News Flash Articles

Fitch Names Texas as Most Overvalued Housing Market

Texas is the nation’s most overvalued housing market, according to the latest U.S. Sustainable Home Price report issued by Fitch Ratings. However, the report warns that the Lone Star State may not be able to maintain its momentum.

BofA Analyst Credits Falling Oil Prices for Lower Mortgage Rates

The precipitous drop in global oil prices has created a domino effect that led to a new decline in lower mortgage rates, according to a report by Chris Flanagan, a mortgage rate specialist at Bank of America Merrill Lynch.

White House Now Regrets Dodd-Frank Reversal

Although President Barack Obama signed into law the so-called “Cromnibus” spending bill that included the repeal of part of the Dodd-Frank Act, the White House is now insisting that it was opposed to this change and will not allow for further reversals to the Dodd-

Senators Call on HUD to Lower Fees on FHA Loans

U.S. Sen. Barbara Boxer (D-CA) and 17 colleagues have authored a letter to U.S.

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Fitch Gives REITs Thumbs Up for 2015

Next year promises to be a strong year for the real estate investment trust (REIT) sector, according to a report issued by

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Countrywide Whistle-Blower to Get $57 Million

A former executive at Countrywide Financial Corporation is going to receive $57 million for his role in a

Fixed-Rates Hit 2014 Low of 3.80 Percent

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates dropping to new lows in 2014, as 10-year Treasury yields closed at their lowest level since May 2013.

Watch Out Santa … for America’s Naughtiest Cities!

Yes, kids, it’s that time of year when a certain overweight old guy in a red suit drives a reindeer-fueled sled through the skies. And while the beloved Mr.

Senate Approves Mortgage Deduction and Debt Relief

The U.S. Senate has passed S. 2260, a bill that covers a deduction for mortgage interest premiums and mortgage debt relief.

HOPE NOW Reports 39,000 Permanent Loan Mods Granted in October

HOPE NOW has released its October 2014 loan modification data, finding that an estimated 39,000 homeowners received permanent, affordable loan modifications from mortgage servicers during the month.

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