Sunday, 09 August, 2020

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Tag: Brian Coester News


Despite a recent climb in home ownership by black Americans, new data shows lenders deny black loan applicants at a rate 80% higher than their white peers. Starting in the 1930s, a practice called “redlining” widely denied mortgages in neighborhoods deemed “hazardous,” which were predominantly non-white. Though outlawed in 1968 as part of the Fair Housing Act, homes in formerly Read more…


Total household debt decreased for the first time since 2014 in Q2, including the steepest decline in credit card balances seen in the history of the data. In its Quarterly Report on Household Debt and Credit, The Federal Reserve Bank of New York’s Center for Microeconomic Data showed total household debt decreased by $34 billion (0.2%) to $14.27 trillion in second Read more…


The National Association of Realtors (NAR) recently released results from a survey, which showed America experienced a 5% decrease in annual foreign investment in home sales. According to survey data, foreign buyers invested $74 billion in the direct purchase of existing homes during the year spanning April 2019 through March 2020. This represents a 5% fall from one year ago Read more…


This piece originally appeared in the August edition of DS News, out now. Customer experience is and always will be at the forefront of an institution’s success. With the pandemic, many people are working from home and the way they interact with businesses and services is changing. Now is the time to ensure your customer experience initiatives are adapting to Read more…


Mortgage servicers must improve customer service to promote borrower loyalty and stand out from the competition. According to the Mortgage Bankers’ Association, only 17% of borrowers plan to return to their same mortgage servicer for another loan. Additionally, J.D. Power’s 2019 U.S. Primary Mortgage Servicer Satisfaction Study, stated mortgage servicers were at the bottom of the industries studied with a Read more…


Zillow recently released a report highlighting the problems that the expiration of government aid is incurring. According to the real estate experts, dark days are ahead when it comes to renters being able to pay their housing. This could have potential implications not just for those directly impacted, but for owner-investors and the larger housing industry that relies on some Read more…


This interview originally appeared in the August edition of DS News. Doug Duncan, SVP and Chief Economist, Fannie Mae, is responsible for forecasting and analysis of the economy and the housing and mortgage markets. He also oversees strategic research regarding the potential impact of external factors on the housing and mortgage markets. Duncan leads the House Price Forecast Working Group Read more…


Brookstone Management, a national provider of mortgage field services, announced that JK Huey has joined its Advisory Board and will be serving with the title of Corporate Ambassador. A veteran of the mortgage industry, Huey brings over 35 years’ experience to the role, having held senior management positions at Wells Fargo, IndyMac Bank, and HomeSide Lending. During this time, Huey Read more…


Editor’s note: This piece originally appeared in the August 2020 edition of DS News, out now. With more than 22 million Americans currently out of a job, industry veterans are having flashbacks of the financial collapse of 2008. Born in the midst of economic fallout, the single-family rental (SFR) industry founded a new investment sector, which helped provide housing to Read more…


Editor’s note: This piece originally appeared in the August 2020 edition of DS News, now available. With home prices staying steady and housing supply remaining short, the single-family home rental market has persevered despite the COVID-19 pandemic and is expected to remain on solid footing into 2021, according to those involved in the industry. Single-family home rentals are popular for Read more…


Editor’s note: This piece originally appeared in the August 2020 edition of DS News, now available. With home prices staying steady and housing supply remaining short, the single-family home rental market has persevered despite the COVID-19 pandemic and is expected to remain on solid footing into 2021, according to those involved in the industry. Single-family home rentals are popular for Read more…


As Congress continued to remain at loggerheads when it comes to agreeing on the next COVID-19 relief bill, struggling homeowners in Florida received further reprieve as Gov. Ron DeSantis extended his executive order instituting a moratorium on evictions and foreclosures until September 1. The announcement came two days before the previous moratorium was set to expire. With many landlords set Read more…


As Congress continued to remain at loggerheads when it comes to agreeing on the next COVID-19 relief bill, struggling homeowners in Florida received further reprieve as Gov. Ron DeSantis extended his executive order instituting a moratorium on evictions and foreclosures until September 1. The announcement came two days before the previous moratorium was set to expire. With many landlords set Read more…


Earlier this month, HUD released Mortgagee Letter 2020-21, which provided long-awaited updates and clarifications related to the Claims Without Conveyance of Title program. Next Tuesday, August 4, the DS News webinar series brings you a complimentary webinar, presented by Auction.com and featuring insights from industry experts who will guide you through the changes, what they mean, and why they’re important. Read more…


The Consumer Financial Protection Bureau has received a record number of consumer complaints during the COVID-19 pandemic, according to Director Kathleen Kraninger. During a House Financial Services Committee hearing Thursday, she reported that the Bureau has fielded more than 14,000 complaints over the past few months that were specifically related to the coronavirus. During the hearing, Director Kraninger received a Read more…