Tag: housing
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Women, Invest in Each Other
The MBA’s Independent Mortgage Bankers Conference is currently taking place from January 23rd-26th in Palm Springs, CA. Yesterday, NAWRB was personally represented at the event by our CEO and President, Desirée Patno, who enjoyed seeing the work the MBA’s mPower network is conducting on behalf of women. As a leader in the women’s diversity and…
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California’s Troubled Housing Market
The housing market, with rising home prices and low mortgage rates, has created happy homebuyers; but these rates are increasing, home values are pricing Americans out of entire cities and low inventory means people rarely buy their most desired home.
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Housing Confidence to Continue to Spur Remodels
Homeowners plan to continue taking on remodeling projects and renovations, demonstrating a clear vote of confidence in the housing market.
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7 Financial Tips to Help Prepare for a Natural Disaster
In recognition of National Preparedness Month, it is crucial to prepare yourself and your home for the unexpected. The Independent Community Bankers of America® (ICBA) is reminding Americans about the importance of getting their financial affairs in order and offer tips to help them prepare before a natural disaster strikes. “Having access to pertinent documents…
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What is the Future of U.S. Housing?
It is no secret that foreign buying activity in American real estate has been vigorous in recent years, with billions of foreign dollars rushing into the market. The diversification and protection of wealth is a major factor in these purchases, driven by calculated investment decisions and often coerced by unpredictable economies overseas. The National Association…
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What To Do about the Turbulent Housing Market?
Homeownership rates are down, renters are increasing and home inventory is on the decline, this and more troubling truths for the American rental market are revealed in Harvard University’s Joint Center for Housing Studies State of the Nation’s Housing report.
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The Buying Power of Asian Americans
The housing market has been turbulent for the past decade, but 2016 has started with a positive trend. According to the Nationwide Economics’ Health of Housing Markets (HoHM) Report, the Leading Index of Healthy Housing Markets (LIHHM) for the third quarter of 2015 was higher than 100, their neutral number, and this typically designates a healthy…
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House Flipping in the United States
Indicative of a competitive housing market with stable demand, house flipping is a practice with a lasting effect throughout the country. According to Business Insider (BI), despite comprising a steady amount of all home sales, the current national flip rate of 5 percent is comparable to non-housing bubble years and significantly lower than the 8.6…
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First Tennessee Bank Reaches Second Lending Settlement
In June 2015, First Tennessee Bank reached a $212.5 million settlement for knowingly underwriting and originating mortgage loans not complying with Federal Housing Administration (FHA) lending requirements. First Tennessee Bank recognized that from January 2006 to October 2008 it originated and underwrote mortgage loans insured by the FHA which did not satisfy the Department of…
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The Future of our Communities Lies in our Mothers’ Hands
The number of women rearing children by themselves in America has nearly tripled in the last 45 years, reaching a current estimate of 10 million single mothers in this country. The U.S. Census Bureau reports more than 1 in 4 families with children under the age of 18 are headed by a single parent and…