News Flash

Builder confidence in the single-family 55+ housing market took a 12-point dive in the first quarter of with a reading of 55
Builder Confidence Wanes in 55+ Housing
Builder confidence in the single-family 55+ housing market took a 12-point dive in the first quarter of with a reading of 55, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI). However, the NAHB... Read more
One of the most tragic locations in Los Angeles’ real estate market is now up for sale.  According to a Forbes report, the final home of film icon Marilyn Monroe is being listed for $6.9 million
Marilyn Monroe’s Final Home Listed at $6.9M
One of the most tragic locations in Los Angeles’ real estate market is now up for sale.   According to a Forbes report, the final home of film icon Marilyn Monroe is being listed for $6.9 million. Monroe purchased the home in the city’s... Read more
Nearly 5.5 million residential properties were seriously underwater during the first quarter
1.2M Fewer Underwater Homes From One Year Ago
Nearly 5.5 million residential properties were seriously underwater during the first quarter, up from the 5.4 million level in the fourth quarter of 2016 but lower than the 6.7 million level in the first quarter of 2016, according to new... Read more
Originations of commercial and multifamily mortgages were up by nine percent on a year-over-year basis during the first quarter
Commercial and Multifamily Mortgage Originations Up Nine Percent
Originations of commercial and multifamily mortgages were up by nine percent on a year-over-year basis during the first quarter, according to new data from the Mortgage Bankers Association’s (MBA). However, the first quarter’s origination... Read more
Mortgage Rates Flat, Credit Availability Slightly Down
Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) saw minimal movement for the week ending May 4.   The 30-year fixed-rate mortgage (FRM) averaged 4.02 percent, down from last week when it averaged 4.03 percent, and the 15-year... Read more
The House Financial Services Committee passed the Financial CHOICE Act (H.R. 10) in a 34-26 vote along party lines
House Committee Approves Financial CHOICE Act
The House Financial Services Committee passed the Financial CHOICE Act (H.R. 10) in a 34-26 vote along party lines.   The legislation is designed to put the Consumer Financial Protection Bureau (CFPB) under Congress’ oversight and add new... Read more
The old warning about not believing everything that you read on the Internet may have some value when it comes to mortgage loan officers’ online information
New Study Uncovers Errors in Loan Officer Web Pages
The old warning about not believing everything that you read on the Internet may have some value when it comes to mortgage loan officers’ online information.   According to a study of 5,849 loan officers’ online presence conducted by Yext... Read more
According to data from Ellie Mae, the typical Millennial homebuyer is a man just under the age of 30
What Type of Millennials Are Buying Homes?
What does the average Millennial look like? According to data from Ellie Mae, the typical Millennial homebuyer is a man just under the age of 30.   The latest report from the Ellie Mae Millennial Tracker concluded the average age of a... Read more
The Federal Reserve has decided that now is not the right time for another rate hike
The Fed Declines to Raise Rates
The Federal Reserve has decided that now is not the right time for another rate hike.   In a unanimous vote, the central bank’s Federal Open Market Committee (FOMC) stated that “economic conditions will evolve in a manner that will warrant... Read more
When it comes to ultra-ultra-luxury housing, the European principality of Monaco offers the world’s most expensive home prices, according to a report from the London-based brokerage Savills
The Most Expensive Home Prices Are Found In …
When it comes to ultra-ultra-luxury housing, the European principality of Monaco offers the world’s most expensive home prices, according to a report from the London-based brokerage Savills.   With a population of approximately 38,400, the... Read more