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Rep. Maxine Waters (D-CA) is previewing her expected chairmanship of the House Financial Services Committee by insisting that there will be no further deregulation of the financial services industry while she holds the committee’s reins
Waters Vows to Halt Deregulation
Rep. Maxine Waters (D-CA) is previewing her expected chairmanship of the House Financial Services Committee by insisting that there will be no further deregulation of the financial services industry while she holds the committee’s reins... Read more
A coalition of more than 20 financial and real estate trade organizations called on the U.S. Senate to confirm Kathy Kraninger as the next Director of the Consumer Financial Protection Bureau (CFPB)
Trade Groups Press for Kraninger Confirmation
A coalition of more than 20 financial and real estate trade organizations called on the U.S. Senate to confirm Kathy Kraninger as the next Director of the Consumer Financial Protection Bureau (CFPB). Kraninger was confirmed by the... Read more
If climate change continues at its current pace, approximately 386,000 U.S. homes in coastal metro areas are likely to be at risk of regular flooding by 2050, according to a report issued by Zillow and Climate Central
Report Predicts Climate Change Impact on Coastal Housing
If climate change continues at its current pace, approximately 386,000 U.S. homes in coastal metro areas are likely to be at risk of regular flooding by 2050, according to a report issued by Zillow and Climate Central.   The report also... Read more
Millennials are plunging ahead into homeownership, despite the growing expense contributed by rising interest rates, according to new data from Ellie Mae
Millennials Nonplussed by Rising Interest Rates
Millennials are plunging ahead into homeownership, despite the growing expense contributed by rising interest rates, according to new data from Ellie Mae.   During September, 89 percent of Millennial loan volume was for home purchases,... Read more
Israeli-paid search startup Natural Intelligence has announced its expansion into the U.S. Natural Intelligence is already one of Google’s top advertisers
New Study Examines Online Mortgage Buyer Behavior
Israeli-paid search startup Natural Intelligence has announced its expansion into the U.S. Natural Intelligence is already one of Google’s top advertisers.   The headquarters is in Tel Aviv and the expansion is due to the high growth of... Read more
Mortgage purchase and refinance activity took a tumble while the gap between appraisers and homeowners on property valuations continued to close a gap
Mortgage Apps Down, Valuation Opinions Align
Mortgage purchase and refinance activity took a tumble while the gap between appraisers and homeowners on property valuations continued to close a gap.   Mortgage applications decreased 3.2 percent from one week earlier, according to data... Read more
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