
The third quarter recorded the smallest quarter-to-quarter decline in negative equity since 2010, according to new data from CoreLogic.   The average homeowner gained $12,400 in home equity in the 12-month period between the third quarter... Read more
When it comes to buying and selling real estate owned (REO) properties, Huntsville, Ala., leads the nation for flipping this particular property, according to data from the online real estate marketing platform Hubzu
Home-Flipping Activity Sinks in Q3
Home flipping activity hit a 3.5-year low during the third quarter, according to new statistics from ATTOM Data Solutions.   During the third quarter, a total of 45,901 single-family homes and condos were flipped, down 12 percent from a... Read more