Next year is less than two months away, and the holidays are likely to fly by. Giving his predictions for next year, Joe Melendez, CEO of ValueInsured, forecasts that 2017 could be a wild ride. "One thing I do feel certain about is that those who are most adaptive to change and innovation – those wanting to move beyond points, rates and the typical upgrade offers – will succeed in 2017."
[EXPERT COMMENTARY] With vacations over and the holidays coming fast, home buying is beginning to slow down. So, given all of the predictions for 2016, let’s review the better part of the 2016 home-buying season and see what we’ve learned, with an eye toward 2017.
Given the recent history of the housing market and Americans’ increasing need to stay mobile, it is understandable that it can be nerve-wracking to invest your hard-earned money in a home. However, unlike years past, all key economic indicators are ripe and there are two major changes to the mortgage process that help make 2016 a good year to buy a home.
[Subscribers only] Multigenerational living, where two or more adult generations live under the same roof, is becoming a growing trend in the U.S. Currently about 19% of Americans now live in a multigenerational household, the highest level since 1950. That amounts to about 60.6 million adults in 2014, up from 57 million adults in 2012. And homebuilders have taken notice, designing houses specifically catered to this segment.
Would-be homeowners are inundated with picture-perfect examples of new and remodeled homes brimming with upgrades. But in the real world, homebuilders and investors must calculate the rate of return on these sometimes fleeting trends, weighing what buyers want with what they can actually afford. This feature looks at which features buyers of different age demographics consider the most important, and what that means for sellers.
We’ve found that the handling and posting of payments during bankruptcy has been a widespread issue in our testing environment. Specifically, there is increased risk exposure in pre-and post-petition payment application and treatment, both inside and outside of the bankruptcy plan. Servicers and sub-servicers have created manual workflow workarounds to address the issue, however, it does open the servicer up to more exposure to calculation errors.