News Flash

San Diego will need to triple the number of homes constructed each year if it hopes to keep up with the current level of housing demand while keeping prices down, according to a report issued by the San Diego Housing Commission
Report: San Diego Needs Up to 220,000 Housing Units by 2028
San Diego will need to triple the number of homes constructed each year if it hopes to keep up with the current level of housing demand while keeping prices down, according to a report issued by the San Diego Housing Commission.   The San... Read more
A new study by Redfin has concluded it is more cost-effective for students at some public colleges to buy their own condo rather than rent an on-campus dorm room
Redfin: Condos More Cost-Effective Than Dorms
A new study by Redfin has concluded it is more cost-effective for students at some public colleges to buy their own condo rather than rent an on-campus dorm room.   According to Redfin, dorm rents range from $232 to $1,817 per month, with... Read more
A coalition of housing and real estate trade groups is ratcheting up pressure on the Trump Administration to ensure the government-sponsored enterprise (GSE) reform
Trade Groups Raise Warning on Stalled GSE Reform
A coalition of housing and real estate trade groups is ratcheting up pressure on the Trump Administration to ensure the government-sponsored enterprise (GSE) reform remains a priority.   In letters to Treasury Secretary Steve Mnuchin and... Read more
Altisource Portfolio Solutions has issued the results of its inaugural Default Servicing Survey, a survey of over 200 mortgage default servicing professionals
Altisource Survey Finds FHA Volume on the Rise
Altisource Portfolio Solutions has issued the results of its inaugural Default Servicing Survey, a survey of over 200 mortgage default servicing professionals. According to the study, nearly three-quarters (71 percent) of servicing... Read more
A federal judge tripled the penalty enacted against two Texas-based mortgage companies, Allied Home Mortgage Corp. and Allied Home Mortgage Capital Corp., and their CEO Jim Hodge for violating the False Claims Act
Judge Triples Penalty Against Allied
A federal judge tripled the penalty enacted against two Texas-based mortgage companies, Allied Home Mortgage Corp. and Allied Home Mortgage Capital Corp., and their CEO Jim Hodge for violating the False Claims Act.   According to a Reuters... Read more
Julian Castro, the Secretary of Housing and Urban Development (HUD) during the second term of the Obama Administration, continued to maintain a high profile by launching a sharp attack at Dr. Tom Price
Ex-HUD Chief Castro: Trump Team is a “Circus”
Julian Castro, the Secretary of Housing and Urban Development (HUD) during the second term of the Obama Administration, continued to maintain a high profile by launching a sharp attack at Dr. Tom Price, the Secretary of Health and Human... Read more
Yesterday’s decision by the Federal Reserve’s policy making Federal Open Market Committee (FOMC) to unwind the central bank’s $4.5 trillion mortgage asset purchase program was greeted with caution by industry leaders
Industry Reacts Cautiously to Fed’s Next Steps
Yesterday’s decision by the Federal Reserve’s policy making Federal Open Market Committee (FOMC) to unwind the central bank’s $4.5 trillion mortgage asset purchase program was greeted with caution by industry leaders.   "For much of the... Read more
The Consumer Financial Protection Bureau (CFPB) announced a modification of regulations on the Equal Credit Opportunity Act (ECOA)
CFPB Modified ECOA Regs, Seeks HMDA Comments
The Consumer Financial Protection Bureau (CFPB) announced a modification of regulations on the Equal Credit Opportunity Act (ECOA) that are designed to “provide additional flexibility for mortgage lenders in the collection of consumer... Read more
Sometimes, living dangerously can lead to home seller gains, according to new data from ATTOM Data Solutions
Homes Within Natural Hazard Risk Areas Have Higher Prices
Sometimes, living dangerously can lead to home seller gains, according to new data from ATTOM Data Solutions.   In a new study, ATTOM found the median home prices in cities in the 80th percentile for natural hazard risk—also known as the... Read more
The national median home value in August grew by 6.9 percent over the last year to $201,900
Median Home Values Up While Inventory Vanishes
The national median home value in August grew by 6.9 percent over the last year to $201,900, according to new data from Zillow. Among the major metro markets, Seattle was the only location where home values rose at a double-digit annual... Read more