News Flash

NAMB to Re-Introduce Lending Integrity Seal of Approval
NAMB—The Association of Mortgage Professionals has re-launched its Lending Integrity Seal of Approval. The Seal is designed to help consumers identify individual mortgage professionals and their mortgage loan originator associates who meet... Read more
Dr. Ben Carson, the new Secretary of Housing & Urban Development (HUD) and the sole African-American in President Trump’s cabinet
Black Celebrities Pounce on Carson's "Immigrants" Comment
Dr. Ben Carson, the new Secretary of Housing & Urban Development (HUD) and the sole African-American in President Trump’s cabinet, is on the receiving end of ridicule and calls for his resignation from several prominent black... Read more
Homeowners with mortgages saw their equity increase by a total of $783 billion in 2016
Positive Equity in Homes Up 11.7 Percent
Homeowners with mortgages saw their equity increase by a total of $783 billion in 2016, a year-over-year increase of 11.7 percent, while more than one million borrowers moved out of negative equity, increasing the percentage of homeowners... Read more
Home flipping is back with a vengeance
Home Flipping Soars to 10-Year High
Home flipping is back with a vengeance, according to ATTOM Data Solutions’ 2016 Year-End U.S. Home Flipping Report, which found 193,009 single-family homes and condos were flipped last year, up 3.1 percent from 2015 to the highest level... Read more
Average 30-year fixed mortgage rates reached their highest mark for the year to date, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending March 9
Mortgage Rates Hit 2017 Peak
Average 30-year fixed mortgage rates reached their highest mark for the year to date, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending March 9.   The 30-year fixed-rate mortgage (FRM) averaged 4.21... Read more
When it comes to the mortgage application process, it appears that most homeowners prefer to fill out their paperwork in person rather than online
Survey Finds Mortgage Applicants Prefer In-Person Interactions
When it comes to the mortgage application process, it appears that most homeowners prefer to fill out their paperwork in person rather than online.   According to the newly released 2017 Borrower Insights Survey from Ellie Mae, 57 percent... Read more
U.S. consumers generated $60.4 billion in credit card debt during the fourth quarter of 2016
Credit Card Debt Up Dramatically in Q4 2016
U.S. consumers generated $60.4 billion in credit card debt during the fourth quarter of 2016, according to new data released by WalletHub. This represents the largest fourth-quarter debt increase since 2007 and the third-largest in the... Read more
A new bipartisan attempt to expand the flood insurance market has been introduced in the Congress
Legislation Seeks to Broaden Private Flood Insurance Market
A new bipartisan attempt to expand the flood insurance market has been introduced in the Congress.   Reps. Dennis A. Ross (R-FL) and Kathy Castor (D-FL) presented the Flood Insurance Market Parity and Modernization Act for consideration in... Read more
The Fannie Mae Home Purchase Sentiment Index (HPSI) reached an all-time high last month when it increased by 5.6 percentage points from January to an 88.3 level
Fannie Mae: Homebuyer Sentiment at Record High
The Fannie Mae Home Purchase Sentiment Index (HPSI) reached an all-time high last month when it increased by 5.6 percentage points from January to an 88.3 level. The HPSI also increased on a year-over-year basis by 5.6 percent. Five of the... Read more
The continued evaporation of affordable housing opportunities was highlighted in a new report published by the National Low Income Housing Coalition (NLIHC)
New Report Details Affordable Housing Voids
The continued evaporation of affordable housing opportunities was highlighted in a new report published by the National Low Income Housing Coalition (NLIHC).   According to “The GAP: A Shortage of Affordable Homes,” there is a shortage of... Read more