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Report Claims Deporting Illegal Immigrants Will Damage Housing
Efforts by the Trump Administration to deport illegal immigrants from Latin America would have a damaging impact on the U.S. housing industry, according to the annual State of Hispanic Homeownership Report issued by the Hispanic Wealth... Read more
Most older homeowners are reluctant to tap into their home equity as a means of strengthening their financial retirement
Survey: Older Homeowners Still Uncertain on Tapping Home Equity
Most older homeowners are reluctant to tap into their home equity as a means of strengthening their financial retirement, according to new research released the National Council on Aging (NCOA) through its subsidiary NCOA Services LLC.  ... Read more
After settling with the State of California Department of Business Oversight last month
Progress at Ocwen Continues: Settlement With NY DFS Terminates Independent Monitor
After settling with the State of California Department of Business Oversight last month, Ocwen Financial Corporation and, its subsidiary, Ocwen Loan Servicing LLC, announced in an 8-K filing that it has entered into a 2017 Consent Order... Read more
Now here is something that you don’t see every day: The house flipping of the childhood residence of a U.S. president
Trump Boyhood Home Flipped for 50 Percent Profit
Now here is something that you don’t see every day: The house flipping of the childhood residence of a U.S. president.   According to The New York Post, real estate investor Michael Davis purchased President Donald Trump’s childhood home... Read more
An influx of new residents into the South Florida market is being balanced with an exodus of longtime residents who can no longer afford to live in this area
Is South Florida Too Expensive for Longtime Locals?
An influx of new residents into the South Florida market is being balanced with an exodus of longtime residents who can no longer afford to live in this area, according to a Florida International University (FIU) study of recent U.S.... Read more
Mortgage Bankers Association Chairman Rodrigo Lopez challenged his peers to harness technology in a manner that will help enhance the customer experience while solidifying the homeownership environment
MBA Chairman Challenges Industry on “Transformational Technology”
Mortgage Bankers Association Chairman Rodrigo Lopez challenged his peers to harness technology in a manner that will help enhance the customer experience while solidifying the homeownership environment.   In a speech delivered yesterday... Read more
Home prices continue to soar, as the main index within the S&P CoreLogic Case-Shiller Indices has reached a new apex
S&P CoreLogic Case-Shiller National Index at 31-Month Peak
Home prices continue to soar, as the main index within the S&P CoreLogic Case-Shiller Indices has reached a new apex.   The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions,... Read more
China's largest real estate developers have belatedly joined the effort to address climate change and pollution by creating a green index to manage their cement, steel and iron suppliers
Chinese Developers Create Index to Fight Environmental Abuse
China's largest real estate developers have belatedly joined the effort to address climate change and pollution by creating a green index to manage their cement, steel and iron suppliers.   According to a Reuters report, The Real Estate... Read more
The U.S. Department of Justice has announced updates on a pair of high-profile cases tied to housing-related crimes
NY Mortgage Banker Jailed, Georgia Investor Pleads Guilty
The U.S. Department of Justice has announced updates on a pair of high-profile cases tied to housing-related crimes.   Aaron Wider, the former owner and CEO the mortgage bank HTFC Corp. in Garden City, N.Y., was sentenced by a U.S.... Read more
The Consumer Financial Protection Bureau (CFPB) charged the credit reporting agency Experian and its subsidiaries for “deceiving consumers”
CFPB Proposes Amending Regulation B
The Consumer Financial Protection Bureau (CFPB) has released a proposal to amend Regulation B, stating that it seeks to “provide additional flexibility for mortgage lenders concerning the collection of consumer demographic information.”  ... Read more