Mortage News

After weeks of silence on the question of the future of the Consumer Financial Protection Bureau (CFPB)
Trump Supports Effort to Reconfigure CFPB Leadership
After weeks of silence on the question of the future of the Consumer Financial Protection Bureau (CFPB), the Trump Administration has come out in favor of the concept of the agency but opposed to its set-up of a single director who does... Read more
Federal Reserve Bank of Minneapolis President and CEO Neel Kashkari defended his status as the lone member of the central bank’s Federal Open Market Committee (FOMC) to vote against an interest rate hike in a 13-page essay
Minneapolis Fed Chief Defends Dissent on Rate Hike
Federal Reserve Bank of Minneapolis President and CEO Neel Kashkari defended his status as the lone member of the central bank’s Federal Open Market Committee (FOMC) to vote against an interest rate hike in a 13-page essay that challenged... Read more
LoanLogics has announced that veteran mortgage credit executive Elliot Salzman has joined the company in the role of chief credit officer
Elliot Salzman Named Chief Credit Officer for LoanLogics
LoanLogics has announced that veteran mortgage credit executive Elliot Salzman has joined the company in the role of chief credit officer, where he will be responsible for enhancing and overseeing the credit policy functions of the... Read more
Movement Mortgage has hired Michelle Donnelly as its first chief commercial officer
Movement Mortgage Hires Michelle Donnelly as Chief Commercial Officer
Movement Mortgage has hired Michelle Donnelly as its first chief commercial officer. Donnelly, a Harvard Business School alum, will report to Chief Executive Casey Crawford and be responsible for helping the company achieve its business... Read more
Ireland
13 Percent of Irish Housing Stock is Vacant
While St. Patrick is celebrated for driving the snakes out of Ireland, he might have been perplexed at fixing the nation’s current housing crisis: driving people into empty residences.   According to a report from the Irish news site... Read more
Carson Assures Housing Support Despite Proposed Cuts
Although the Trump Administration’s new budget blueprint calls for $6.2 billion in cuts to the Department of Housing and Urban Development (HUD) operating costs, the new housing chief is stating that this should not be seen as the end of... Read more
Pittsburgh Waterfront Pic/Credit: SeanPavonePhoto
The Homebuying Millennials Are Coming…To Pittsburgh!
When it comes to Millennials seeking homeownership, Pittsburgh is the hottest market for this young property buyers.   According to a new study by LendingTree, Pittsburgh topped the list of major markets where Millennials are looking to... Read more
HOPE NOW Reports 29,000 Loan Mods for January
An estimated 29,000 homeowners received permanent loan modifications from mortgage servicers during January, according to new data from HOPE NOW, with 20,000 solutions coming from proprietary programs and the remainder from the federal... Read more
Median Home Sales Prices Hit New Peak
Despite a slight drop in home sales last month, home prices in February home prices reached a new peak, according to the latest RE/MAX National Housing Report that surveys 53 metro areas.   February’s median sales price of $212,000 was up... Read more
The latest piece of congressional legislation seeking to reconfigure the Consumer Financial Protection Bureau (CFPB) was introduced by Sen. Rob Portman (R-OH)
New Bill Seeks to Create CFPB Inspector General
The latest piece of congressional legislation seeking to reconfigure the Consumer Financial Protection Bureau (CFPB) was introduced by Sen. Rob Portman (R-OH), who is seeking to create a new dedicated, Senate-confirmed Inspector General (... Read more