News Flash

Existing-home sales in January was the largest year-over-year drop in over three years
Existing-Home Sales Down, But Prices Go Up
Existing-home sales in January was the largest year-over-year drop in over three years, according to new data from the National Association of Realtors (NAR).   Total existing-home sales were down 3.2 percent in January to a seasonally... Read more
National Association of Mortgage Brokers (NAMB) has announced that it is seeking to ban the sale of trigger leads
NAMB Pushes Trigger Lead Ban
National Association of Mortgage Brokers (NAMB) has announced that it is seeking to ban the sale of trigger leads by urging Congress to add appropriate legislative language to Bills HR 4028 and S 1982 (also known as the Protect Act of 2017... Read more
The first mortgage default rate increased four basis points from December to January
First Mortgage Default Rate Up Slightly
The first mortgage default rate increased four basis points from December to January, starting the year at 0.72 percent, according to the latest data from the S&P/Experian Consumer Credit Default Indices. On a year-over-year-basis, the... Read more
Being the leader of the free world is not necessarily helping Donald Trump’s real estate brand
Lower Sales, Median Prices for Trump Real Estate Since 2016
Being the leader of the free world is not necessarily helping Donald Trump’s real estate brand, according to a new analysis of Trump properties conducted by Realtor.com.   In this study, Realtor.com studies sales data for the U.S.... Read more
When it comes to living in state capitals, Texas residents in Austin enjoy the highest quality of life, while residents in Trenton, N.J., and Hartford, Conn., face significantly lower quality of life
The Most Livable State Capital Is …
When it comes to living in state capitals, Texas residents in Austin enjoy the highest quality of life, while residents in Trenton, N.J., and Hartford, Conn., face significantly lower quality of life, according to a new survey from... Read more
The Consumer Financial Protection Bureau (CFPB) came under criticism from another federal entity: The Government Accounting Office (GAO) who issued a report questioning the Bureau’s ability to properly regulate non-bank servicers
Democrats Seek Answers to CFPB's OFLEO Realignment
Fifty-three Democratic members of Congress called on the Consumer Financial Protection Bureau (CFPB) to explain the decision by Acting Director Mick Mulvaney to reorganize the agency’s Office of Fair Lending and Equal Opportunity (OFLEO... Read more
Construction
Builder Confidence Holds Steady
Builder confidence in the market for newly-built single-family homes remained unchanged at the 72 level in February on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).   The HMI component charting... Read more
LRES has announced that Paul Bush has been promoted to its vice president of technology
ATTOM Data Solutions Acquires Onboard Informatics
ATTOM Data Solutions has acquired Onboard Informatics, s provider of neighborhood data and data-enabled turnkey products to the real estate industry.   “Onboard has a long and accomplished track record as an innovator in enhancing and... Read more
landscaping
Homeowners Spent $2,000 Per Year on Maintenance Services
The average U.S. homeowner spends an average of approximately $2,000 per year on maintenance services, according to new data released by Bankrate.com The survey also found 63 percent homeowners utilized at least one recurring maintenance... Read more
MISMO, the Mortgage Industry Standards Maintenance Organization, has announced its 2017 Contributor Award Winners
MBA Honors Tom Dennard With CREF Distinguished Service Award
The Mortgage Bankers Association (MBA) has awarded Thomas S. Dennard, Chairman and Chief Executive Officer of Grandbridge Real Estate Capital, with the 2018 Commercial Real Estate Finance (CREF) Distinguished Service Award.   "Tom has... Read more