News Flash

Michigan is approaching a near-crisis in affordable home building, according to the head of the Home Builders Association of Michigan
Builders Say Michigan Faces Affordable Housing Crisis
Michigan is approaching a near-crisis in affordable home building, according to the head of the Home Builders Association of Michigan.   In an interview with the Detroit News, Bob Filka, CEO of the Lansing-based builders’ association, said... Read more
In an effort to expand homeownership opportunities in the nation’s capital, the District of Columbia Housing Finance Agency (DCHFA) has introduced three incentives to assist in the mortgage application process
DCHFA Seeks to Assist With Closing Costs
In an effort to expand homeownership opportunities in the nation’s capital, the District of Columbia Housing Finance Agency (DCHFA) has introduced three incentives to assist in the mortgage application process.   Under this initiative,... Read more
Mortgage Applications Up 7.1 Percent
It was an active week in the home loan market, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 2.   The Market Composite Index increased 7.1 percent on a seasonally... Read more
Ocwen Financial Corporation and HomeFree-USA will co-host a borrower outreach event in Riverdale, Md. to help Maryland homeowners who are struggling to meet their mortgage obligations
Ocwen and HomeFree-USA to Assist Struggling MD Homeowners
Ocwen Financial Corporation and HomeFree-USA will co-host a borrower outreach event in Riverdale, Md. to help Maryland homeowners who are struggling to meet their mortgage obligations. This event, “More Help for Homeowners” will be held on... Read more
Independent mortgage banks and the mortgage subsidiaries of chartered banks brought in a net gain of $224 on each loan they originated in the first quarter
Q1 Profits Down for Independent Mortgage Banks
Independent mortgage banks and the mortgage subsidiaries of chartered banks brought in a net gain of $224 on each loan they originated in the first quarter, a significant drop from the reported gain of $575 per loan in the fourth quarter... Read more
The Chinese presence in U.S. commercial real estate is significant on both the buying and selling fronts
Chinese Dominate Global Investment in U.S. Commercial Property
The Chinese presence in U.S. commercial real estate is significant on both the buying and selling fronts, according to a National Association of Realtors (NAR) survey of real estate brokers involved in commercial property transactions with... Read more
Guess What? Home Prices Are Still Going Up
Guess What? Home Prices Are Still Going Up
Home prices nationwide saw a 6.9 percent year-over-year increase in April, according to new data from CoreLogic. On a month-over-month measurement, April’s home prices were up 1.6 percent.   Among the states, Washington and Utah saw the... Read more
The next time you turn on a light switch or flush the toilet, be aware that you could be adding to your housing expenses
Morning Becomes Electrocuted: Utility Costs Jack up Home Expenses
The next time you turn on a light switch or flush the toilet, be aware that you could be adding to your housing expenses. According to a new white paper published by ATTOM Data Solutions, utility costs—including electricity, natural gas,... Read more
San Francisco is such an expensive property market–pause for reader to ask aloud, “How expensive is it?–that a 90-square-foot storage locker was recently acquired for $160,000
90-SF Storage Locker in San Francisco Condo Development Sells for $160K
San Francisco is such an expensive property market–pause for reader to ask aloud, “How expensive is it?–that a 90-square-foot storage locker was recently acquired for $160,000.   According to a Yahoo Finance report, the residents of the... Read more
When it comes to bouncing back, the Denver metro area housing market has seen the greatest level of recovery
The Most Recovered Housing Market Is …
When it comes to bouncing back, the Denver metro area housing market has seen the greatest level of recovery, while the market in Bakersfield, Calif., has seen the weakest recovery.   According to new data from HSH.com that analyzes the... Read more