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Mortgage Equity Partners (MEP) staffers recently joined with industry colleagues from Rebuilding Together Boston and the Massachusetts Mortgage Bankers Association to rebuild the home of a 77-year-old widow of a disabled veteran in the Dorchester section
MEP Assists in Home Improvements for Disabled Widow of Veteran
Mortgage Equity Partners (MEP) staffers recently joined with industry colleagues from Rebuilding Together Boston and the Massachusetts Mortgage Bankers Association to rebuild the home of a 77-year-old widow of a disabled veteran in the... Read more
Four percent of mortgages were in some stage of delinquency during August, according to new data from CoreLogic
Mortgage Delinquency Rate Remains at 12-Year Low
Four percent of mortgages were in some stage of delinquency during August, according to new data from CoreLogic. This represents a 0.6 percentage point decline from August 2017, when the rate was 4.6 percent.   The foreclosure inventory... Read more
A new data analysis from CoreLogic has determined that 48,390 homes with a total reconstruction cost value (RCV) of approximately $18 billion are at high or extreme risk of wildfire damage from ongoing fires in California
Nearly 48K Homes at High Risk in California Fires
A new data analysis from CoreLogic has determined that 48,390 homes with a total reconstruction cost value (RCV) of approximately $18 billion are at high or extreme risk of wildfire damage from ongoing fires in California.   CoreLogic... Read more
Amazon Selects NYC and Northern Virginia for New HQs
Amazon has announced that it will divide the new headquarters between New York City and Arlington, Va. The two locations will join Seattle as the company’s three North American headquarters.   The New York location will be in Long Island... Read more
FTC Targets Central American Real Estate Investment Scheme
    A federal district court, acting on behalf of a request filed by the U.S. Federal Trade Commission (FTC), has issued an order temporarily shutting down an overseas real estate investment endeavor that the FTC claimed was the largest... Read more
Nearly $450 billion was spent on roughly 113 home improvement projects between 2015 and 2017, according to a NerdWallet analysis of U.S. Census Bureau data from the American Housing Survey
More Than $450B Spent on Home Improvement Projects
Nearly $450 billion was spent on roughly 113 home improvement projects between 2015 and 2017, according to a NerdWallet analysis of U.S. Census Bureau data from the American Housing Survey.   NerdWallet also reported that 72 percent of... Read more
Swiss-based bank UBS’ announcement that the Department of Justice (DOJ) was preparing a civil action related to 40 residential mortgage-backed securities (RMBS) deals from 2006 through 2007 came to fruition sooner than later
DOJ Hits UBS with Lawsuit Over Pre-Crisis RMBS Sales
Swiss-based bank UBS’ announcement that the Department of Justice (DOJ) was preparing a civil action related to 40 residential mortgage-backed securities (RMBS) deals from 2006 through 2007 came to fruition sooner than later.   The DOJ... Read more
Housing affordability opportunities hit during the third quarter that has not been seen since 2008, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index
NAHB: Housing Affordability at 10-Year Low
Housing affordability opportunities hit during the third quarter that has not been seen since 2008, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index.   The new index report determined that... Read more
With Rep. Maxine Waters (D-CA) poised to take the chairmanship of the Financial Services Committee when the Democrats regain control of the House of Representatives, Rep. Patrick McHenry (R-NC) is seeking to become the committee’s ranking member
McHenry Seeks Ranking Member Spot on Financial Services Committee
With Rep. Maxine Waters (D-CA) poised to take the chairmanship of the Financial Services Committee when the Democrats regain control of the House of Representatives, Rep. Patrick McHenry (R-NC) is seeking to become the committee’s ranking... Read more
The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) released new loan-level dataset collected through the National Survey of Mortgage Originations (NSMO)
FHFA and CFPB Issue Mortgage Originations Dataset
The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) released new loan-level dataset collected through the National Survey of Mortgage Originations (NSMO) that is designed to offer that insight on... Read more