News Flash

The future of the Consumer Financial Protection Bureau (CFPB) took a surprise turn when a federal judge overturned a January ruling from a federal appeals court and declared the agency’s structure is unconstitutional
Federal Court Declares CFPB Structure Is Unconstitutional
The future of the Consumer Financial Protection Bureau (CFPB) took a surprise turn when a federal judge overturned a January ruling from a federal appeals court and declared the agency’s structure is unconstitutional.   The ruling came... Read more
With the 10th anniversary of the federal conservatorship of Fannie Mae and Freddie Mac approaching, the Trump Administration has addressed the future of the government-sponsored enterprises (GSESs) by recommending spinning them into private companies
Trump Administration Offers GSE Privatization Plan
With the 10th anniversary of the federal conservatorship of Fannie Mae and Freddie Mac approaching, the Trump Administration has addressed the future of the government-sponsored enterprises (GSESs) by recommending spinning them into... Read more
New York City-based Block66 is now offering a new blockchain platform of the same name that is designed to leave an audit trail for lenders, thus providing a more efficient and transparent way to shrink the likelihood of mortgage fraud
Fighting Mortgage Fraud With Blockchain Technology
There is a new tool in the war against mortgage fraud and it involves one of the hottest technologies on today’s market. New York City-based Block66 is now offering a new blockchain platform of the same name that is designed to leave an... Read more
The national median home price for April reached $243,000, according to the latest RE/MAX National Housing Report
Mortgage Rates Drop, Homebuyer Enthusiasm Rises
Mortgage rates were down for the third time in four weeks, but the rate seesaw is not having much impact on homebuyers who are eager to pursue the American Dream.   According to new data from Freddie Mac, the 30-year fixed-rate mortgage (... Read more
There was mixed news in the latest housing data, as new levels were being set in today’s housing market
Fewer Foreclosures, Less Affordable Housing
There was mixed news in the latest housing data, as new levels were being set in today’s housing market.   First, the good news. According to data from Black Knight Inc., last month saw 44,900 foreclosure starts—the second lowest monthly... Read more
The first mortgage default rate declined by two basis points from 0.68 percent in April to 0.66 percent in May
First Mortgage Default Rate Down
The first mortgage default rate declined by two basis points from 0.68 percent in April to 0.66 percent in May, according to the latest data from S&P/Experian Consumer Credit Default Indices.   The composite rate for consumer loan... Read more
California’s housing market set a new record for its median home price in May with $600,860, breaking an 11-year-old record peak price of $594,530, according to the California Association of Realtors (CAR)
California Median Home Price at New Peak
California’s housing market set a new record for its median home price in May with $600,860, breaking an 11-year-old record peak price of $594,530, according to the California Association of Realtors (CAR).   May’s statewide median price... Read more
Florida's housing market recorded an increased volume of sales and greater median prices, according to data released by Florida Realtors
More Sales, Higher Prices in Florida Housing Market
Florida's housing market recorded an increased volume of sales and greater median prices, according to data released by Florida Realtors.   Last month saw 28,071 single-family home sales, up 0.8 percent from one year earlier. Statewide... Read more
The housing wealth for homeowners ages 62 and older grew to $6.82 trillion during the first quarter of this year,
Senior Home Equity Hits New Peak
The housing wealth for homeowners ages 62 and older grew to $6.82 trillion during the first quarter of this year, increase of $177 billion over the fourth quarter of last year, according to the National Reverse Mortgage Lenders Association... Read more
NEXT Mortgage Events LLC has announced that startup tech firms ProxyPics and Zipwhip will debut their technology to the mortgage industry at the second biannual NEXT mortgage technology conference
Two Tech Startups to Debut at Upcoming NEXT Mortgage Conference
NEXT Mortgage Events LLC has announced that startup tech firms ProxyPics and Zipwhip will debut their technology to the mortgage industry at the second biannual NEXT mortgage technology conference, which takes place on June 21-22, 2018 at... Read more