[Expert commentary] Outside the furor, the long-term impact of the tax plan is much grayer and has little impact on most Americans. The mortgage interest rate deduction benefits too few people in too few areas, and a broad-based decrease in taxes will ultimately benefit the housing market.
The Trump administration recently signed an executive order to scale back the massive Dodd-Frank law. Many advocates are concerned its repeal could lead to another recession. However, it's important to understand that the executive order does not repeal the act. Here's what the executive order does mean for the housing market.
[Expert commentary] After the initial shock, markets closed at new highs two days following the election of President-elect Donald Trump. It’s safe to say that the stock market will continue along its recent bumpy path. Here's how the real estate and housing markets are likely to move to forward.
The roadmap for how Brexit will occur from a logistical perspective should become clearer over the next few months. Steve Hovland, director of research at HomeUnion, weighs in on the initial shock of Brexit and what the industry can expect for the future. Here's a hint, it's not all bad.
Eight years after we began recognizing women for their influential work in the expanding housing and mortgage finance ecosystem, a traditionally male-dominated field, our Women of Influence list is bigger and better than ever! This year, we honor 85 women who are making lasting achievements in each sector of the housing economy. Read on to learn more about these accomplished women and the strides they are making in their industry segments.
The financial world at large is experimenting with changing its workforce culture in ways not fathomable 10 years ago. For example, in 2011, the dress code for female workers at UBS came to light with unflattering results. In it, the Swiss bank instructed female employees on not just how to dress and how to smell, but also preached the importance for ladies to apply lotion after taking showers. Fast forward to today and fellow Swiss bank, Credit Suisse has now created an official role to boost equal opportunities and create a fair treatment environment. Has the American mortgage industry made similar progress?
The conversation around student loan debt and its economic impact on Millennials, those born from 1980 to 1998, has some questioning whether the future of the American Dream is in jeopardy. The nation’s student loan debt has soared to $1.4 trillion, surpassing credit cards in becoming the largest source of personal debt outside a mortgage.