News Flash

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
Mortgage Applications Up 3.3 Percent
More people were seeking out home loans last week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.   The Market Composite Index was up 3.3 percent on a seasonally adjusted basis from one week earlier... Read more
ARMCO’s Mortgage QC Industry Trends Report Reveals Swings in Loan Defects
ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that it has released its ARMCO Mortgage QC Industry Trends report for the third quarter of 2016. Using the Fannie Mae loan... Read more
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REMN Wholesale Sponsors Webinar to Guide LOs Through Refi Boom
With the refinance boom rapidly coming to an end, many mortgage brokers and originators are quickly realizing they are not adequately prepared to make up for a potentially dramatic loss of business. To help industry colleagues avoid a... Read more
Guild Mortgage has launched the Guild Giving Foundation
Guild Mortgage Donation Enables Disabled Veterans to Walk Again
Guild Mortgage has launched the Guild Giving Foundation, a vehicle for administrating the company’s philanthropic and charitable giving initiatives in the communities it serves.   As its first major commitment, Guild donated $116,000 to... Read more
Attention, classic movie lovers: The Connecticut estate of four-time Academy Award-winner Katharine Hepburn is now on market for $11.8 million
Katharine Hepburn’s Estate for Sale at $11.8M
Attention, classic movie lovers: The Connecticut estate of four-time Academy Award-winner Katharine Hepburn is now on market for $11.8 million.   According to a Boston Globe report, the six-bedroom, 8,400-square-foot property, located on 1... Read more
Construction Executives Give Future Thumbs-Up
Construction industry executives are extremely optimistic on the state of their industry, according to the 2017 Construction Industry Forecast of contractors and equipment distributors released from Wells Fargo Equipment Finance.   The... Read more
January’s home prices increased by 6.9 percent on a year-over-year basis, according to new data from CoreLogic
Home Prices Surge While Negative Equity Shrinks
January’s home prices increased by 6.9 percent on a year-over-year basis, according to new data from CoreLogic. On a month-over-month basis, home prices were up 0.7 percent.   Among the states, Washington had the greatest year-over-year... Read more
The State With the Best Credit Condition Is …
When it comes to creditworthiness, some states have a more credit-responsible population that others.   According to a new survey by CardRatings.com, North Dakota has the best credit conditions among the 50 states, including the nation’s... Read more
PRMI Helps Preschoolers With Book Donation Drive
While there are more than 100 studies suggesting preschool benefits are real and persist into regular school years and beyond, only 48 percent of kids from low-income families start school ready to learn. Head Start, a program administered... Read more