Tag Archives: housing

Women, Invest in Each Other

Posted on by NAWRB
Blog_InvestInYourself
25 Jan

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 inclusion movement since 2009, NAWRB covers organizations making a difference for women in the housing ecosystem.

Continue reading →

7 Financial Tips to Help Prepare for a Natural Disaster

Posted on by NAWRB
Blog_h2ome2 copy
06 Sep

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 and emergency funds is critical in the days and weeks following a natural disaster,” says ICBA Chairman Rebeca Romero Rainey. “Devising a strategy ahead of time can help alleviate victims from undue pressure during an incredibly stressful time. Doing so will also help minimize financial uncertainty, and limit the long-term impacts from damaged, destroyed or lost financial documents.”

Continue reading →

What is the Future of U.S. Housing?

Posted on by NAWRB
Blog_RedHouse copy
07 Jul

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 of Realtors (NAR) reports that between April 2015 and March 2016, foreign buyers spent $102.6 billion on residential properties in the U.S. Despite this gargantuan figure, it is amazingly 1.3 percent lower in dollar volume from the previous year.

Continue reading →

The Buying Power of Asian Americans

Posted on by NAWRB
Blog_BuyingPower2
13 Apr

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 market. The report also confirms that the Metropolitan Statistical Areas’ (MSA) LIHHM performance has been improving since 2012. Continue reading →

House Flipping in the United States

Posted on by NAWRB
Blog_houseflip
19 Feb

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 percent rate of 2006. Continue reading →

First Tennessee Bank Reaches Second Lending Settlement

Posted on by nawrbBlogger
Blog_knoxville
02 Feb

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 Housing and Urban Development’s (HUD) underwriting requirements. Continue reading →

The Future of our Communities Lies in our Mothers’ Hands

Posted on by nawrbBlogger
Blog_mothershands-2
01 Feb

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 more than 3 out of 4 single parent families are headed by a female. Although women have made great economic strides in the last decade, studies show that they continue to be disproportionately impacted by poverty. Single mothers face serious economic challenges; they generally have lower incomes and higher living expenses for child care, healthcare and housing.  Continue reading →