News Flash

The Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 19 found the Market Composite Index up by 4.4 percent
Mortgage Applications, Home Prices on the Rise
The Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 19 found the Market Composite Index up by 4.4 percent on a seasonally adjusted basis and up three percent on an unadjusted basis. The seasonally... Read more
First-lien mortgage delinquencies saw a 12.93 percent spike from March to April
First-Lien Delinquencies See Greatest Monthly Upswing Since 2008
First-lien mortgage delinquencies saw a 12.93 percent spike from March to April, the largest monthly increase since November 2008, according to new data from Black Knight Financial Services. The total U.S. loan delinquency rate measured 4.... Read more
The Trump Administration has announced its proposed 2018 budget for the U.S. Department of Housing and Urban Development (HUD)
Trump Administration Releases 2018 HUD Budget Proposal
The Trump Administration has announced its proposed 2018 budget for the U.S. Department of Housing and Urban Development (HUD), which includes up to $400 billion in new loan guarantee authority and making changes to strengthen Federal... Read more
The Mortgage Bankers Association (MBA) joined the American Bankers Association (ABA) and the U.S. Chamber of Commerce in an amicus brief with the U.S. Supreme Court that supports a request by Wells Fargo Bank to review a Circuit Court of Appeals ruling re
MBA Joins Amicus Brief on Nevada HOA Case
The Mortgage Bankers Association (MBA) joined the American Bankers Association (ABA) and the U.S. Chamber of Commerce in an amicus brief with the U.S. Supreme Court that supports a request by Wells Fargo Bank to review a Circuit Court of... Read more
Two new data reports offer a somewhat dreary view of current and potential home sales
The Latest House Sales Data is Mostly Flat
Two new data reports offer a somewhat dreary view of current and potential home sales.   Sales of new single-family houses during April were at a seasonally adjusted annual rate of 569,000, according to estimates released by the U.S.... Read more
The tax reform plan outlined by the Trump Administration could raise taxes on many middle-income homeowners, according to a study commissioned by the National Association of Realtors (NAR) and prepared by PwC
NAR Gives Trump Tax Reform Plan a Thumbs-Down
The tax reform plan outlined by the Trump Administration could raise taxes on many middle-income homeowners, according to a study commissioned by the National Association of Realtors (NAR) and prepared by PwC.   The study, titled, "Impact... Read more
President Donald Trump has quietly put his 4.8-acre beachfront home on St. Martin in the U.S. Virgin Islands up for sale
President Trump Selling His St. Martin Mansion
President Donald Trump has quietly put his 4.8-acre beachfront home on St. Martin up for sale.   According to a Washington Post report, the property, dubbed Le Chateau des Palmiers, is an 11-bedroom, 12-bath estate that was purchased for... Read more
When it comes to apartment development construction, three states have dominated the national scene since 2010
New Apartment Boom Centered in Three States
When it comes to apartment development construction, three states have dominated the national scene since 2010.   According to new data released by RENTCafé, all of the markets in the company’s new top 10 list of apartment development were... Read more
New York Mortgage Expo
New York Mortgage Expo Comes to Long Island
Mortgage professionals from across the Tri-State area turned out in full force for the recent New York Mortgage Expo 2017. Featuring business-enhancing classes, education and a Trade Expo, the event brought to the Huntington Hilton two... Read more
When it comes to property taxes in commercial real estate world, New York City is the reigning champ
The Highest Commercial Property Taxes Are Found In …
When it comes to property taxes in commercial real estate world, New York City is the reigning champ. According to a new analysis released by COMMERCIALCafé, 19 of the 20 highest taxpaying buildings are found in the Big Apple.   Leading... Read more