by Jim Crowder | Aug 21, 2015 | HOUSING MARKET
The mortgage industry has been moving towards e-closings for quite a while now (as this blog has covered before), and there are great hopes that this will streamline and simplify the process. However, before we get all the way there, things may take a step backwards....
by Jim Crowder | Aug 20, 2015 | HOUSING MARKET
As this blog reported a few days ago, mortgage application rates were relatively flat in total, but underlying that data were some big swings that didn’t show up in the average. These changes are particularly surprising given the rate of home building starts and...
by Jim Crowder | Aug 19, 2015 | HOUSING MARKET
There’s a curiosity happening in the current mortgage market. More people are buying more homes, and they’re buying them at higher prices. However, the total amount of outstanding mortgage debt amongst U.S. homeowners is actually flat, or even marginally...
by Jim Crowder | Aug 18, 2015 | HOUSING MARKET
Jeffrey Dorfman, a contributor to Forbes magazine, published an opinion piece yesterday afternoon title, “The Sneaky Path We Took To A Socialist Mortgage Market”. His essential premise is that when the Fannie and Freddie bailout occurred under the Bush...
by Jim Crowder | Aug 17, 2015 | HOUSING MARKET
Despite their reputation as a generation of renters, the truth of the matter is that many Millennials are buying homes. And they’re not just buying, they’re buying smarter than a lot of people did in the past. To be sure, they seem to be taking longer than...
