[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.
He wears t-shirts to his televised interviews; not very CEO. He played sports at a high level, but rarely brings it up and when he does he talks about it as a mere chapter in his life. Honestly, who plays a Super Bowl and doesn’t describe it as the defining moment in their personal journey? Casey Crawford, that’s who. His family is a big part of his life of course, but he talks about his even larger family — his coworkers — in terms that are just as glowing.
One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.
Digital technology has disrupted businesses and industries from publishing to public transportation, so can the mortgage industry be far behind? Actually, anyone who’s applied for a mortgage recently will have recognized that things are already changing fast.