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Tag Archives: National Collateral Database
I have been hearing a great deal of noise lately about the increasing cost of compliance in mortgage lending. There has always been a cost associated with compliance, but the seemingly unprecedented quantity of new regulation coupled with a new regulator has created a new reality. The patterns of the past can’t be used to make sense of the future. Projects with Dodd-Frank in the title abound throughout the lending… Continue reading
Despite the continued weakness in the U.S. housing market as indicated by March numbers from indicators such as NAR’s existing homes sales, Census’s new housing starts and new home sales, signs of a housing pick-up in the Chicago metro area are emerging earlier this year.
Rising Inventory and Owners’ Asking Prices: First, as early as February, Chicago’s single-family home listings were up 8.0% from the previous month, accompanied by… Continue reading
Is the U.S. housing market starting to recover? Let’s check the latest numbers.
The latest homes-for-sale data in FNC’s National Collateral Database™, which represent two-thirds of for-sale home listings nationwide, show a modest uptrend in July. The number of homes for sale rose 6.5% from June, or 30% from a year ago.
In June, total home sales (including new and existing homes) rose more than 13% compared… Continue reading
First a little background…
FNC’s data and analytic products are fueled by our National Collateral Database™ (NCD), a robust collection of property information shared with us by our lender clients and appraiser customers. The foundation of the NCD is comprised of addresses of properties nationwide, gathered from the county assessors in almost every U.S. county. FNC products depend on the value of collateral, also known as parcels or properties… Continue reading
Here at FNC, we’ve recently released our new Residential Price Index (RPI) – a free resource available to anyone interested in real estate price trends nationwide. Invented by FNC Co-Founder Dr. Robert Dorsey, the RPI has been in progress for some time within our Collateral Data & Analytics (CDNA) department. Dr. Dorsey and his CDNA team deserve a round of applause for the successful creation and implementation of… Continue reading