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In a half-day format, technology companies will demo their platforms and answer questions. You can tune in for the whole demo day, or strategically drop in on sessions to learn about specific solutions.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

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Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.

Mortgage

Household debt to hit new record in 2017

All categories of debt increased in Q4

Total household debt increased significantly in the fourth quarter of 2016, a Federal Bank of New York report showed, according to an article by Ed Adamcyzk for UPI.

Household debt climbed to $12.58 trillion by the end of 2016, nearly breaking 2008’s record high, the article stated. In fact, if it continues at this rate, household debt could break the high of $12.68 trillion sometime in 2017.

From the article:

February's 33-page "Quarterly Report of Household Debt and Credit" shows that every category of debt measured — including mortgages, credit cards, student loans and auto loans — saw an increase. The total increase of $460 billion in 2016 was the largest in a decade. Mortgage balances, now at $8.48 trillion, made up 67% of the household debt.

Although mortgages make up most of the total household debt, student loans now make up 10% of the total, auto loans make up 9% and credit cards make up 6%. This rising debt shows that banks are opening the credit box, and extending more credit to households.

In fact, the most recent Origination Insight Report from Ellie Mae shows the average FICO score for homebuyers dropped in December by seven points.

However there is one major difference between the 2016 and 2008 levels – fewer delinquencies. Last year’s report showed 4.8% of debts were delinquent or late, compared to 8.5% of total household debt in 2008.

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3d rendering of a row of luxury townhouses along a street

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