THE CYCLICAL NATURE OF THE MORTGAGE INDUSTRY – MIGHT HISTORY ALREADY BE REPEATING ITSELF?

Remember the old adage, “history repeats itself”? Well that phrase has never been more accurate than when referring to the cyclical nature of the real estate industry and the mortgages that support it. Just think back 11 years to the … Continue reading

“BREXIT” OF CHAMPIONS

“BREXIT” OF CHAMPIONS

After months of divisive rhetoric on Britain’s exit from the European Union (or “Brexit,” as it is known), voters went to the polls on June 23 stunning investors by opting to leave the economic and political partnership of 43 years. … Continue reading

FEED HOLDS ITS BENCHMARK RATE STEADY

FEED HOLDS ITS BENCHMARK RATE STEADY

September marked the start of football season for fans across the country. But investors and economists were focused on another team—the Federal Open Market Committee (FOMC), and whether it would hold its benchmark Federal Funds Rate steady. What Is the … Continue reading

FORECLOSURES FALL TO PRE-HOUSING BUST LEVELS

FORECLOSURES FALL TO PRE-HOUSING BUST LEVELS

The long national foreclosure nightmare is nearing its end, with foreclosure filings hitting their lowest level since before the housing bust. Total foreclosure filings, including notices of default, scheduled auctions and bank repossessions, dropped to 127,790 in June, down 35% … Continue reading

WHAT’S AHEAD IN 2013? NEW YEAR HOME LOAN NEWS

WHAT’S AHEAD IN 2013? NEW YEAR HOME LOAN NEWS

Homeowners and homebuyers have a lot to keep track of as we head into 2013. Here’s a quick overview of the top stories to watch over the next few months. The Fed In their final meeting of 2012, the Fed … Continue reading