News Flash

Primary Residential Mortgage Inc. (PRMI) has announced the formation of the PRMI Giving Network
PRMI Launches “PRMI Giving Network,” Partners With Kids In Need Foundation
Primary Residential Mortgage Inc. (PRMI) has announced the formation of the PRMI Giving Network–a service initiative aimed to help transform communities across the globe and to inspire and create real change through nutrition, service and... Read more
The default rate on first mortgages was up slightly in August, according to new data released by the S&P/Experian Consumer Credit Default Indices
First Mortgage Defaults Up Slightly
The default rate on first mortgages was up slightly in August, according to new data released by the S&P/Experian Consumer Credit Default Indices.   The first mortgage default rate increased from 0.62 percent in July to 0.65 in August... Read more
Builder confidence in the market for newly-built single-family homes dropped three points to a level of 64 in September from a downwardly revised August reading of 67, according to the latest data on the National Association of Home Builders (NAHB)/Wells
Builder Confidence Takes a Hit
Builder confidence in the market for newly-built single-family homes dropped three points to a level of 64 in September from a downwardly revised August reading of 67, according to the latest data on the National Association of Home... Read more
Mortgage fraud risk experienced a 16.9 percent year-over-year spike in the second quarter, according to new data from CoreLogic
Mortgage Fraud Risk Increased Over Q2
Mortgage fraud risk experienced a 16.9 percent year-over-year spike in the second quarter, according to new data from CoreLogic.   During the second quarter, CoreLogic found an estimated 13,404 mortgage applications, or 0.82 percent of all... Read more
Single-family housing starts in August were at a rate of 851,000, which 1.6 percent above the revised July figure of 838,000
Housing Starts Up, But Troubles Persist
Single-family housing starts in August were at a rate of 851,000, which 1.6 percent above the revised July figure of 838,000, according to new data from the Census Bureau and Department of Housing and Urban Development. Privately-owned... Read more
The Booyah Veteran Bus Project and Clean the World have announced the launch of Hike Across America, powered by Booyah Veteran Bus Project and Clean the World
The Booyah Veteran Bus Project Teams With Clean the World to Support America’s Homeless Vets
The Booyah Veteran Bus Project and Clean the World have announced the launch of Hike Across America, powered by Booyah Veteran Bus Project and Clean the World, a three-month initiative to raise awareness for homeless veterans and the... Read more
The Trump Administration is putting the long-overdue reform of the government-sponsored enterprises (GSEs) on the proverbial back-burner until next year
Mnuchin Delays GSE Reform to 2018
The Trump Administration is putting the long-overdue reform of the government-sponsored enterprises (GSEs) on the proverbial back-burner until next year.   In an interview with Bloomberg, Treasury Secretary Steven Mnuchin said the... Read more
How heavy is the student loan debt burden on Millennial homeownership
Survey Finds 20 Percent of Millennials Are Homeowners
How heavy is the student loan debt burden on Millennial homeownership?   A new survey by the National Association of Realtors (NAR) and the non-profit American Student Assistance has found only 20 percent of Millennial respondents own a... Read more
Hurricane Irma might be gone, but the chaos it brought to Florida’s housing market will linger for a long time
Black Knight: Over 3.1M Mortgaged Properties in Irma Disaster Areas
Hurricane Irma might be gone, but the chaos it brought to Florida’s housing market will linger for a long time.   According to a new report from Black Knight Financial Services (BKFS), the FEMA-designated disaster areas in Florida that... Read more
The overall average number of home sales in August was 2.8 percent above July’s level but 0.84 percent below the levels set in August 2016
RE/MAX: August Home Sales Up 2.8 Percent
The overall average number of home sales in August was 2.8 percent above July’s level but 0.84 percent below the levels set in August 2016, according to new data from RE/MAX. Twenty-four of the 54 metro areas surveyed by RE/MAX experienced... Read more