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2016’s Existing-Home Sales Hit 10-Year High
Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels, according to the National Association of Realtors (NAR... Read more
In a somewhat surprising Facebook message, Sen. Elizabeth Warren (D-MA) sought to explain to her constituents why she voted yesterday to approve the nomination of Dr. Ben Carson as the next Secretary of Housing and Urban Development
Most Mass. Voters Want Someone Other Than Warren in the Senate
Sen. Elizabeth Warren (D-MA) may be the most visible critic of President Donald Trump in the U.S. Senate, but most of her constituents believe it is time for someone else to represent them. According to a WBUR report, a new poll of... Read more
CFPB Penalizes Citi Companies on Servicing
In its first enforcement action under the new Trump Administration, the Consumer Financial Protection Bureau (CFPB) penalized CitiFinancial Servicing and CitiMortgage Inc. for what it described as “giving the runaround to struggling... Read more
Analysis: Did the Media Misreport the Trump FHA Action?
The Trump Administration was barely an hour old when its first action was set forth: The suspension of a January 9 decision by the Obama Administration in which the Federal Housing Administration (FHA) would reduce the annual premiums by... Read more
Potential Existing-Home Sales Take a Tumble
Potential existing-home sales decreased to a 5.8 million seasonally adjusted, annualized rate (SAAR) last month, according to data from First American Financial Corporation, while the market potential for existing-home sales grew by 2.9... Read more
Foreclosure Rates Continue to Decline
The total U.S. loan delinquency rate for December was 4.42 percent, down 0.91 percent from November and down 7.49 percent from one year earlier, according to new data from Black Knight Financial Services (BKFS). There were 59,700... Read more
Survey: More Optimism in South Florida Real Estate Market
Real estate professionals in the South Florida market are looking to 2017 with a greater sense of confidence. According to a Miami Herald report, a survey conducted by the law firm Berger Singerman determined that 53 percent of respondents... Read more
The Director of the Consumer Financial Protection Bureau (CFPB) took a thinly veiled shot at the Trump Administration
Political Fight Over Keeping Cordray Heats Up
The battle over whether Richard Cordray should remain as director of the Consumer Financial Protection Bureau (CFPB) or whether he should be fired by the new Trump Administration has intensified, with Cordray’s supporters and detractors... Read more
HUD Awards $10M in SHOP Grants
In one of his final acts as the nation’s housing policy chief, Department of Housing and Urban Development (HUD) Secretary Julián Castro awarded $10 million in so-called “sweat equity” grants to four non-profit self-help housing... Read more
Credit Suisse in $5.28B RMBS Settlement
The U.S. Department of Justice has announced a $5.28 billion settlement with Credit Suisse that will resolve charges related to the packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities (RMBS)... Read more