News Flash

Dr. Ben Carson, the new Secretary of Housing & Urban Development (HUD) and the sole African-American in President Trump’s cabinet
HUD's Carson Responds to Lawsuit Over FOIA Requests
Housing and Urban Development (HUD) Secretary Dr. Ben Carson announced on his Facebook page that advocacy groups were targeting him and his department for allegedly using federal funds to promote religion. However, one of the... Read more
A newly released survey of the mayors of the nation’s major cities has concluded that housing is the main reason why residents move away to other localities
Survey: Mayors Express Growing Concern on Housing Costs
A newly released survey of the mayors of the nation’s major cities has concluded that housing is the main reason why residents move away to other localities.   The Menino Survey of Mayors, conducted by the Boston University Initiative on... Read more
The Empire State set a new record for single-family home sales in 2017, according to data released by the New York Association of Realtors (NYSAR)
New York State Homes Sales Sets Record in 2017
The Empire State set a new record for single-family home sales in 2017, according to data released by the New York Association of Realtors (NYSAR).   There were 134,066 existing single-family homes sold in New York last year, up 2.4... Read more
The final meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) chaired by Janet Yellen resolved to keep rates at their current level
Warren: New Fed Chief Subservient to Wall Street
Sen. Elizabeth Warren (D-MA) took an exceptionally harsh criticism of Jerome Powell, the incoming Chairman of the Federal Reserve, by questioning his independence from financial services lobbyists and questioning whether he would respond... Read more
Total existing-home increased 1.1 percent in 2017 to a 5.51 million sales pace, the highest recorded since the 6.48 million sales in 2006
Existing-Home Sales Up Slightly in 2017
Total existing-home increased 1.1 percent in 2017 to a 5.51 million sales pace, the highest recorded since the 6.48 million sales in 2006, according to the National Association of Realtors (NAR). However, the year ended on a whimper... Read more
A leaked e-mail reportedly sent by Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau (CFPB), to the staff of the agency
CFPB’s Mulvaney: No More Regulation by Enforcement
A leaked e-mail reportedly sent by Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau (CFPB), to the staff of the agency previewed a new and less litigious approach to regulating the financial services industry.  ... Read more
Mortgage application activity is on the rise, according to the latest data from the Mortgage Bankers Association (MBA) covering the week ending Jan. 19
Mortgage Application Levels Up Again
Mortgage application activity is on the rise, according to the latest data from the Mortgage Bankers Association (MBA) covering the week ending Jan. 19.   The Market Composite Index increased 4.5 percent on a seasonally adjusted basis from... Read more
DocMagic has announced that it has processed more than 300 million mortgage-related electronic signatures
DocMagic Hits Milestone of 300 Million Mortgage eSignings
DocMagic has announced that it has processed more than 300 million mortgage-related electronic signatures. This milestone achievement is the direct result of increased adoption of several DocMagic technologies that feature its... Read more
Jerome Powell
Senate Confirms Powell as Next Fed Chairman
The U.S. Senate votes 85-12 to confirm Jerome Powell as the next chairman of the Federal Reserve.   Four Republican senators—Ted Cruz of Texas, Mike Lee of Utah, Rand Paul of Kentucky and Marco Rubio of Florida—joined Vermont Independent... Read more
Potential existing-home sales decreased in December to a 5.99 million seasonally adjusted annualized rate (SAAR)
New Report: Housing Market Still Below Its Potential
Potential existing-home sales decreased in December to a 5.99 million seasonally adjusted annualized rate (SAAR), a 0.2 percent month-over-month decrease, according to new data from First American Financial Corp. On a year-over-year basis... Read more