News Flash

Construction spending in February totaled $1.192 trillion at a seasonally adjusted annual rate
HUD Allocates $55.2M to Native American Tribes
The U.S. Department of Housing & Urban Development (HUD) awarded $55.2 million to 77 Native American tribes through its Indian Community Development Block Grant (ICDBG) Program to improve housing conditions and stimulate economic... Read more
The Director of the Consumer Financial Protection Bureau (CFPB) took a sharp jab at his agency’s detractors
Cordray Sarcastically Slaps CFPB Critics Impacted by Equifax Breach
The Director of the Consumer Financial Protection Bureau (CFPB) took a sharp jab at his agency’s detractors by claiming many of them were impacted by last week’s announcement of a data security breach at Equifax, adding that the breach... Read more
Redfin: Home Prices Surged 7.7 Percent in August as Inventory Fell 12.4 Percent
Home prices in August were up 7.7 percent from one year earlier, the largest year-over-year price gain since May 2015, according to new data from Redfin. However, the national median sale price in August was $293,000, unchanged from July,... Read more
The Federal Trade Commission (FTC) has launched a probe into the data breach of Equifax that resulted in the compromising of confidential data belonging to 143 million consumers
FTC Investigating Equifax Security Breach
The Federal Trade Commission (FTC) has launched a probe into the data breach of Equifax that resulted in the compromising of confidential data belonging to 143 million consumers.   In a break from agency protocol that involves no public... Read more
The U.S. Senate voted 80-17 to confirm President Trump’s nomination of Pamela Patenaude to serve as Deputy Secretary of the U.S. Department of Housing & Urban Development (HUD)
Senate Confirms Patenaude as HUD Deputy Secretary
The U.S. Senate voted 80-17 to confirm President Trump’s nomination of Pamela Patenaude to serve as Deputy Secretary of the U.S. Department of Housing & Urban Development (HUD).   Patenaude had previously worked at HUD as assistant... Read more
Ginnie Mae is conducting an investigation to determine if lenders have been using aggressive sales tactics to convince veterans and active duty military personnel to obtain unnecessary mortgage refinancing
Ginnie Mae Investigates Refi Pressure Aimed at Veterans
Ginnie Mae is conducting an investigation to determine if lenders have been using aggressive sales tactics to convince veterans and active duty military personnel to obtain unnecessary mortgage refinancing.   According to a Bloomberg... Read more
Freddie Mac and Fannie Mae have issued their respective responses on servicing-related matters in regions damaged by the recent Hurricanes Harvey and Irma
GSEs Respond to Hurricane Damages
Freddie Mac and Fannie Mae have issued their respective responses on servicing-related matters in regions damaged by the recent Hurricanes Harvey and Irma.   Freddie Mac is suspending all foreclosure sales and eviction activities through... Read more
The Bel-Air, Calif., home of the Ronald and Nancy Reagan was sold for $15 million to Jerry Perenchio, the former chairman of the Spanish-language Univision television network
Mortgage Rates Remain Stagnant at 2017 Lows
Average mortgage rates were mostly unchanged from last week's year-to-date low, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 3.78 percent for the week ending Sept. 14, the same as last week, and... Read more
There was much less bounce in the home flipping market during the first quarter, according to the latest numbers released by ATTOM Data Solutions
Fewer Homes Being Flipped
There were 53,638 single-family homes and condos flipped during the second quarter, down 6.9 percent from the first quarter and unchanged from one year ago, according to new data from ATTOM Data Solutions.   The average gross flipping... Read more
Massachusetts Attorney General Maura Healey has announced her intent to sue Equifax Inc. over the security breach that exposed confidential personal data
Massachusetts AG to Sue Equifax Over Security Breach
Massachusetts Attorney General Maura Healey has announced her intent to sue Equifax Inc. over the security breach that exposed confidential personal data.   Healey noted that nearly three million Massachusetts residents may have been... Read more