News Flash

Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB) and, arguably, the most powerful and polarizing federal regulator in D.C., has announced that he is leaving his job eight months before the end of his term
Cordray to Leave CFPB
Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB) and, arguably, the most powerful and polarizing federal regulator in D.C., has announced that he is leaving his job eight months before the end of his term. In an... Read more
The gap between homeowner and appraiser opinions on home values continued to shrink, according to new data from Quicken Loans
Homeowners and Appraisers in Greater Agreement on Valuations
The gap between homeowner and appraiser opinions on home values continued to shrink, according to new data from Quicken Loans.   During October, Quicken Loans determined that appraisals were an average of 0.99 percent lower than the... Read more
Refinancing activity outpaced purchase loans in the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 10
Refinancing Energizes Latest Mortgage Application Data
Refinancing activity outpaced purchase loans in the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 10.   The Market Composite Index, was up by 3.1 percent on a seasonally adjusted basis and up... Read more
The House of Representatives voted 237-189 to pass the 21st Century Flood Reform Act
House Passes NFIP Reauthorization
The House of Representatives voted 237-189 to pass the 21st Century Flood Reform Act, which will reform and reauthorize the National Flood Insurance Program (NFIP) that is set to expire on Dec. 8.   The bill inspired some crossover... Read more
Zillow has dusted off its crystal ball for 2018 housing market predictions
Zillow Offers Forecast for 2018 Housing Trends
Zillow has dusted off its crystal ball for 2018 housing market predictions, and the forecast is laced with both new and ongoing trends.   Looking into the new year, Zillow predicted that the ongoing inventory shortage will persist, with... Read more
Antifa politics and the lodging sector will soon meet in the nation’s capital as a new hotel planned by and for detractors of President Trump is being designed for a site near the National Mall
Anti-Trump Hotel Planned for Washington
Antifa politics and the lodging sector will soon meet in the nation’s capital as a new hotel planned by and for detractors of President Trump is being designed for a site near the National Mall.   According to a Bloomberg report, Eaton... Read more
Can a commercial property’s energy efficiency (or lack thereof) play a role in its loan default probability
Study Links Commercial Mortgage Defaults and Energy Efficiency
Can a commercial property’s energy efficiency (or lack thereof) play a role in its loan default probability? According to a recent Department of Energy-funded study released by the University of California at Berkeley and Lawrence Berkeley... Read more
October witnessed the financial equivalent of a fall harvest for mortgage applications, according to the Mortgage Bankers Association’s (MBA) latest Builder Application Survey
MBA: Mortgage Application Activity Soared in October
October witnessed the financial equivalent of a fall harvest for mortgage applications, according to the Mortgage Bankers Association’s (MBA) latest Builder Application Survey.   Mortgage applications for new home purchases increased in... Read more
Mortgage delinquency rates have hit an 11-year low, according to new data from CoreLogic
Look Out Below! Mortgage Delinquency Rates Keep Falling
Mortgage delinquency rates have hit an 11-year low, according to new data from CoreLogic.   During August, 4.6 percent of all mortgages were in some stage of delinquency, a 0.6 percent drop from one year earlier when the level was 5.2... Read more
The old joke about the long arm of the law became a reality for Patrick Lee, a Massachusetts resident who was extradited from Ireland to face federal mortgage fraud charges
Mortgage Fraudster Extradited From Ireland
The old joke about the long arm of the law became a reality for Patrick Lee, a Massachusetts resident who was extradited from Ireland to face federal mortgage fraud charges.   According to U.S. News & World Report, Lee holds dual U.S.-... Read more