News Flash

First mortgage default rates remained unchanged between October and November
First mortgage default rates remained unchanged between October and November, while second mortgage default rates declined, according to data released by the S&P/Experian Consumer Credit Default Indices. The first mortgage default rate... Read more
The industry may not have been clamoring for another data index, but it has one: CoreLogic has introduced a quarterly report featuring a proprietary Housing Credit Index (HCI) designed to measures variations in home mortgage credit risk... Read more
Potential existing-home sales increased to a 6.1 million seasonally adjusted, annualized rate (SAAR) during November, according to First American Financial Corporation’s latest Potenial Home Sales report
Potential existing-home sales increased to a 6.1 million seasonally adjusted, annualized rate (SAAR) during November, according to First American Financial Corporation’s latest Potential Home Sales report. First American has determined... Read more
Dr. Ben Carson, the retired neurosurgeon nominated by President-Elect Trump to become the next Secretary of the U.S. Department of Housing & Urban Development (HUD)
The editorial board of The New York Times has aimed its wrath at Dr. Ben Carson, the Secretary-Designate of the Department of Housing and Urban Development (HUD) in President-Elect Donald Trump’s administration, accusing him of being... Read more
Sen. Harry Reid (D-NV) has looked into the future and does not see Sen. Elizabeth Warren (D-MA) as a viable candidate for the Democratic Party’s presidential nomination in 2020
Democrats in the U.S. Senate, under the leadership of Sen. Elizabeth Warren (D-MA), are attempting to plant the seeds of a digital grass-roots movement to prevent the confirmation of Steven Mnuchin to become the Secretary of the Treasury... Read more
A trio of real estate developers are being charged with coordinating an elaborate voter fraud scheme designed to help them push through a controversial residential property development in a small upstate New York village. According to a... Read more
There was bad news for SunTrust in the latest test results from the Office of the Monitor of the National Mortgage Settlement (NMS): The company failed one of its first quarter tests related to the collection of default-related fees
There was bad news for SunTrust in the latest test results from the Office of the Monitor of the National Mortgage Settlement (NMS): The company failed one of its first quarter tests related to the collection of default-related fees. In a... Read more
Housing starts took something of a tumble last month, according to new data from the U.S. Census Bureau and the U.S. Department of Housing & Urban Development (HUD)
Housing starts took something of a tumble last month, according to new data from the U.S. Census Bureau and the U.S. Department of Housing & Urban Development (HUD). Single-family housing starts in November were at a rate of 828,000; 4... Read more
There is no shortage of optimism in the home building industry: The latest the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) jumped seven points to 70, its highest level since July 2005
There is no shortage of optimism in the home building industry: The latest the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) jumped seven points to 70, its highest level since July 2005. All three HMI... Read more
Home prices took a 5.7 percent year-over-year spike in June, according to new data from CoreLogic
Average fixed mortgage rates are up for the seventh week in a row, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac. The 30-year fixed-rate mortgage (FRM) averaged 4.16 percent for the week ending Dec. 15, up... Read more

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