Aren't things supposed to be slow in December?
Not if you want to buy a house, apparently. Or at least thinking about it...
Zillow's abundant web pages of homes for sale clearly showed that home prices were on the naughty list last year. But getting the word out apparently landed Zillow on the "nice" list somewhere.
I've been thinking a lot about liquidity lately.
Not just because it's the holidays and, as anyone with a house full of Christian (or agnostic, or atheist) children knows, cash flows out to retailers like floodwaters rushing a city built too close to the Mississippi delta, but also because I've been reading a fair amount of mortgage news of late.
One by one, they filed into the city council chambers. They took their seats and waited their turn, and once there weren’t any seats left, they moved to the seldom-used overflow seating. When the overflow seating filled, they moved to the civic center so they could watch the meeting on a closed-circuit feed..
It’s a new world, and in this new world, data is more crucial than ever. Getting the best data possible, and then being able to interpret that data to improve performance, will be a competitive edge that no company in the mortgage finance space can do without in the current environment of volume contraction. Read More
Only seven or eight years ago, mortgage fraud was one of the top stories in the industry. It was quite common to see stories estimating losses in the millions, with some experts suggesting that these numbers were only the tip of the iceberg. Lenders and their partners scrambled to strengthen their fraud-prevention strategies. Read More