News Flash

The near-term future for the housing market is mostly healthy, announced Mortgage Bankers Association (MBA) Chief Economist Mike Fratantoni, although some troubling issues have yet to abate
MBA Economist is Mostly Optimistic on Housing’s Future
The near-term future for the housing market is mostly healthy, announced Mortgage Bankers Association (MBA) Chief Economist Mike Fratantoni, although some troubling issues have yet to abate.   "We expect this growth to continue over the... Read more
The National Fair Housing Alliance (NFHA) is commemorating the 50th anniversary of the passage of the Fair Housing Act of 1968 with a year-long educational campaign called #FHAct5
New Campaign Highlights Fair Housing Act at 50
The National Fair Housing Alliance (NFHA) is commemorating the 50th anniversary of the passage of the Fair Housing Act of 1968 with a year-long educational campaign called #FHAct50.   The Fair Housing Act was signed into law by President... Read more
MISMO, the Mortgage Industry Standards Maintenance Organization, has announced its 2017 Contributor Award Winners
MISMO Honors Contributor Award Winners
MISMO, the Mortgage Industry Standards Maintenance Organization, has announced its 2017 Contributor Award Winners.   “MISMO’s tremendous success over the past year is directly attributable to the contributions of many highly skilled... Read more
Luxury home prices were up by 7.4 percent year-over-year to an average of $1.76 million in the fourth quarter of 2017
Q4 2017 Luxury Home Prices Up
Luxury home prices were up by 7.4 percent year-over-year to an average of $1.76 million in the fourth quarter of 2017, according to new data Redfin. In comparison, the average price for non-luxury homes was $333,000, up 6 percent compared... Read more
An estimated 608,000 new homes were sold in 2017
New Home Sales Up 8.3 Percent in 2017
An estimated 608,000 new homes were sold in 2017, which is 8.3 percent above the 2016 figure of 561,000, according to data from the Census Bureau and the Department of Housing and Urban Development. Sales of new single-family houses in... Read more
In 2017, LenderSelect Mortgage Group partnered with local and national groups to lend a hand through its community outreach channel: LSMG Lifeline
LenderSelect Mortgage Group Gives Back to the Community in 2017
In 2017, LenderSelect Mortgage Group partnered with local and national groups to lend a hand through its community outreach channel: LSMG Lifeline, managed by Shannon Anderson, LenderSelect’s Lending and Training Manager. “The purpose of... Read more
A Regional Official within the U.S. Department of Housing and Urban Development (HUD) got into a bizarre name-calling spat with a prominent member of the White House press corps
Regional HUD Official in Twitter Feud with Journalist
A Regional Official within the U.S. Department of Housing and Urban Development (HUD) got into a bizarre name-calling spat with a prominent member of the White House press corps.   According to a Washington Examiner report, Lynne Patton,... Read more
The U.S. housing market gained back all $9 trillion in value it lost when the market collapsed in the past decade, according to new data from Zillow
U.S. Housing Market Recovers $9T Lost in 2007 Crash
The U.S. housing market gained back all $9 trillion in value it lost when the market collapsed in the past decade, according to new data from Zillow. However, the recovery has been unevenly spread across the country.   Zillow noted that... Read more
Average fixed mortgage rates rising for the third consecutive week, according to new data from Freddie Mac.
Mortgage Rates on the Upswing
Average fixed mortgage rates rising for the third consecutive week, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 4.15 percent for week ending Jan. 25, up from last week when it averaged 4.04... Read more
Renters Outpace Homeowners in 22 Major Cities
Nearly one-quarter of the nation’s 100 largest cities shifted from owner- to renter-majority between 2006 and 2016, according to data report released by RentCafé. During this period, the level of renting outpaced homeownership in 97 of the... Read more