Although the housing economy posted strong results, with the purchase of new homes rising and foreclosure completions continuing to drop, officials still caution that the economy is still healing from the Great Recession.
Despite their different methodologies, the seven major house price indices tell fairly consistent stories nationally over the long horizon. Even over shorter-term horizons (year-over-year and quarter-over-quarter),...
“Nearly every part of the real estate process has been transformed by technology except for home financing. Getting a mortgage is still manual, frustrating and confusing,” said Nick Stamos, CEO and founder of Sindeo..
Legacy insurers are headed toward solid ground, with some experiencing their first full year of profitability since the housing crash. New entrants, meanwhile, are raising capital, entering the fray and gaining market share. Read More
First, I’m not suggesting totally yanking FICO or Vantage Scores or anything like that. What I am recommending is the adoption of other models that would equally, or even more effectively, determine who can repay a loan. Read More