News Flash

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
When it comes financial responsibilities, Millennials are exercising maturity and good planning, according to the Better Money Habits Millennial Report released by Bank of America
New Study Affirms Savings Habits of Millennials
When it comes financial responsibilities, Millennials are exercising maturity and good planning, according to the Better Money Habits Millennial Report released by Bank of America.   Millennials, who are defined in the report as being... Read more
A former Wells Fargo mortgage banker has filed a wrongful termination lawsuit against his ex-employer, stating that he was used as a scapegoat when the lender was called to task for improper practices
Ex-Wells Fargo Mortgage Banker Sues for Wrongful Termination
A former Wells Fargo mortgage banker has filed a wrongful termination lawsuit against his ex-employer, stating that he was used as a scapegoat when the lender was called to task for improper practices.   The Los Angeles Times reports that... Read more
And yet another online site is vying for homebuyer eyeballs: The shopping app Letgo has announced that it is now offering users the ability to list housing rentals and sales
Shopping App Letgo Enters the Housing Market
And yet another online site is vying for homebuyer eyeballs: The shopping app Letgo has announced that it is now offering users the ability to list housing rentals and sales.   According to a report in TechCrunch, Letgo has more than 75... Read more
The impact of Hurricanes Harvey and Irma continue to bedevil the housing market
Hurricanes Blamed for New Spike in Mortgage Delinquencies
The impact of Hurricanes Harvey and Irma continue to bedevil the housing market, as new data from Black Knight Inc. has determined the hurricane-related fallout was a primary factor in having an additional 60,000 mortgages becoming 90 days... Read more
The House of Representatives voted 243 to 184 to pass the Home Mortgage Disclosure Adjustment Act (HR 2954), which is designed to eliminate compliance regulations imposed on small financial institutions by the Consumer Financial Protection Bureau (CFPB)
HMDA Exemption Bill Passes the House
The House of Representatives voted 243 to 184 to pass the Home Mortgage Disclosure Adjustment Act (HR 2954), which is designed to eliminate compliance regulations imposed on small financial institutions by the Consumer Financial Protection... Read more
Propy Inc., a blockchain start-up based in Palo Alto, Calif., has launched a pilot project in collaboration with the City Clerk's Office of South Burlington, Vt., that will utilize blockchain technology to record real estate conveyance documents
Pilot Program Tests Blockchain on Real Estate Conveyance Docs
Propy Inc., a blockchain start-up based in Palo Alto, Calif., has launched a pilot project in collaboration with the City Clerk's Office of South Burlington, Vt., that will utilize blockchain technology to record real estate conveyance... Read more
The Federal Trade Commission (FTC) has charged 11 companies and three individuals with running a mortgage loan modification operation that deceived homeowners with phony promises of preventing foreclosure and achieving mortgage affordability
FTC Levels Charges in Loan Mod Scam
The Federal Trade Commission (FTC) has charged 11 companies and three individuals with running a mortgage loan modification operation that deceived homeowners with phony promises of preventing foreclosure and achieving mortgage... Read more