News Flash

For the second consecutive week, Freddie Mac’s Primary Mortgage Market Survey has found average mortgage rates on the decline.   The 30-year fixed-rate mortgage averaged 4.12 for the week ending January 12, down from last week when it... Read more
Jeffrey M. Lacker, president and chief executive officer of the Federal Reserve Bank of Richmond, announced that he will retire on Oct. 1
Jeffrey M. Lacker, president and chief executive officer of the Federal Reserve Bank of Richmond, announced that he will retire on Oct. 1. Lacker joined the Richmond Fed in 1989 and served in various leadership positions prior to taking on... Read more
For the first time in six month, the gap between homeowner estimates and appraiser opinions expanded, according to the latest National Home Price Perception Index (HPPI) released by Quicken Loans
For the first time in six months, the gap between homeowner estimates and appraiser opinions expanded, according to the latest National Home Price Perception Index (HPPI) released by Quicken Loans. The new HPPI data found the average... Read more
The new year kicked off on a positive note regarding prospective homeowners, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 6
The new year kicked off on a positive note regarding prospective homeowners, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 6. The Market Composite Index increased 5.8 percent... Read more
More blacks and Hispanics received home purchase loans in 2015, but they also experienced higher levels of loan denial, according to Home Mortgage Disclosure Act (HMDA) data released by the Federal Financial Institutions Examination Council (FFIEC)
Homeowners in predominantly African-American communities are twice as likely to be underwater on their mortgages as homeowners in mostly White communities, according to a new report by Zillow. Although the national negative equity rate was... Read more
In advance of Thursday’s Senate confirmation hearing of Dr. Ben Carson to become the next Secretary of the U.S. Department of Housing & Urban Development (HUD)
In advance of Thursday’s Senate confirmation hearing of Dr. Ben Carson to become the next Secretary of the U.S. Department of Housing & Urban Development (HUD), the mortgage industry’s leading trade group voiced its support of the... Read more
Secure Insight has announced the results of their latest mortgage industry survey conducted of settlement professionals and mortgage industry executives nationwide regarding their expectations of a Trump Administration’s impact on the economy and the real
Secure Insight has announced the results of their latest mortgage industry survey conducted of settlement professionals and mortgage industry executives nationwide regarding their expectations of a Trump Administration’s impact on the... Read more
Yesterday’s decision by the Department of Housing and Urban Development to lower the Federal Housing Administration (FHA) mortgage insurance premium was greeted with a sharp rebuke by Rep. Jeb Hensarling (R-TX)
Yesterday’s decision by the Department of Housing and Urban Development to lower the Federal Housing Administration (FHA) mortgage insurance premium was greeted with a sharp rebuke by Rep. Jeb Hensarling (R-TX), chairman of the House... Read more
Delinquencies in closed-end loans increased in last year’s third quarter, according to results from the American Bankers Association’s (ABA) Consumer Credit Delinquency Bulletin
Delinquencies in closed-end loans increased in last year’s third quarter, according to results from the American Bankers Association’s (ABA) Consumer Credit Delinquency Bulletin, but three of the four housing-related loan categories saw... Read more
The national foreclosure inventory plummeted by 30 percent on a year-over-year basis in November 2016, while the level of completed foreclosures fell by 25.9 percent, according to new data from CoreLogic. On a month-over-month basis, the... Read more

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