News Flash

New data released by the Mortgage Bankers Association (MBA) has determined that independent mortgage banks and mortgage subsidiaries of chartered banks enjoyed a net gain of $1,122 on each loan they originated in the second quarter
Independent Mortgage Banks Recorded a Profitable Second Quarter
New data released by the Mortgage Bankers Association (MBA) has determined that independent mortgage banks and mortgage subsidiaries of chartered banks enjoyed a net gain of $1,122 on each loan they originated in the second quarter, a... Read more
United Wholesale Mortgage (UWM) has announced that it has contributed an additional $100,000 to the KickStart program being run by NAMB—The Association of Mortgage Professional
UWM Commits Additional Funding to NAMB’s KickStart Program
United Wholesale Mortgage (UWM) has announced that it has contributed an additional $100,000 to the KickStart program being run by NAMB—The Association of Mortgage Professionals. The move is sparked by UWM’s desire to continue supporting... Read more
The mortgage industry will soon have its first technology-focused trade conference aimed at women executives
New Tech Conference Aimed at Women Mortgage Professionals
The mortgage industry will soon have its first technology-focused trade conference aimed at women executives.   NEXT Mortgage Events LLC will host the tech-centric conference for women mortgage professionals on Jan. 18-19 at the Dallas... Read more
Opus Capital Markets Consultants LLC, a wholly-owned subsidiary of Wipro Ltd., has announced the addition of Bruce Legan
Deal Reached on California Housing Bond Bill
California’s evaporating affordable housing environment was the focus of an agreement between Gov. Jerry Brown and legislative leaders on a $4 billion bond that would fund low-income housing developments and subsidize residential mortgages... Read more
A coalition of housing and mortgage trade associations has called on the Federal Housing Finance Agency (FHFA) to expand use of alternative credit scoring models at Fannie Mae and Freddie Mac
Industry Groups Press FHFA on Alternative Credit Scoring
A coalition of housing and mortgage trade associations has called on the Federal Housing Finance Agency (FHFA) to expand use of alternative credit scoring models at Fannie Mae and Freddie Mac.   In their appeal to the FHFA, the trade... Read more
Real house prices in June fell by 1.3 percent from May but increased by 9.3 percent year-over-year, according to new data from First American Financial Corp.’s Real House Price Index
First American: Real House Prices Down 1.3 Percent in June
Real house prices in June fell by 1.3 percent from May but increased by 9.3 percent year-over-year, according to new data from First American Financial Corp.’s Real House Price Index.   First American also reported consumer house buying... Read more
Home prices during July rose 0.9 percent from June and were up 6.7 percent from July 2016, according to new data from CoreLogic
Another Day, Another Record High Home Price Index
Yes, it happened again—another home price index has hit a new high. In this case, the S&P CoreLogic Case-Shiller National Home Price Index reported a 5.8 percent annual gain in June, up from 5.7 percent in May.   The 10-City Composite... Read more
The U.S. Department of Housing & Urban Development (HUD) has announced its plans to provide support to Texas homeowners and low-income renters who were forced to evacuate their homes due to the storms related to Hurricane Harvey
HUD Announces Disaster Assistance Plans for Texas
The U.S. Department of Housing & Urban Development (HUD) has announced its plans to provide support to Texas homeowners and low-income renters who were forced to evacuate their homes due to the storms related to Hurricane Harvey.   HUD... Read more
In what has become the least surprising news of the year, home prices have reached another peak
Guess What? Home Prices Hit Another New High
In what has become the least surprising news of the year, home prices have reached another peak.   According to a new Home Price Index report released by Black Knight Financial Services, home prices were up 0.9 percent in June from the... Read more
While the Houston area continues to deal with the unprecedented flooding brought about by Hurricane Harvey
Most Higher Risk Houston Properties Outside of Designated Flood Zones
While the Houston area continues to deal with the unprecedented flooding brought about by Hurricane Harvey, a new data analysis from CoreLogic has identified a significant problem regarding the properties at the great risk of destruction... Read more