News Flash

Fannie Mae closed 2016 with annual net income of $12.3 billion and annual comprehensive income of $11.7 billion
Fannie Mae Reports $12.3B in 2016 Net Income
Fannie Mae closed 2016 with annual net income of $12.3 billion and annual comprehensive income of $11.7 billion plus a positive net worth of $6.1 billion, according to a new filing by the government-sponsored enterprise. For the fourth... Read more
basement
Will Basement Apartments Ease NYC’s Housing Crunch?
A nonprofit research group has issued a report stating that New York City can alleviate its housing shortage by introducing a program to enable the conversion of approximately 38,000 basements in local single-family residences into new... Read more
The Mortgage Bankers Association (MBA) has looked into the future, and they are not complaining
MBA Forecast for Economy: Lookin’ Good!
The Mortgage Bankers Association (MBA) has looked into the future, and they are not complaining.   "We're expecting steady, modest growth in the U.S. economy," said MBA Vice President of Research & Economics Lynn Fisher yesterday at... Read more
CFPB Subpoena Authority Upheld by Federal Court
The Consumer Financial Protection Bureau (CFPB) scored another victory in court, this time in a case regarding its authority to issue a subpoena in a housing finance investigation.   According to a New York Times report, Judge Nancy G.... Read more
Affordable housing continues to be an elusive commodity, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index
Affordable Housing Opportunities Continue to Evaporate
Affordable housing continues to be an elusive commodity, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index, which has declined to its lowest point since the third quarter of 2008.  ... Read more
RE/MAX Reports Record January Home Sales
This year started off with a bang, at least in terms of housing activity. According to the latest RE/MAX National Housing Report, last month “topped all other Januarys in the report’s nine-year history with the most sales, highest sales... Read more
eValuation ZONE Inc., a business specializing in real estate appraisal management services, has announced its national certification as a Women’s Business Enterprise by the Women's Business Development Center-Chicago
eValuation ZONE Certified by the Women’s Business Enterprise National Council
eValuation ZONE Inc., a business specializing in real estate appraisal management services, has announced its national certification as a Women’s Business Enterprise by the Women's Business Development Center-Chicago, a regional certifying... Read more
Court to Rehear Case on CFPB’s Constitutionality
The U.S. Court of Appeals for the District of Columbia Circuit has agreed to rehear the case that challenged the constitutionality of the Consumer Financial Protection Bureau’s (CFPB) leadership structure.   According to a Bloomberg... Read more
Mortgage Rates Take a Dip
Average mortgage rates experienced a slight downward movement, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending Feb. 16.   The 30-year fixed-rate mortgage (FRM) averaged 4.15 percent, down from last week... Read more
Freddie Mac Ends 2016 With a Profit
Freddie Mac ended 2016 with $7.8 billion in net income, up from $6.4 billion in 2015. The government-sponsored enterprise also reported comprehensive income of $7.1 billion for 2016, up from $5.8 billion in 2015.   For the fourth quarter... Read more