Articles by Brena Swanson

Appraisal volume dented by low inventory, tight credit

Four-week moving average increases
Appraisal volume continued to inch higher for the week of April 24, but at a slower pace from the previous week, the latest appraisal volume numbers from a la mode reported. As it stands, appraisal volume continues to be impacted by a tight spring housing market.
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Freddie Mac reports $354M net loss in first quarter

But no draw needed from U.S. Treasury
Freddie Mac reported a $354 million net loss in the first quarter, significantly down from its $2.2 billion net income recorded in the fourth quarter of 2015. The news is a reminder of the GSE's net loss in the third quarter of 2015, which marked the first loss in four years. But despite the news, Freddie CEO Donald Layton remains positive on the results.
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Texas housing inventory officially hits all-time low

Supply problems in every major metro
The problem just got worse for folks looking to buy in the Lone Star State. If they weren't already struggling enough with today’s tight market, housing inventory now sits at an all-time low. According to the Texas Association of Realtors, this could become a larger problem if something doesn't change.
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The digital mortgage revolution is happening now. Are you ready?

The new normal for mortgages
How fast is the digital mortgage revolution happening? Before I could even finish a feature piece for HousingWire’s magazine on digital innovation, get it edited, published and put on the website, let alone delivered in the mail, Wells Fargo rolled out an entirely new, more simplified and streamlined mortgage app for cell phones. Today’s digital pace of change is faster than fast. Are you moving with it?
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From HW Magazine

Digital disruption: How consumer demand is pushing lenders to a new normal

Do legacy lenders or tech startups have the advantage?
Saddled with legacy systems and burdened with changing regulations, the mortgage industry has been slow to adopt digitization compared to many other industries. Now, however, the industry must provide more transparency to regulators and satisfy consumers while managing tighter margins. In this perfect storm, there’s only one lifeboat — a digital process.
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Capital Economics: GDP growth likely to underwhelm in 2016

GDP rises 0.5% in 1Q
While some of the headwinds that restricted first-quarter GDP growth will disappear in the second half of the year, it would still take a lot to salvage GDP for the year. And as the Bureau of Economic Analysis cautions, the first-quarter advance estimate is based on data that is incomplete or subject to further revision.
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Ellie Mae reports record 1Q revenue

Beats revenue and EPS expectations
Ellie Mae's first-quarter earnings results are in, and it looks good for the company. Not only did it beat revenue and EPS expectations, but it posted record revenue of $73.6 million.
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