News Flash

Refinances accounted for 15 percent of all closed loans for Millennial borrowers during December
Millennials Give More Focus to Refinancing
Refinances accounted for 15 percent of all closed loans for Millennial borrowers during December, according to new data from Ellie Mae. This represents the highest percentage of refinances for this demographic since the 17 percent level... Read more
During the fourth quarter of 2017, 9.3 percent of all residential properties with a mortgage were seriously underwater
Percentage of Seriously Underwater Homeowners Remains Steady
During the fourth quarter of 2017, 9.3 percent of all residential properties with a mortgage were seriously underwater, according to new data from ATTOM Data Solutions. This is only slightly below the 9.6 percent level in the fourth... Read more
The head of one of the nation’s most prominent financial industry trade organizations has announced that he is resigning, and his move is raising speculation that he may return to his original career in politics
Financial Services Roundtable CEO Pawlenty to Resign
The head of one of the nation’s most prominent financial industry trade organizations has announced that he is resigning, and his move is raising speculation that he may return to his original career in politics. The Minneapolis Star-... Read more
When it comes to paying a mortgage, more than half of consumers blame their late payments on a lack of funds, according to a survey conducted by ACI Worldwide and MasterCard Advisors
Survey: Why Borrowers are Late With Mortgage Payments
When it comes to paying a mortgage, more than half of consumers blame their late payments on a lack of funds, according to a survey conducted by ACI Worldwide and MasterCard Advisors.   In a poll of 400 consumers, 57 percent of respondents... Read more
There was a mild uptick in mortgage applications activity, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Feb. 2
Mortgage Applications Up Slightly
There was a mild uptick in mortgage applications activity, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Feb. 2.   The Market Composite Index saw a 0.7 percent bump-up on a seasonally adjusted... Read more
The Federal Housing Finance Agency (FHFA) has published a final rule establishing Fannie Mae and Freddie Mac’s new single-family and multifamily housing goals for 2018 through 2020
FHFA Establishes Housing Goals for Next Two Years
The Federal Housing Finance Agency (FHFA) has published a final rule establishing Fannie Mae and Freddie Mac’s new single-family and multifamily housing goals for 2018 through 2020.   The single-family housing goals remain unchanged, with... Read more
Leandra English will have her day in court on April 12
Court Date Set for English’s CFPB Appeal
Leandra English will have her day in court on April 12, when the U.S. Court of Appeals for the D.C. Circuit is scheduled to hear the oral argument on why she should be considered as the Acting Director of the Consumer Financial Protection... Read more
One of the first data reports on 2018’s housing market offers good news: The Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI) increased 2.1 percent to 182.9 in January
Mortgage Credit Availability Up in January
One of the first data reports on 2018’s housing market offers good news: The Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI) increased 2.1 percent to 182.9 in January.   All four components of the MCAI... Read more
Builder confidence in the single-family 55+ housing market reached a new peak during the fourth quarter
Builder Confidence at New High with 55+ Housing Market
Builder confidence in the single-family 55+ housing market reached a new peak during the fourth quarter, according to the latest National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) report.   The 55+ HMI hit 71 in... Read more
The political debate on immigration reform has spilled into the housing market, according to a new survey released by Redfin
Is the Immigration Debate Impacting Housing?
The political debate on immigration reform has spilled into the housing market, according to a new survey released by Redfin.   In this survey covering 4,270 adults across 14 metropolitan markets, 15 percent of respondents said they either... Read more