News Flash

Housing Market Potential Takes a Dip
Potential existing-home sales decreased to a 5.5 million seasonally adjusted, annualized rate (SAAR), according to new data from First American Financial Corporation. This represents a 1.9 percent decline compared with a year ago, a... Read more
Trump and Carson Tour New Smithsonian Museum
Dr. Ben Carson has not made many public appearances since his Senate Confirmation Hearing in January to become the next Secretary of the U.S. Department of Housing & Urban Development (HUD), but today he joined President Donald Trump... Read more
The Consumer Financial Protection Bureau (CFPB) has charged Prospect Mortgage LLC with paying illegal kickbacks for mortgage business referrals and ordered it to pay a $3.5 million civil penalty
Bill Seeks Changes in CFPB Funding Source
Another bill has been introduced into the U.S. Senate that challenges the current state of the Consumer Financial Protection Bureau (CFPB).   Sen. Mike Rounds (R-SD), a member of the Senate Banking Committee, introduced legislation to... Read more
Realtor.com is offering its choices for the 10 least polluted and most polluted metro areas
The Least- and Most-Polluted Housing Markets Are …
Another week and another Top 10 housing market list. This time, Realtor.com is offering its choices for the 10 least polluted and most polluted metro areas.   For this number crunch, Realtor.com analyzed the 150 largest metros based on the... Read more
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