News Flash

Purchase lending during the second quarter reached its highest level since 2007 while the refinancing share of the market dropped to a 16-year low, according to new data from Black Knight Financial Services (BKFS)
Q2 Purchase Lending Hits 10-Year High
Purchase lending during the second quarter reached its highest level since 2007 while the refinancing share of the market dropped to a 16-year low, according to new data from Black Knight Financial Services (BKFS).   The second quarter saw... Read more
The National Flood Insurance Program (NFIP), which was set to expire on Sept. 30, was extended until Dec. 8
NFIP Extended Until Dec. 8
The National Flood Insurance Program (NFIP), which was set to expire on Sept. 30, was extended until Dec. 8 in a legislative package signed by President Trump on Friday afternoon that authorized $15 billion in emergency funding for... Read more
Nearly 8.5 million residential and commercial properties in Florida are at either "Extreme," "Very High" or "High" risk of wind damage from Hurricane Irma
CoreLogic: 8.5M Florida Properties Risk Irma Wind Damage
Nearly 8.5 million residential and commercial properties in Florida are at either "Extreme," "Very High" or "High" risk of wind damage from Hurricane Irma, according to a new forecast from CoreLogic, while nearly 3.5 million residential... Read more
An Ohio residence designed by legendary architect Frank Lloyd Wright is now on the market, albeit at a lower listing price
Frank Lloyd Wright-Designed Home Listed at Lower Price
An Ohio residence designed by legendary architect Frank Lloyd Wright is now on the market, albeit at a lower listing price.   According to a Realtor.com report, the Wright-designed home in Willoughby Hills, Ohio (a town of 9,400 that is... Read more
The devastation left behind by Hurricane Harvey could result in 300,000 new mortgage delinquencies, with 160,000 borrowers becoming 90 days or more past due
New Forecast: 300K Mortgage Delinquencies From Harvey
The devastation left behind by Hurricane Harvey could result in 300,000 new mortgage delinquencies, with 160,000 borrowers becoming 90 days or more past due, according to a new forecast from Black Knight Financial Services (BKFS).   This... Read more
cybesecurity
Equifax Reports Massive Cybersecurity Breach
Equifax Inc. announced a cybersecurity breach that could impact approximately 143 million U.S. consumers.   The Atlanta-based company stated that “criminals exploited a U.S. website application vulnerability to gain access to certain... Read more
An affordable housing complex in Brooklyn that is home to 15,000 people has been sold for approximately $850 million
Housing Complex With Trump Co-Ownership Sold for $850M
An affordable housing complex in Brooklyn that is home to 15,000 people has been sold for approximately $850 million—and the sale would turn a profit for President Trump, who owns a four-percent stake in the property.   According to a... Read more
Do you remember the other week when we reported that the 30-year fixed rate mortgage (FRM) had reached a 2017 low
30-Year Fixed Rate Mortgage Tumbles Even Lower
Do you remember the other week when we reported that the 30-year fixed rate mortgage (FRM) had reached a 2017 low? Well, we need to update ourselves: it reached a new 2017 low.   According to Freddie Mac, the 30-year fixed-rate mortgage (... Read more
More than two million loans were originated on one- to four-unit residential properties in the second quarter
Co-Borrowers Account for 23 Percent of Q2 Single-Family Home Purchases
More than two million loans were originated on one- to four-unit residential properties in the second quarter, up 27 percent from a three-year low in the first quarter but down 12 percent from one year earlier, according to new statistics... Read more
A coalition of more than 30 national and regional appraisal trade groups are calling on Congress to ensure the Federal Housing Finance Agency (FHFA) will not allow Freddie Mac and Fannie Mae to issue appraisal waivers
Appraisal Groups Seek to Stop GSE Appraisal Waivers
A coalition of more than 30 national and regional appraisal trade groups are calling on Congress to ensure the Federal Housing Finance Agency (FHFA) will not allow Freddie Mac and Fannie Mae to issue appraisal waivers.   In a letter to the... Read more