• Ocwen2.26-0.03 -1.31%
  • Zillow38.62+1.03 +2.74%
  • Trulia47+0 +0%
  • NationStar16.17-0.08 -0.49%
  • CoreLogic42.68+0.72 +1.72%
  • RE/MAX59.95+0.60 +1.01%
  • Fannie Mae2.95+0.11 +3.87%
  • Freddie Mac2.77+0.09 +3.17%
  • Wells Fargo54.54-0.02 -0.04%
  • CitiMortgage60.10-0.11 -0.18%
  • Bank of America23.89-0.09 -0.38%
  • Lennar50.97+0.27 +0.53%
  • Fidelity National Financial40.90+0.40 +0.99%
  • D.R. Horton32.99+0.34 +1.04%
  • PulteGroup22.70+0.50 +2.25%
  • First American40.77+0.30 +0.74%
  • BKFS41.50+0.95 +2.34%
  • AUDUSD=X0.7471-0.0062 -0.8270%
  • USDJPY=X111.0710+0.0110 +0.0099%
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Home >> Author Archives: Seth Welborn

Author Archives: Seth Welborn

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Mnuchin Supports Financial CHOICE Act

Mnuchin Supports Financial CHOICE Act

Following Wednesday’s Financial Services Committee hearing on the Financial CHOICE Act, Secretary of the Treasury Steven Mnuchin released a statement on Thursday supporting the act. Financial Services Committee Chairman Jeb Hensarling (R-Texas) had introduced the Financial CHOICE Act on Wednesday as an alternative to the Dodd-Frank act. Financial CHOICE aims to end taxpayer-funded bailouts of big banks, impose tougher penalties for financial fraud and insider trading, and demand greater accountability from regulators.

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Discussing Diversity in the Mortgage Industry

Discussing Diversity in the Mortgage Industry

On May 11, the second annual Five Star Diversity Symposium will be held in Dallas, Texas. The Diversity Symposium is a day-long event focused on advancing the conversation on diversity within the mortgage industry, and will feature keynote addresses from diversity leaders as well as roundtable discussions and panels.

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Tax Cuts to Affect Banks

Tax Cuts to Affect Banks

Treasury Secretary Steven Mnuchin released the president's tax reform plan which could have a significant impact on the mortgage industry and the financial industry as a whole. Calling the tax cuts in President Trump’s reform “The biggest tax cut and largest tax reform in history of this country,” the reform would reduce corporate taxes down to 15 percent, cut the top tax bracket down to 35 percent, and double the standard deduction.

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Jeff Bells Appointed as LoanCare CIO

Jeff Bells Appointed as LoanCare CIO

Bell will be responsible for planning, organizing, optimizing and managing staff and overall operations of LoanCare’s IT department. He will provide strategic leadership to ensure operational services to the business are being supported in a timely and cost effective manner, as well as developing objectives and short and long term goals for the department.

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New Home Sales Up as Prices Rise

New Home Sales Up as Prices Rise

According to data released on Tuesday by the Department of Housing and Urban Development (HUD) and the Census Bureau, new home sales grew by 5.8 percent month-over-month in March, and 15.6 percent year-over-year. The median home price rose to $315,000, while the average home price grew to $388,200.

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Trump’s Impact on Banks

Trump’s Impact on Banks

Approaching President Trump's 100th day in office, we took a look at how his administration has impacted the financial sector. From lending rates to bank stock prices, see in what directions the needle has moved in reaction to policy changes made by the president. We’ll also take a look at what impact Trump’s executive orders affecting Dodd-Frank is having on the market as well as how the housing industry may be impacted by a recent tariff on Canadian lumber.

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Wells Fargo Repairs Resolution Plan

Wells Fargo Repairs Resolution Plan

The FDIC and the Federal Reserve Board found that in December 2016, Wells Fargo had not yet remedied two of the three deficiencies the agencies had previously identified. Subsequently, the agencies imposed restrictions on the growth of Wells Fargo’s international and non-bank activities. The revised plan submitted by Wells Fargo in march adequately repaired the two deficiencies. Wells Fargo has remedied the deficiencies and will no longer be subject to the growth restrictions which were imposed.

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What Would a Government Shutdown do to Mortgages?

What Would a Government Shutdown do to Mortgages?

With the federal funding running out on Friday and a potential government shutdown looming, expect to see an impact on the mortgage industry. Access to tax documents and other government paperwork may prove difficult in the event of a shutdown. Furloughs at the IRS and Social Security can cause roadblocks in the application process.

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Rising Real Home Prices Impacted by Inventory

Rising Real Home Prices Impacted by Inventory

First American’s Real House Price Index (RHPI) for February 2017 showed home prices remaining strong. The low inventory has meant that home prices have remained high. Additionally, the RHPI noted that rising wages have offset the impact of rising home prices and mortgage rates on affordability. Wages have grown by 2.8 percent in February.

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