News Flash

While President Barack Obama’s political legacy is open to debate, it appears that his real estate legacy is solid
While President Barack Obama’s political legacy is open to debate, it appears that his real estate legacy is solid. A new data analysis by Zillow determined that the value of the White House has appreciated 15 percent since Obama's... Read more
The Senate Minority Leader issued a harsh warning to the incoming President of the United States: Do not fire Consumer Financial Protection Bureau (CFPB) Director Richard Cordray
The Senate Minority Leader issued a harsh warning to the incoming President of the United States: Do not fire Consumer Financial Protection Bureau (CFPB) Director Richard Cordray. According to a Reuters report, Sen. Chuck Schumer (D-NY)... Read more
Home loan applications were up for a second consecutive week, according to the latest Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey
Home loan applications were up for a second consecutive week, according to the latest Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey. The Market Composite Index increased by 0.8 percent on a seasonally adjusted... Read more
he housing market ended 2016 on a vibrant note, according to the latest RE/MAX National Housing Report
The housing market ended 2016 on a vibrant note, according to the latest RE/MAX National Housing Report. Last year’s home sales in the housing report’s eight-year history, topping the sales of 2015, the previously strongest year. “Much... Read more
After prolonged negotiations punctuated by news leaks, the U.S. Department of Justice (DOJ) has announced a settlement with Deutsche Bank regarding charges that the German financial institution misled investors
After prolonged negotiations punctuated by news leaks, the U.S. Department of Justice (DOJ) has announced a settlement with Deutsche Bank regarding charges that the German financial institution misled investors in the packaging,... Read more
The Rocky Mountain High that Colorado’s pricey Aspen-area housing market experienced in 2015—with sales breaking the $2 billion barrier—was followed by a significant drop-off
The Rocky Mountain High that Colorado’s pricey Aspen-area housing market experienced in 2015—with sales breaking the $2 billion barrier—was followed by a significant drop-off. According an analysis by the Aspen Times and Land Title... Read more
When it comes to the markets offering investors the highest yields single-family rental (SFR) properties, the unlikely leader is Cleveland.
When it comes to the markets offering investors the highest yields single-family rental (SFR) properties, the unlikely leader is Cleveland. According to new data from HomeUnion, Cleveland leads the nation, with first-year yields of 10.9... Read more
Mortgage defaults on first mortgages were up slightly last month, according to the latest date from S&P/Experian Consumer Credit Default Indices
Mortgage defaults on first mortgages were up slightly last month, according to the latest date from S&P/Experian Consumer Credit Default Indices. The first mortgage default rate in December was 0.71 percent, up one basis point from... Read more
President-Elect Donald Trump has asked William Russell, executive director of Florida’s Sarasota Housing Authority, to serve as special adviser in the transition to a new leadership configuration at the Department of Housing and Urban Development (HUD)
President-Elect Donald Trump has asked William Russell, executive director of Florida’s Sarasota Housing Authority, to serve as special adviser in the transition to a new leadership configuration at the Department of Housing and Urban... Read more
Wells Fargo, the nation’s largest mortgage lender, is planning to close more than 400 bank branches by the end of next year
Wells Fargo, the nation’s largest mortgage lender, is planning to close more than 400 bank branches by the end of next year. According to a CNN report, the new wave of closures will follow the shuttering of 84 branches in 2016. The San... Read more

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