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The U.S. Department of Housing & Urban Development (HUD) and the Israeli Foreign Ministry have signed a Memorandum of Cooperation
HUD in Housing Collaboration Pact With Israel
The U.S. Department of Housing & Urban Development (HUD) and the Israeli Foreign Ministry have signed a Memorandum of Cooperation designed to increase collaboration between the U.S. and Israel related to housing, community development... Read more
Freddie Mac reported comprehensive income of $2.6 billion during the third quarter, up from $2.4 billion in the second quarter but down from the $4.7 billion reported in the third quarter of 2017
FHA Revises HECM Servicing Requirements
The Federal Housing Administration (FHA) has revised requirements for Home Equity Conversion Mortgage (HECM) servicers when they assign FHA-insured reverse mortgages to the agency for claim payment.    In the new requirements, FHA-approved... Read more
One the nation’s most prominent economic commentators issued a warning that further increases in mortgage rates could put a major dent in the economy
Cramer: The Five Percent Mortgage Rate is ‘Line in the Sand’
One the nation’s most prominent economic commentators issued a warning that further increases in mortgage rates could put a major dent in the economy.   CNBC’s Jim Cramer used an appearance on “Squawk on the Street” to warn that the impact... Read more
In the year since Hurricane Irma struck Florida, the Sunshine State’s housing market has bounced back with gusto, according to data from Florida Realtors
Florida Home Sales Bounce Back From Irma’s Impact
In the year since Hurricane Irma struck Florida, the Sunshine State’s housing market has bounced back with gusto, according to data from Florida Realtors.   Sales of single-family homes statewide totaled 21,087 last month, up 17 percent... Read more
September saw the smallest annualized increase in home prices recorded since February 2012 and the first increase in inventory in nearly three years, according to new data from Redfin
Redfin: Home Prices Squeak Upwards
September saw the smallest annualized increase in home prices recorded since February 2012 and the first increase in inventory in nearly three years, according to new data from Redfin.   Home sale prices were up by 2.1 percent last month,... Read more
Suzanne Israel Turfts, the Assistant Secretary for Administration at the Department of Housing and Urban Development (HUD), resigned on Friday after the incorrect announcement that she was being given a new assignment at the Department of the Interior
HUD Official Quits After Personnel Announcement Gaffe
Suzanne Israel Turfts, the Assistant Secretary for Administration at the Department of Housing and Urban Development (HUD), resigned on Friday after the incorrect announcement that she was being given a new assignment at the Department of... Read more
The Mortgage Bankers Association Political Action Committee (MORPAC) has awarded Edgar Bright, CMB, AMP, President of Standard Mortgage Corporation, with the 2018 Schumacher-Bolduc Award
MBA’s MORPAC Honors Edgar Bright With Award
The Mortgage Bankers Association Political Action Committee (MORPAC) has awarded Edgar Bright, CMB, AMP, President of Standard Mortgage Corporation, with the 2018 Schumacher-Bolduc Award. The Award was given to Bright in recognition of his... Read more
Existing-home sales declined in September, after a month of stagnation in August, according to the National Association of Realtors (NAR)
Existing-Home Sales Drop Nationwide
Existing-home sales declined in September, after a month of stagnation in August, according to the National Association of Realtors (NAR). All four major regions saw no gain in sales activity last month. Total existing-home sales fell 3.4... Read more
After recent borrower outreach events in Bridgeport, Conn.; North Las Vegas; Orange, N.J.; Philadelphia and the New York metropolitan area, Ocwen is continuing its work across the country to help distressed homeowners better afford their homes
Ocwen Continues to Help Struggling Homeowners Nationwide
After recent borrower outreach events in Bridgeport, Conn.; North Las Vegas; Orange, N.J.; Philadelphia and the New York metropolitan area, Ocwen is continuing its work across the country to help distressed homeowners better afford their... Read more
Rents declined nationwide on an annual basis for the first time in more than six years
Rents Drop for the First Time in Six Years
Rents declined nationwide on an annual basis for the first time in more than six years, as the median U.S. rent was $1,440, according to the September Zillow Real Estate Market Report. This total is down 0.2 percent (which translates to $... Read more