CFPB Looking to Alternative Data to Help Unbanked

Category: National Mortgage News
Published: Thursday, 02 March 2017
"We want to learn more about whether this kind of alternative data could open up greater access to credit for many Americans who are currently stranded outside the mainstream credit system," CFPB Director Richard Cordray said.

Crapo: 'Toxic' Senate Will Take Time to Address Housing Finance Reform

Category: National Mortgage News
Published: Wednesday, 01 March 2017
"I believe that the options are relatively well-defined and the new ideas are going to be helpful," said Senate Banking Committee Chairman Mike Crapo, referring to efforts at GSE reform.

Southern Cities Experience Faster Home Value Growth: Zillow

Category: National Mortgage News
Published: Tuesday, 28 February 2017
Home value appreciation is ramping up in housing markets across the South, led by cities in Tennessee, Florida and Texas. Nationwide, home values are up 7.2% year over year to $195,300, Zillow reported Thursday in its January Home Value Index.

Seriously Underwater Properties Decline by 12% in 2016: Attom

Category: National Mortgage News
Published: Monday, 27 February 2017
Homeowners are reaping the rewards of higher home prices, as the number of seriously underwater properties dropped by 1 million from one year ago, Attom Data Solutions said.