The Pulse National Mortgage Professional Magazine

The Pulse

NAHB study: Builder confidence rises two points in July
Builder confidence in the market for newly built, single-family homes notched up two points in July to its highest level since September 2008, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).... Read more
Consumer Mortgage Audit Center study reveals the five most common mortgage violations
Ninety-eight percent of all mortgages are potentially eligible to be renegotiated due to Truth-in-Lending Act violations according to a review of thousands of mortgage documents undertaken by the Consumer Mortgage Audit Center (CMAC). The... Read more
Rep. Bachus comments on SAFE Act progress
Rep. Spencer Bachus (R-AL), the top Republican on the Financial Services Committee, made the following statement regarding the implementation of the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), which he authored. Rep... Read more
Rep. Velázquez comments on small business tax provisions in the American Recovery and Reinvestment Act
Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee, delivered the following opening statement today before the House Committee on Small Business hearing Economic Recovery: Tax Stimulus Items that Benefitted... Read more
New York metro area construction starts expected to decline 34 percent in 2009
McGraw-Hill Construction, part of The McGraw-Hill Companies, has released the 2009 New York Metro Construction Outlook: Mid-Summer Update. “The recession has combined with the credit freeze to create an unusually difficult environment for... Read more
Stevens sworn in as assistant HUD secretary and FHA commissioner
David Stevens has been sworn in as Assistant Secretary for Housing and Federal Housing Administration (FHA) Commissioner at the U.S. Department of Housing and Urban Development (HUD). Stevens was confirmed by the U.S. Senate on July 10,... Read more
Apps increase in latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending July 10, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 514.4, an increase of 4.3... Read more
HUD makes $113 available for public housing transformation and community revitalization
U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan has announced the availability of $113 million in HOPE VI funding in a keynote address on the future of urban revitalization at the National Press Club during... Read more
IAS360 report: U.S house prices up 1.6 percent in May
Integrated Asset Services LLC (IAS), a default management and residential collateral valuations, has released its IAS360 House Price Index (HPI). Based on the timeliest and most granular data available in the industry, the benchmark index... Read more
J.D. Power and Associates reports: Brand image matters most to shoppers in selecting a retail bank
When selecting a retail bank, shoppers place the most importance on the bank’s brand image, according to a recently released J.D. Power and Associates 2009 Retail Bank Shopping Study. The inaugural study examines the bank shopping and... Read more