News Flash

For the second time in three months, the Federal Reserve has announced a rate hike
Fed Hikes Rates Again
For the second time in three months, the Federal Reserve has announced a rate hike.   “In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 1-... Read more
One of the wealthiest communities in Connecticut is not interested in openly publicizing the availability of residential properties
Town Enacts Temporary Ban on “For Sale” Signs
One of the wealthiest communities in Connecticut is not interested in openly publicizing the availability of residential properties.   According to a Stamford Advocate report, the New Canaan Board of Realtors and the New Canaan Multiple... Read more
While Mick Mulvaney, the Acting Director of the Consumer Financial Protection Bureau (CFPB), is considering whether to take down the agency’s online database of consumer complaints against financial services companies, a former Ohio Attorney General is pr
Are More Changes Coming to the CFPB?
Two new reports are highlighting another round of changes impacting the Consumer Financial Protection Bureau (CFPB). According to a Bloomberg report, CFPB Acting Director Mick Mulvaney told a press conference yesterday that President... Read more
Since no one in Washington is talking up the concept of ending the conservatorship of the government-sponsored enterprises (GSEs)
FHFA Proposes Post-Conservatorship Capital Buffers for GSEs
Since no one in Washington is talking up the concept of ending the conservatorship of the government-sponsored enterprises (GSEs), the Federal Housing Finance Agency (FHFA) has stepped into that void with proposals on capital buffer... Read more
A new study by Zillow has found that vacation home markets have yet to recover the full value that they lost following the 2008 economic meltdown
Vacation Home Markets Struggle to Regain Value
A new study by Zillow has found that vacation home markets have yet to recover the full value that they lost following the 2008 economic meltdown.   On average, vacation home markets saw a greater spike in values during the housing bubble... Read more
Mortgage application activity resumed its downward direction in a survey from the Mortgage Bankers Association (MBA) for the week ending June 8
Fewer Mortgage Applications Last Week
Mortgage application activity resumed its downward direction in a survey from the Mortgage Bankers Association (MBA) for the week ending June 8.   The Market Composite Index fell by 1.5 percent on a seasonally adjusted basis from one week... Read more
Motto Franchising LLC is on a mission to end hunger in America, one bag of food at a time
Motto Mortgage Joins the Fight to End Hunger
Motto Franchising LLC is on a mission to end hunger in America, one bag of food at a time. The franchisor of Motto Mortgage has announced a program that aims to do just that, “Mission Against Hunger.”   “Mission Against Hunger is about... Read more
Millennials might soon be known by a new name: Generation HGTV
Survey Find Millennials Lead in Home Remodeling Efforts
Millennials might soon be known by a new name: Generation HGTV. According to a new survey by HomeAdvisor, this youthful demographic is more active in regard to home remodeling than any other generational group.   The new survey found that... Read more
The Securities and Exchange Commission (SEC) has reached a $15.7 million settlement with Merrill Lynch, Pierce, Fenner & Smith Inc.
Merrill Lynch Settles RMBS Charges for $15.7M
The Securities and Exchange Commission (SEC) has reached a $15.7 million settlement with Merrill Lynch, Pierce, Fenner & Smith Inc. that resolves charges that the company misled customers into overpaying for Residential Mortgage-Backed... Read more
Mortgage lenders reported a net negative profit margin outlook during the second quarter, according to Fannie Mae’s latest Mortgage Lender Sentiment Survey
Fannie Mae: Q2 Lender Sentiment Was Glum
Mortgage lenders reported a net negative profit margin outlook during the second quarter, according to Fannie Mae’s latest Mortgage Lender Sentiment Survey. This represents the seventh consecutive quarter when profit margins were down.  ... Read more