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Home prices were up by seven percent on a year-over-year measurement in September, according to new data from CoreLogi
Home Prices Up Again Amid Overvalued Metro Housing Markets
Home prices were up by seven percent on a year-over-year measurement in September, according to new data from CoreLogic. On a month-over-month basis, September’s home prices were up by 0.9 percent from August.   Looking ahead, CoreLogic is... Read more
Los Angeles Mayor Eric Garcetti has announced that his city is building more new homes, but nowhere near as many affordably-priced residences to address the local affordable housing crisis
L.A. Mayor: More Needed to Fix Affordable Housing Shortage
Los Angeles Mayor Eric Garcetti has announced that his city is building more new homes, but nowhere near as many affordably-priced residences to address the local affordable housing crisis.   According to a KPCC report, Garcetti used a... Read more
The Director of the Consumer Financial Protection Bureau (CFPB) was cleared by a federal watchdog agency of potential violations of the Hatch Act for using his office to potentially position himself as a candidate for the 2018 Democratic nomination to bec
Cordray Quietly Cleared of Potential Hatch Act Violation
The Director of the Consumer Financial Protection Bureau (CFPB) was cleared by a federal watchdog agency of potential violations of the Hatch Act for using his office to potentially position himself as a candidate for the 2018 Democratic... Read more
New York Federal Reserve Bank President William Dudley will retire in mid-2018, ahead of the January 2019 conclusion of his terms
NY Fed Chief Dudley to Retire Early
New York Federal Reserve Bank President William Dudley will retire in mid-2018, ahead of the January 2019 conclusion of his terms.   CNBC is reporting that the 64-year-old Dudley privately informed colleagues of his plans, adding that his... Read more
Existing-home sales will finish 2017 at a pace of 5.47 million, the best volume in 11 years, but only a scant 0.4 percent higher than last year’s 5.45 million, according to data from the National Association of Realtors (NAR
NAR Forecasts Modest Increase in Existing-Home Sales for 2018
Existing-home sales will finish 2017 at a pace of 5.47 million, the best volume in 11 years, but only a scant 0.4 percent higher than last year’s 5.45 million, according to data from the National Association of Realtors (NAR). In 2018, NAR... Read more
Builder confidence in the single-family 55+ housing market frayed in the third quarter, according to the National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI)
Builder Confidence in 55+ Housing Down in Q3
Builder confidence in the single-family 55+ housing market frayed in the third quarter, according to the National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI).   The latest HMI reading for this sector came in at 59,... Read more
Fannie Mae announced that it recorded $3 billion net income in the third quarter, a drop from the $3.2 billion net income earned in the second quarter
Fannie Mae Records $3B in Q3 Net Income
Fannie Mae announced that it recorded $3 billion net income in the third quarter, a drop from the $3.2 billion net income earned in the second quarter. The government-sponsored enterprise (GSE) stated the decline was primarily caused by... Read more
The housing and mortgage industry has seen the House Republicans’ tax reform plan, and no one is popping champagne bottles—although some aspirin or antacid bottles might be opened
GOP Tax Plan Met With Caution and Concern
The housing and mortgage industry has seen the House Republicans’ tax reform plan, and no one is popping champagne bottles—although some aspirin or antacid bottles might be opened.   David H. Stevens, President and CEO of the Mortgage... Read more
MISMO, the Mortgage Industry Standards Maintenance Organization, is revising the licenses required to use MISMO standards and collateral
MISMO Announces New Licenses for Standards and Collateral
MISMO, the Mortgage Industry Standards Maintenance Organization, is revising the licenses required to use MISMO standards and collateral. The new licenses, effective for standards and collateral issued after Dec. 31, 2017, cover the terms... Read more
President Donald Trump has nominated Federal Reserve Governor Jerome Powell as the next Chairman of the U.S. central bank
Jerome Powell Nominated as Next Fed Chairman
President Donald Trump has nominated Federal Reserve Governor Jerome Powell as the next Chairman of the U.S. central bank.   Speaking this afternoon in a press conference, the President declared, “There are few more important positions... Read more