News Flash

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
The level of credit defaults on first and second mortgages saw mild increases last month, according to the latest S&P/Experian Consumer Credit Default Indices
Mortgage Payments Eat Up More Median Household Income
What is the true cost of homeownership? According a new data analysis from Zillow, today’s typical monthly mortgage payment requires more of the average household income than it has anytime in the previous six years.   Zillow has... Read more
The real estate industry mantra “location, location, location” took on a rather toxic hue with ATTOM Data Solutions’ third annual Environmental Hazards Housing Risk Index
17.3M Homes in High Environmental Hazard Risk Areas
The real estate industry mantra “location, location, location” took on a rather toxic hue with ATTOM Data Solutions’ third annual Environmental Hazards Housing Risk Index, which determined that 17.3 million single-family homes and condos... Read more
The Federal Housing Finance Agency (FHFA) has reported that 13,220 borrowers refinanced their mortgages through the Home Affordable Refinance Program (HARP) during the fourth quarter of 2016
FHFA Releases Q4 Refinance Data
The Federal Housing Finance Agency (FHFA) has reported that 13,220 borrowers refinanced their mortgages through the Home Affordable Refinance Program (HARP) during the fourth quarter of 2016, while the number of total refinances in the... Read more
The precarious state of California’s Oroville Dam has been one of the most dramatic news stories in recent days
CoreLogic Estimates Housing Damage From Potential Dam Collapse
The precarious state of California’s Oroville Dam has been one of the most dramatic news stories in recent days. And new data from CoreLogic estimates that if the dam were to completely fail, 50,047 single- and multi-family residential... Read more
There was a bit of an awkward seesaw ride taking place in newly released mortgage data, with the delinquency rate taking an uptick while the average FICO score level headed south
Delinquency Rates Up, Average FICO Scores Drop
There was a bit of an awkward seesaw ride taking place in newly released mortgage data, with the delinquency rate taking an uptick while the average FICO score level headed south.   The delinquency rate for mortgages on one-to-four-unit... Read more
United Wholesale Mortgage (UWM) has announced its inaugural Most Valuable Processor Award, created to recognize the most talented and hard-working loan processors in the industry as part of its “UWM Loves Processors” campaign
United Wholesale Mortgage Announces “Most Valuable Processor Award”
United Wholesale Mortgage (UWM) has announced its inaugural Most Valuable Processor Award, created to recognize the most talented and hard-working loan processors in the industry as part of its “UWM Loves Processors” campaign. The Call for... Read more