Housing Inventory Remains Tight

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Many major U.S. markets still don’t have housing supply to meet demand, but theories differ about what’s behind the inventory shortage This much is certain: Housing inventory is still tight in many major U.S. markets. May’s inventory was down 15.7% year over year, according to data from the National Association of Realtors. What’s less certain is what [Read More…]

King v. Burwell: Subsidies Stand

The U.S. Supreme Court has issued a ruling in the King v. Burwell case stating that the Affordable Care Act (ACA) does in fact allow the Internal Revenue Service (IRS) to provide Premium Tax Credits, or subsidies, for health insurance provided under the Federal Marketplace. Although the language of the law states that subsidies are [Read More…]

Webinar – ACA is Here to Stay: Best Practices for ACA Management

Legislative Update

Webinar – ACA is Here to Stay: Best Practices for ACA Management Tuesday | July 7, 2015 | 1:00 PM EDT The Supreme Court has issued a ruling in the King v. Burwell case upholding Premium Tax Credits, or subsidies, for health insurance provided under the federal Marketplace. But what does this mean in terms [Read More…]

What Banks and Credit Unions Can Do To Help Reduce HELOC Delinquency Risks

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With better data and analysis, lenders can be more prepared for home equity lines of credit recasts — and even take advantage of HELOC recasts to aid business growth. Here’s an interesting statistic: Over half of the home equity lines of credit (HELOCs) in the market — roughly 5.8 million — were originated during the housing [Read More…]

Webinar Recap – ACA IRS Reporting with Intuit and Equifax

Alternative data tools help your bank meet today's big challenges.

Two weeks ago, Equifax published a survey with PwC on employers’ preparedness for ACA IRS reporting. The results were intriguing, and we wanted to learn more. So during a recent webinar with Intuit, the provider of Turbo Tax® software, we polled the audience and the outcome further proved that employers need an expert in their [Read More…]

Lenders Beware: HOAs Pack a Punch in Foreclosures

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Walk into almost any homeowners’ association (HOA) meeting, listen to the discussions about unleashed dogs and roof repairs, and you might think the organization is of little consequence to anyone outside the neighborhood. But you’d be wrong. The seemingly lowly HOA wields a great deal of power — and banks and mortgage servicers must be [Read More…]

A Deep Dive into ACA IRS Reporting with Intuit and Equifax

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A Deep Dive into ACA IRS Reporting with Intuit and Equifax Form 1095 for the Affordable Care Act is often called the “W-2 of benefits”. However, the stakes are much higher when it comes to reporting under ACA because this information will determine the penalties that you and your employees could face for failing to [Read More…]

Webinar: Credit Unions and the HELOC Landscape

Credit Unions and the HELOC Landscape

Event: Credit Unions and the HELOC Landscape Date: Tuesday, May 5, 2015 Time: 2:00 p.m. Eastern Registration Link:  http://consumer.equifax.com/LP=1585 According to the latest Equifax National Consumer Credit Trends Report, U.S. consumer appetite for home equity lines of credit (HELOCs) is increasing. More than 1.2 million new HELOCs were opened in 2014, a 15.8% increase over [Read More…]

Historically Low Interest Rates Spur a Rush of Homeowner Borrowing

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The confluence of two newsworthy trends is driving business for mortgage lenders: historically low interest rates and consumer fear that those rates could rise. Interest rates have dropped steadily since 2008, when the U.S. Federal Reserve slashed rates to boost a swooning housing market and staggering economy. Today, the economy has improved, but rates remain [Read More…]

The Challenge of Distinguishing Owner-Occupied Mortgages From Investor Mortgages

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Understanding the borrower’s intention for a property is a key factor in a lender’s mortgage application decision. Because it’s often safer to approve clients buying a residence for themselves, lenders often provide better rates for owner-occupied mortgage loans. Unfortunately, some borrowers might misrepresent their application in order to receive this lower rate. Having a process [Read More…]