Brena Swanson

Brena Swanson

Brena Swanson is the Digital Reporter for HousingWire.com, providing expert coverage on Millennials, lending and housing. Brena joined the HousingWire news team in February 2013, also serving in the roles of Reporter and Content Specialist. Brena graduated from Evangel University in Springfield, Missouri. Follow Brena on twitter at @BrenaSwanson.

ARTICLES

OCC: Charts prove borrowers keep getting better at paying their mortgage

Four charts break down servicing at the top seven banks
Keeping up with the rest of the year, the Office of the Comptroller of the Currency’s latest quarterly report on mortgages showed that borrowers are getting better at paying their mortgage loans. The report falls in line with previous reports that showed the overall performance of mortgages improving from the previous year.
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CFPB proposes amendments to Equal Credit Opportunity Act

Gives new flexibility on collecting ethnicity and race information to align with HMDA
The Consumer Financial Protection Bureau announced it is reassessing the Equal Credit Opportunity Act in order to provide lenders with additional flexibility when collecting consumer ethnicity and race information. The new proposal looks to clarify, through rulemaking, the parts of Regulation B that seem to conflict with Regulation C requirements on collecting this information.
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CFPB preps to review major mortgage rules

Falls under Dodd-Frank requirement
January 2018 marks five years since the Consumer Financial Protection Bureau finalized the qualified mortgage rule. The five-year anniversary means more than a landmark date of a major regulation though, as it also means the bureau is required to reassess its major mortgage rules. Will the CFPB use this process to change the mortgage market again?
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These 4 charts break down the details behind Millennials living at home

Plus the who, what, where, why, and how
Student debt, housing affordability and income are commonly tossed out as the culprits behind Millennials needing to move back in with their parents. The details, however, are a little more complicated than that. These four charts break down what Millennials living at home looks like (and we're not talking about their bedrooms).
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Despite drop in pending home sales, California Realtors positive on spring buying season

Affordability and inventory shortages still major concern
Housing inventory shortages and affordability concerns dampened California’s strong start to the new year. But regardless of the dip, California Realtors are still positive about the upcoming spring home-buying season and expect improved market conditions in the near term.
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Millennials would really prefer to live in these 10 cities

List ranges from affordable to expensive
Younger home shoppers are set to become the No. 1 homebuying cohort throughout the coming years, but they’re not opting to buy a home just anywhere. Realtor.com took advantage of its website user data to create a list of the top 10 markets where Millennials are looking for a home. While a chunk of the cities on the list are affordable, it’s not true for all of them.
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MBA: Mortgage applications reverse course, fall

30-year fixed-rate mortgage stays frozen
Mortgage applications reversed course and dipped slightly from the previous week due to a drop in both purchase and refinance applications. Meanwhile, the 30-year fixed-rate mortgage with a conforming loan balance managed to stay the same.
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Tensions escalate at House hearing on constitutionality of the CFPB

This just brings more harm than good
Well, this is awkward. Four witnesses on the constitutionality of the Consumer Financial Protection Bureau sat before a House subcommittee on Tuesday morning, lending their expert knowledge to help sort through the current state of confusion around the bureau. The only problem is that they could barely get a word in edgewise. House Republicans profusely thanked them for coming as House Democrats condemned the hearing entirely.
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