News Flash National Mortgage Professional Magazine
Subscribe

News Flash

In response to the ongoing California wildfires, the U.S. Department of Housing & Urban Development (HUD) stated it would speed up its federal disaster assistance
HUD Responds to California Wildfires
In response to the ongoing California wildfires, the U.S. Department of Housing & Urban Development (HUD) stated it would speed up its federal disaster assistance to the state and provide support to homeowners and low-income renters... Read more
Mortgage rates were mostly in a holding pattern in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS)
Mortgage Rates Hold Steady
Mortgage rates were mostly in a holding pattern in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS).   The 30-year fixed-rate mortgage (FRM) averaged 4.94 percent for the week ending Nov. 15, unchanged from last week. The 15-year... Read more
The Detroit school board voted 6-1 to rename a public high school named in honor of Housing & Urban Development (HUD) Secretary Ben Carson
Movement Started to Remove Carson’s Name From School
The Detroit school board voted 6-1 to rename a public high school named in honor of Housing & Urban Development (HUD) Secretary Ben Carson.   Detroit’s Dr. Benjamin Carson High School of Science and Medicine is one of four buildings... Read more
Rep. Maxine Waters (D-CA) is previewing her expected chairmanship of the House Financial Services Committee by insisting that there will be no further deregulation of the financial services industry while she holds the committee’s reins
Waters Vows to Halt Deregulation
Rep. Maxine Waters (D-CA) is previewing her expected chairmanship of the House Financial Services Committee by insisting that there will be no further deregulation of the financial services industry while she holds the committee’s reins... Read more
A coalition of more than 20 financial and real estate trade organizations called on the U.S. Senate to confirm Kathy Kraninger as the next Director of the Consumer Financial Protection Bureau (CFPB)
Trade Groups Press for Kraninger Confirmation
A coalition of more than 20 financial and real estate trade organizations called on the U.S. Senate to confirm Kathy Kraninger as the next Director of the Consumer Financial Protection Bureau (CFPB). Kraninger was confirmed by the... Read more
If climate change continues at its current pace, approximately 386,000 U.S. homes in coastal metro areas are likely to be at risk of regular flooding by 2050, according to a report issued by Zillow and Climate Central
Report Predicts Climate Change Impact on Coastal Housing
If climate change continues at its current pace, approximately 386,000 U.S. homes in coastal metro areas are likely to be at risk of regular flooding by 2050, according to a report issued by Zillow and Climate Central.   The report also... Read more
Millennials are plunging ahead into homeownership, despite the growing expense contributed by rising interest rates, according to new data from Ellie Mae
Millennials Nonplussed by Rising Interest Rates
Millennials are plunging ahead into homeownership, despite the growing expense contributed by rising interest rates, according to new data from Ellie Mae.   During September, 89 percent of Millennial loan volume was for home purchases,... Read more
Israeli-paid search startup Natural Intelligence has announced its expansion into the U.S. Natural Intelligence is already one of Google’s top advertisers
New Study Examines Online Mortgage Buyer Behavior
Israeli-paid search startup Natural Intelligence has announced its expansion into the U.S. Natural Intelligence is already one of Google’s top advertisers.   The headquarters is in Tel Aviv and the expansion is due to the high growth of... Read more
Mortgage purchase and refinance activity took a tumble while the gap between appraisers and homeowners on property valuations continued to close a gap
Mortgage Apps Down, Valuation Opinions Align
Mortgage purchase and refinance activity took a tumble while the gap between appraisers and homeowners on property valuations continued to close a gap.   Mortgage applications decreased 3.2 percent from one week earlier, according to data... Read more
Mortgage Equity Partners (MEP) staffers recently joined with industry colleagues from Rebuilding Together Boston and the Massachusetts Mortgage Bankers Association to rebuild the home of a 77-year-old widow of a disabled veteran in the Dorchester section
MEP Assists in Home Improvements for Disabled Widow of Veteran
Mortgage Equity Partners (MEP) staffers recently joined with industry colleagues from Rebuilding Together Boston and the Massachusetts Mortgage Bankers Association to rebuild the home of a 77-year-old widow of a disabled veteran in the... Read more