News Flash

The Money Source Inc. has announced the launch of its company-wide initiative to grow happiness, encouraging employees to give back to their local communities
TMS Gives Back to Local Communities Via Grow Happiness Campaign
The Money Source Inc. has announced the launch of its company-wide initiative to grow happiness, encouraging employees to give back to their local communities. Following the company’s massive brand announcement that challenged the industry... Read more
McLean Mortgage Corporation has underwritten nine college scholarships on behalf of the Scholarships For Eagles Program
McLean Mortgage Awards Nine Eagle Scouts Scholarships
McLean Mortgage Corporation has underwritten nine college scholarships on behalf of the Scholarships For Eagles Program, a local 501(c)3 non-profit providing college scholarships for Northern Virginia High School Seniors who have earned... Read more
Average fixed mortgage rates rising for the second consecutive week, according to new data from Freddie Mac
Mortgage Rates Are Up Again
Average fixed mortgage rates rising for the second consecutive week, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 4.04 percent for the week ending Jan. 18, up from last week when it averaged 3.99... Read more
Potential homebuyers are facing a housing market with 10 percent fewer homes to choose from than a year ago, according to new data from Zillow
Ten Percent Fewer Homes for Sale
Potential homebuyers are facing a housing market with 10 percent fewer homes to choose from than a year ago, according to new data from Zillow.   The number of homes for sale nationwide has declined on an annual basis for the past 35... Read more
In what could become the single biggest commercial real estate story of the year, e-commerce giant Amazon has announced a list of 20 metro areas that are under consideration for the location of its proposed second headquarters campus
Amazon Narrows List for Second HQ to 20 Metros
In what could become the single biggest commercial real estate story of the year, e-commerce giant Amazon has announced a list of 20 metro areas that are under consideration for the location of its proposed second headquarters campus. The... Read more
Last year closed with an uptick in refinance activity, according to new data released by Ellie Mae
Refinance Activity Up in December
Last year closed with an uptick in refinance activity, according to new data released by Ellie Mae.   In the final month of 2017, the percentage of refinances rose to 40 percent of all closed loans, up by one percent from November. The... Read more
Foreclosure filings were reported on 676,535 residential properties in 2017, down 27 percent from 2016
Foreclosure Activity in 2017 Hits 12-Year Low
Foreclosure filings were reported on 676,535 residential properties in 2017, down 27 percent from 2016. The properties with foreclosure filings represented 0.51 percent of all housing units, down from 0.70 percent in 2016. Last year’s... Read more
Single-family housing starts in December were at a rate of 836,000, according to new data from the U.S. Census Bureau and Department of Housing and Urban Development
Housing Starts Stall in December
Single-family housing starts in December were at a rate of 836,000, according to new data from the U.S. Census Bureau and Department of Housing and Urban Development. Last month’s figure was 11.8 percent below the revised November figure... Read more
The Consumer Financial Protection Bureau (CFPB) has announced plans to issue a series of series of Requests for Information (RFIs) seeking comment on enforcement, supervision, rulemaking, market monitoring, and education activities
CFPB to Seek Public Comment on Enforcement Issues
The Consumer Financial Protection Bureau (CFPB) has announced plans to issue a series of series of Requests for Information (RFIs) seeking comment on enforcement, supervision, rulemaking, market monitoring, and education activities.   The... Read more
NerdWallet has named New American Funding a two-time winner in its annual “Best-Of Awards Program,” which highlights the top financial companies and products nationwide for 2018
NerdWallet Recognizes New American Funding With Two Awards
NerdWallet has named New American Funding a two-time winner in its annual “Best-Of Awards Program,” which highlights the top financial companies and products nationwide for 2018. NerdWallet selected New American Funding as a Best Mortgage... Read more