News Flash

The Mortgage Collective, an organization comprised of representatives of some of the industry’s leading investment, lending, and loan servicing companies
The Mortgage Collective Tackles Key Servicing Issues
The Mortgage Collective, an organization comprised of representatives of some of the industry’s leading investment, lending, and loan servicing companies, recently met to discuss the challenges associated with newly emerging areas of risk... Read more
Less than one-third of Millennials are homeowners, but the homeownership rates among this youthful demographic are significantly lower in expensive coastal cities and pricey college towns
Less Than One-Third of Millennials Are Homeowners
Less than one-third of Millennials are homeowners, but the homeownership rates among this youthful demographic are significantly lower in expensive coastal cities and pricey college towns, according to a new data analysis from ABODO.   On... Read more
The wife of the nation’s most prominent socialist legislator is the subject of a federal investigation regarding her role in the ultimate capitalist nightmare: A failed real estate deal
Sanders’ Wife Under FBI Probe for Real Estate Deal
The wife of the nation’s most prominent socialist legislator is the subject of a federal investigation regarding her role in the ultimate capitalist nightmare: A failed real estate deal.   According to an Associated Press report, Jane O’... Read more
In a proposal that will probably find little support beyond the hallowed halls of Capitol Hill, Rep. Jason Chaffetz (R-UT) is suggesting that House and Senate legislators receive a $2,500 per month allowance
Does Congress Deserve a $2,500/Month Housing Allowance?
In a proposal that will probably find little support beyond the hallowed halls of Capitol Hill, Rep. Jason Chaffetz (R-UT) is suggesting that House and Senate legislators receive a $2,500 per month allowance to help them ease the costs of... Read more
David H. Stevens, president and CEO of the Mortgage Bankers Association, used his LinkedIn blog to present “‘Live Life’ Despite Cancer,” an overview of his experiences since his Aug. 15, 2016, diagnosis of Stage 4 prostate cancer
MBA’s Stevens Blogs on Cancer Battle
The head of the nation’s top mortgage industry trade group put business aside for a deeply personal blog posting on his fight against cancer. David H. Stevens, president and CEO of the Mortgage Bankers Association, used his LinkedIn blog... Read more
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.5 percent annual gain in April, down from 5.6 percent in March
Home Prices Record 5.5 Percent YoY Rise
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.5 percent annual gain in April, down from 5.6 percent in March. The 10-City Composite annual increase came in at 4.9 percent, lower than the 5.2 percent... Read more
NAMB—The National Association of Mortgage Professionals has announced the results of its monthly member survey
NAMB Membership Survey Finds Low Home Inventory Chief Obstacle for Homebuyers
Historic low inventory is the main obstacle that is preventing prospective homebuyers from purchasing property, according to a survey released by NAMB—The National Association of Mortgage Professionals.    In a poll of its membership. NAMB... Read more
Real house prices fell by 1.6 percent between March and April, but increased by 11 percent from April 2016 to April 2017
New Data Plumbs Real House Price Levels
Real house prices fell by 1.6 percent between March and April, but increased by 11 percent from April 2016 to April 2017, according to data in the latest First American Real House Price Index (RHPI) report, which also found unadjusted... Read more
The Philadelphia City Council is considering a bill that would mandate the inclusion of affordable housing units in all new residential developments
Philadelphia Considers Mandate for Affordable Units
The Philadelphia City Council is considering a bill that would mandate the inclusion of affordable housing units in all new residential developments.   According to a Philadelphia Inquirer report, the city introduced a zoning incentive in... Read more
There is a growing level of discontent among Boston residents regarding the cost of living
Boston Residents Voice Discontent About Housing Costs
There is a growing level of discontent among Boston residents regarding the cost of living.   According to a new Suffolk University/Boston Globe poll that ranked the cost of housing on a scale of 1 to 5, 49.2 percent of respondents rated... Read more