News Flash

The national median rent fluctuated during the first half of this year, but it ended up exactly where it began: $1,016 for a one-bedroom, according to new data from ABODO
National Median Rent Unchanged in First Half of 2017
The national median rent fluctuated during the first half of this year, but it ended up exactly where it began: $1,016 for a one-bedroom, according to new data from ABODO.   Twenty-six states and the District of Columbia saw rental... Read more
House flipping may look fun and easy on HGTV, but it comes with more than a few strings attached
Maryland House Flipper Pleads Guilty to Tax Fraud
House flipping may look fun and easy on HGTV, but it comes with more than a few strings attached.   Case in point: David J. Simard pleaded guilty to one count of obstructing the lawful functions of the Internal Revenue Service (IRS) and... Read more
An attempt to rewrite Connecticut law to enable municipalities to qualify for moratoriums on appeals of local zoning denials for affordable housing developments was vetoed by the governor
Connecticut Governor Vetoes Rewrite of Affordable Housing Standards
An attempt to rewrite Connecticut law to enable municipalities to qualify for moratoriums on appeals of local zoning denials for affordable housing developments was vetoed by the governor.   Gov. Dannel P. Malloy rejected the legislation,... Read more
Loan Delinquencies Dip
Loan delinquency levels are mostly on the decline, according to new data released by CoreLogic.   In an analysis of the national housing market during April, CoreLogic determined that 4.8 percent of mortgages were in some stage of... Read more
Two of Silicon Valley’s most powerful companies are placing a new focus on providing affordable housing options in one of the nation’s most expensive housing markets
Facebook and Google Address Affordable Housing Concerns
Two of Silicon Valley’s most powerful companies are placing a new focus on providing affordable housing options in one of the nation’s most expensive housing markets.   According to a CNBC report, Facebook plans to create a new community... Read more
The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would alter the reporting requirements for banks and credit unions that issue home equity lines of credit (HELOCs)
CFPB Rolls Out New Arbitration Rule
The Consumer Financial Protection Bureau (CFPB) has issued a new rule that bans companies from using mandatory arbitration clauses that are used to deny groups access to the legal process.   In announcing its rule, the CFPB insisted that... Read more
Dale L. Dykema, the Founder and longtime Chief Executive of Orange, Calif.-based T.D. Service Financial, passed away on July 4 at the age of 87 following a battle with prostate cancer
Dale L. Dykema, Mortgage Tech Leader, Dies at 87
Dale L. Dykema, the Founder and longtime Chief Executive of Orange, Calif.-based T.D. Service Financial, passed away on July 4 at the age of 87 following a battle with prostate cancer.   According to an Orange County Register report,... Read more
The curious wording of classified advertisements is prompting suspicion that Sen. Elizabeth Warren (D-MA), one of the financial services industry’s most vocal critics, is creating an organization for a 2020 presidential bid
Is Elizabeth Warren Running for President?
The curious wording of classified advertisements is prompting suspicion that Sen. Elizabeth Warren (D-MA), one of the financial services industry’s most vocal critics, is creating an organization for a 2020 presidential bid.   According to... Read more
Construction employment increased by 16,000 jobs in June to the highest level since October 2008, according to an analysis of new government data by the Associated General Contractors of America
Construction Employment at Nine-Year High
Construction employment increased by 16,000 jobs in June to the highest level since October 2008, according to an analysis of new government data by the Associated General Contractors of America.   Association officials urged federal,... Read more
For the first time in 11 years, the number of underwater borrowers fell below the two million mark, according to new data from Black Knight Financial Services (BKFS)
Underwater Borrower Level Drops Below 2M Mark
For the first time in 11 years, the number of underwater borrowers fell below the two million mark, according to new data from Black Knight Financial Services (BKFS).   During the first quarter, the number of underwater borrowers declined... Read more