News Flash

A group of more than 160 loan officers, managers, executives, and other company representatives from Academy Mortgage recently participated in Academy’s Service Expedition to South Africa
Academy Mortgage Team Heads to South Africa to Assist With Educational Needs
A group of more than 160 loan officers, managers, executives, and other company representatives from Academy Mortgage recently participated in Academy’s Service Expedition to South Africa. Each Academy attendee was invited to share the... Read more
Guild Mortgage’s Guild Giving Foundation, a non-profit created to expand community relations efforts across the country, recently hosted its inaugural Charity Golf and Dinner Social
Guild Mortgage Social Raises $170K-Plus for Three Charities
Guild Mortgage’s Guild Giving Foundation, a non-profit created to expand community relations efforts across the country, recently hosted its inaugural Charity Golf and Dinner Social, raising more than $174,000 for three local San Diego... Read more
Jerome Powell
Trump Reportedly Favoring Jerome Powell as Fed Chairman
President Donald Trump is reportedly going to pick Federal Reserve Governor Jerome Powell as the next chairman of the U.S. central bank, according to a Reuters report citing a "source familiar with the matter."   The 64-year-old Powell... Read more
The share of sales to first-time homebuyers fell this year to 34 percent, the lowest level since 1981, according to data released by the National Association of Realtors (NAR)
Fewer First-Time Homebuyers in the Market
The share of sales to first-time homebuyers fell this year to 34 percent, the lowest level since 1981, according to data released by the National Association of Realtors (NAR). Last year’s level was 35 percent, and the decline was... Read more
The nine-year-old federal conservatorship of the government-sponsored enterprises (GSEs) needs to come to an end sooner than later, according to a policy position issued by NAMB
NAMB Issues Policy Position on GSE Reform
The nine-year-old federal conservatorship of the government-sponsored enterprises (GSEs) needs to come to an end sooner than later, according to a policy position issued by NAMB.   NAMB President Fred Kreger, CMC has authored an eight-... Read more
Home Prices Hit Another New Peak
The seemingly nonstop ascension of U.S. home prices continued, albeit at a slower pace, according to the latest Black Knight Home Price Index (HPI) report.   The new HPI data covering August found home prices setting a new peak at $282,000... Read more
The U.S. Department of Justice has quietly revived negotiations with Barclays Plc to reach an out-of-court settlement
Barclays and Feds Reportedly in Talks on Settlement Deal
The U.S. Department of Justice has quietly revived negotiations with Barclays Plc to reach an out-of-court settlement regarding the London-based bank’s sale of problematic mortgage securities in the run-up to the Great Recession.  ... Read more
The latest “Emerging Trends in Real Estate” study put out annually by PwC and the Urban Land Institute is predicting that Seattle will be the hottest real estate market in 2018
The Hottest Real Estate Market for 2018 Is…
The latest “Emerging Trends in Real Estate” study put out annually by PwC and the Urban Land Institute is predicting that Seattle will be the hottest real estate market in 2018.   The new study is based on a survey of 1,600 property owners... Read more
Home prices were up by seven percent on a year-over-year measurement in September, according to new data from CoreLogi
Luxury Home Prices Rise While Inventory Dwindles
Luxury home prices were up by 4.9 percent year-over-year in the third quarter to an average of $1.71 million, according to the latest luxury market report from Redfin. In comparison, the average price for non-luxury homes was $336,000 in... Read more
The average price of a newly constructed single-family home that sold during the third quarter was $374,000
Average Q3 Price of Newly-Built Home is $374K
The average price of a newly constructed single-family home that sold during the third quarter was $374,000, according to new data from Redfin, which also found newly-built homes sold at an average premium of $87,000 in the third quarter... Read more