News Flash

Forty-four employees and friends from nine offices of Mortgage Network Inc. participated in the recent Run for the Troops 5K in downtown Andover, Mass., that will help build a new custom home for a wounded Connecticut soldier
Mortgage Network Raises Funds in Run for the Troops 5K
Forty-four employees and friends from nine offices of Mortgage Network Inc. participated in the recent Run for the Troops 5K in downtown Andover, Mass., that will help build a new custom home for a wounded Connecticut soldier.   Proceeds... Read more
The Trump Administration seems to have made an impact on the luxury housing in the Washington, D.C., area
Trump Officials Boost D.C. Luxury Housing Market
The Trump Administration seems to have made an impact on the luxury housing in the Washington, D.C., area. According to a new survey from Redfin, the average price for a luxury home in this market during the first quarter increased by 32.6... Read more
The median rent price for a one-bedroom unit in April was $1,012 per month, according to new data from Abodo
Scant Median Rent Price Increase in April
The median rent price for a one-bedroom unit in April was $1,012 per month, according to new data from Abodo. That is a mere $7.00 higher than the March median price of $1,005.   The greatest rent decreases were recorded in Lincoln, Neb.,... Read more
The U.S. Supreme Court issued a 5-3 ruling that said cities can sue financial institutions for predatory lending practices aimed at non-white borrowers that result in foreclosures, declines in property taxes and dips in property values
Supreme Court: Cities Can Sue Lenders on Predatory Lending
The U.S. Supreme Court issued a 5-3 ruling that said cities can sue financial institutions for predatory lending practices aimed at non-white borrowers that result in foreclosures, declines in property taxes and dips in property values.  ... Read more
The head of the nation’s leading mortgage industry trade group warned that the status quo regarding the government-sponsored enterprises (GSEs) cannot be accommodated any longer. David H. Stevens
MBA’s Stevens Issues Challenge on GSE Reform
The head of the nation’s leading mortgage industry trade group warned that the status quo regarding the government-sponsored enterprises (GSEs) cannot be accommodated any longer. David H. Stevens, president and CEO of the Mortgage Bankers... Read more
The delinquency rate for commercial real estate loans in commercial mortgage-backed securities (CMBS) reached 5.52 percent in April, according to new data from Trepp LLC
CMBS Delinquency Rate Up in April
The delinquency rate for commercial real estate loans in commercial mortgage-backed securities (CMBS) reached 5.52 percent in April, according to new data from Trepp LLC. This marks an increase of 15 basis points (bps) from March and a 129... Read more
More than 1.5 million home equity lines of credit (HELOCs) will see interest-only draw periods end this year, with payments becoming fully amortizing, according to new data from Black Knight Financial Services (BKFS)
1.5M HELOCs to See Conclusion of Interest-Only Draw Periods
More than 1.5 million home equity lines of credit (HELOCs) will see interest-only draw periods end this year, with payments becoming fully amortizing, according to new data from Black Knight Financial Services (BKFS). This roughly 100,000... Read more
Construction spending during March was estimated at a seasonally adjusted annual rate of $1,218.3 billion
Construction Spending Down Slightly in March
Construction spending during March was estimated at a seasonally adjusted annual rate of $1,218.3 billion, a scant 0.2 percent below the revised record-setting February estimate of $1,220.7 billion, according to new data from the U.S.... Read more
In recognition of Financial Literacy Month and as part of its commitment to financial health and education, Churchill Mortgage is providing four high schools with Ramsey Solutions’ Foundations in Personal Finance
Churchill Mortgage Provides High Schoolers With Personal Financial Management Curriculum
In recognition of Financial Literacy Month and as part of its commitment to financial health and education, Churchill Mortgage is providing four high schools with Ramsey Solutions’ Foundations in Personal Finance, a full curriculum that... Read more
Timothy C. Sullivan, executive director of MassHousing; James Comosa, president of Mortgage Network; Maureen Elliott, NE regional manager for Mortgage Network; and Karen E. Kelleher, deputy director for MassHousing
Mortgage Network Honored by MassHousing
Mortgage Network Inc. has been honored by the Massachusetts Housing Finance Agency (MassHousing) for its commitment to providing affordable financing options to qualified first-time and low- and moderate-income borrowers. Pictured above... Read more