According to the latest VeroFORECAST, this MSA is projected to see 11.7% appreciation for single-family residences and 11% appreciation for condos and townhomes and its market remains one of the strongest markets in the country, with its extremely low 1.4-month supply of homes struggling to fill the demands of its growing population.
According to a Bloomberg report, U.S. regulators secretly stunted the growth of JPMorgan for almost six years, placing growth restrictions on the company for violating banking regs. Plus, would you want to know if the house you’re buying is haunted?
The eyebrow-raising staff shuffle at HUD comes to an end. Plus, read more about affordable housing woes in Charlotte, Ginnie Mae’s major milestone, Amazon HQ2 and more in this week’s Monday Morning Cup of Coffee.
Consumer credit card debt hit a record high of $1 trillion in early 2018, and on the rise, too, is Americans’ struggle to climb their way out. Financial stress is affecting not only relationships, but sleep as well as our day-to-day lives. It seems impossible to escape as people struggle to make payments and fall further into a tailspin of compounding interest.
HousingWire is getting its fair share of oh-so important news being released during this week’s annual meeting of the minds at the MBA annual. Here’s just the good stuff.
The Community Reinvestment Act is important to provide fair access to credit and investment, and many financial institutions agree it’s an important tool in their business strategy. But current guidelines render it ineffective, and it’s time regulators institute much-needed change.
HousingWire and ComplianceEase are teaming up to launch the weekly series in mid-August and will cover topics, such as artificial intelligence, big data and compliance, compliance, compliance. So keep an eye out, we’ll announce each new episode in our email alerts, and thanks for listening!
Over the years, reverse mortgages have suffered reputation issues, battled inaccurate news coverage and adjusted (again and again and again) to new regulations. Yet, the industry persists. Talk to any reverse professional and they’ll tell you why: It’s the demographics, and the numbers don’t lie.
UWM’s CEO Mat Ishbia writes that the mortgage business is so commoditized that it’s easy to focus on price as a difference maker – but if you’re a mortgage broker or correspondent that picks a lender based solely on its cheap rates, it will likely cost you big in the long run. Read more about what matters most: customer satisfaction.
Alright, alright, alright. It’s that time again. Monday is upon us and we’re serving up another round of Monday Morning Cup of Coffee. There’s drama in the single-family rental market after Reuters dropped a bombshell report on the largest single-family home landlord in the nation, Invitation Homes, detailing numerous allegations of neglect and sketchy business practices.