Contact us for instant answers.

We invite you to experience the Birchwood difference. Fill out the form to the right and a representative will contact you with more information.

Builders Are Really, Really Confident in Housing

05.16.2017

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose two points in May, the second highest reading since the 2008 downturn.

Going Up! Existing-Home Sales at 10-Year Peak

04.24.2017

Total existing-home sales soared by 4.4 percent to a seasonally adjusted annual rate of 5.71 million in March from a downwardly revised 5.47 million in February, according to new data from the National Association of Realtors (NAR). On a year-over-year basis, March’s sales pace is up 5.9 percent—and it also surpasses January as the strongest month of sales since February 2007 (5.79 million).

Refis Continue Dip, FICO Scores Up

04.21.2017

Refinancing has continued its downward slope, dipping to just 37 percent of all loan originations in March, according to the March 2017 Origination Insight Report released by Ellie Mae on Thursday. That’s down from February, when refis accounted for 43 percent of all loans, and also down year-over-year. Refinances accounted for 45 percent of loan originations in March 2016.

Applications Go Down While Interest Rates Go Up

04.06.2017

According to the MBA Weekly Applications Survey, applications dropped slightly. The Survey found that for the week ending on March 31, applications dropped 1.6 percent from the previous week. The Market Composite Index showed that on an unadjusted basis, applications dropped 1 percent from the previous week, compared to the 1.6 percent adjusted.

CFPB fines Experian $3 million for lying about consumers' credit scores

03.24.2017

Experian, one of the nation’s three major credit reporting bureaus, misled consumers by telling them that the credit scores they purchased from the company were the same ones that lenders used to make credit decisions, the Consumer Financial Protection Bureau said Thursday.

New Home Sales Maintain Strong Momentum

03.24.2017

New home sales continued their strong 2017 start, rising by more than 6 percent in February from January and by nearly 13 percent from a year ago, HUD and the Census Bureau reported yesterday.

The Fed Funds Rate: Good for the Housing Market?

03.23.2017

Conventional wisdom suggests that rising Fed Funds rates are bad news for the still-recovering US Housing Market. 

CFPB Handles Credit Reporting Issues

03.03.2017

As of February 1, the Consumer Financial Protection Bureau (CFPB) has handled close to 185,700 complaints from consumers about credit reporting companies (CRC).

Refis Up, Purchase Originations Down

03.02.2017

Purchases may be on the decline, but it seems refinances are bucking the trend. According to ATTOM Data Solutions’ Residential Property Loan Origination Report, refinance originations were up 20 percent in Q4 2016—totaling 883,836 and $246 billion. This is up 27 percent over the year.

Half of Buyers Surprised at the Closing Table

02.28.2017

Buying a home is stressful enough, but arriving at the closing and learning of unexpected costs can add to the stress. A new survey reveals that 50 percent of homebuyers are surprised at the amount of closing costs when they go to sign closing papers.

Pages

Connect with us:

© Birchwood Credit Services 2017

Contact|Privacy Policy|Site Map|Security & Technology