Items Tagged with 'Mortgage'

ARTICLES

Ellie Mae: Closing time on a mortgage keeps getting faster

Drops for third consecutive month
Time to close slipped for the third consecutive month, continuing to drop as the housing market moves away from refinance and toward purchase originations. Ellie Mae’s CEO credits the efficiencies companies are realizing as they embrace technology to improve the home-buying experience.
Read More

MGIC: Should borrowers wait to save 20% down or buy now?

Here’s the math to find out
Down payments are commonly cited as one of the most misunderstood parts of the home-buying process, as potential homebuyers hold off shopping until they can put 20% down on a home. A new calculator from MGIC helps solve this problem. Home shoppers can use the calculator to see if they should buy now or wait.
Read More

Ballard Spahr: Here are some questions for the House to ask CFPB Director Cordray

Expands on previous unanswered questions
Consumer Financial Protection Bureau Director Richard Cordray hasn’t gone on record a lot in regards to his stance on the future of the bureau, along with his own future, despite the escalating uncertainty of both. Since the House Financial Services Committee will hold its semiannual hearing on the CFPB on April 5, Ballard Spahr came up with a list of questions that it thinks would be appropriate for committee members to ask Cordray.
Read More

Household debt to hit new record in 2017

All categories of debt increased in Q4
Household debt is set to hit an all-new high in 2017 after showing the largest increase in over a decade. Mortgages made up the majority of household debt in 2016, however student debt is also on the rise.
Read More

Former CFPB attorney pretty much just confirmed the worst fears of the mortgage industry

We may be right, after all
In "The Tragic Downfall of the Consumer Financial Protection Bureau," Ronald Rubin, a former enforcement attorney at the Consumer Financial Protection Bureau and former chief advisor on regulatory policy at the House Financial Services Committee, highlights what he calls the heavy politicization of the CFPB. In doing so, Rubin also just confirmed the worst fears of the mortgage industry.
Read More