Mortage News

The political rancor resulting from President Trump’s comments on last weekend’s events in Charlottesville are not driving White House economic adviser Gary Cohn out of the Administration
Report: Cohn to Remain in White House
The political rancor resulting from President Trump’s comments on last weekend’s events in Charlottesville are not driving White House economic adviser Gary Cohn out of the Administration.   According to a Bloomberg report, an unnamed... Read more
A pilot program has been introduced in Los Angeles County that will encourage homeowners to build a second dwelling on their properties that will provide housing house homeless people
L.A. Program Encourages Homeowners to Shelter the Homeless
A pilot program has been introduced in Los Angeles County that will encourage homeowners to build a second dwelling on their properties that will provide housing house homeless people.   According to a Los Angeles Daily News report, the... Read more
The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices
Redfin: Inventory Shrinkage Jacked Up July’s Home Prices
The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices.   During July, Redfin determined a 6.8 percent year-over-year... Read more
FHFA Extends HARP, Modifies Refinance Program
The Federal Housing Finance Agency (FHFA) had modified the High LTV Streamlined Refinance program designed to help borrowers who are current on their mortgage but are unable to refinance because their loans have loan-to-value (LTV) ratios... Read more
Dr. Ben Carson, the new Secretary of Housing & Urban Development (HUD) and the sole African-American in President Trump’s cabinet
HUD Secretary's Home Vandalized with Anti-Trump Graffiti
If you thought that you could escape the belated sequel to the Civil War by reading this media resource, we’re sorry to disappoint you. However, there is a housing element to be found in this current news stream. In a posting on Facebook... Read more
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Mortgage Rates Slump Again
Fixed mortgage rates took another spill this week, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 3.89 percent for the week ending Aug. 17, down from last week when it averaged 3.90 percent. The... Read more
New Reports Detail Level of Housing Wealth
A pair of new data reports is offering new insight on the current state of housing-fueled prosperity.   A study released by Zillow has found nearly one in 20 residential ZIP codes can be defined as a “$1 million neighborhood,” which means... Read more
Single-family housing starts in July were at a rate of 856,000
RE/MAX: Home Sales Down, But Prices Soar
Home sales during July dropped 0.8 percent year-over-year and plummeted by 15.8 percent compared to June, but the median sales price of $239,500 was up 7.4 percent from one year earlier, according to new data from RE/MAX.   Nineteen of... Read more
Guild Mortgage has been named as one of the San Diego Business Journal’s Fastest Growing Private Companies for 2017
Guild Mortgage Recognized by San Diego Business Journal
Guild Mortgage has been named as one of the San Diego Business Journal’s Fastest Growing Private Companies for 2017, marking its third appearance on the list in the past four years. Guild ranked No. 49 on the list, with revenue growth of... Read more
Mortgage Bankers Association (MBA) Education has announced the creation of the Certified Mortgage Compliance Professional (CMCP) designation
MBA Announces New CMCP Designation
Mortgage Bankers Association (MBA) Education has announced the creation of the Certified Mortgage Compliance Professional (CMCP) designation, and the opportunity to take the classes for first level of the designation at no charge in... Read more