Mortage News

A community of 20 micro-housing units is being quickly constructed to offer free temporary accommodations for elderly residents and families with children who were displaced by the Kilauea Volcano
 Micro-Housing Community Built for Volcano-Displaced Residents
A community of 20 micro-housing units is being quickly constructed to offer free temporary accommodations for elderly residents and families with children who were displaced by the Kilauea Volcano.   To date, approximately 600 homes were... Read more
Roughly half of Americans who are planning to buy a home or are actively searching are concerned that they will be able to locate and pay for an affordable residence
 Study: Most Americans Concerned on Homebuyer Affordability
Roughly half of Americans who are planning to buy a home or are actively searching are concerned that they will be able to locate and pay for an affordable residence, according to a new poll conducted by Laurel Road, an FDIC-insured online... Read more
TMS has announced the addition of Tom Gillis to lead the company’s West Correspondent Sales team as Senior Vice President of Correspondent Sales
 TMS Adds Four New Hires to Its Leadership Team
TMS has added four to its leadership team to support the fintech company’s expanding $26 billion portfolio. With this new servicing development, TMS has named Michael Chiarella as Executive Vice President of Risk, Nathan Sands as Executive... Read more
The Mortgage Bankers Association (MBA) has presented its annual Burton C. Wood Legislative Service Award to Primary Residential Mortgage Inc. (PRMI) Chief Executive Officer David Zitting, CMB
 PRMI CEO Zitting Honored by the MBA
The Mortgage Bankers Association (MBA) has presented its annual Burton C. Wood Legislative Service Award to Primary Residential Mortgage Inc. (PRMI) Chief Executive Officer David Zitting, CMB. The Award is given annually to an MBA member... Read more
Julián Castro, who served as Housing and Urban Development (HUD) Secretary during the second part of the Obama presidency, is making his first trip to Iowa on June 23 in what some political observers speculate as the launch of his effort to become the Dem
 Former HUD Secretary Castro to Campaign in Iowa
Julián Castro, who served as Housing and Urban Development (HUD) Secretary during the second part of the Obama presidency, is making his first trip to Iowa on June 23 in what some political observers speculate as the launch of his effort... Read more
he Consumer Financial Protection Bureau (CFPB) has quietly dropped dismissed its four-year-old enforcement action against PHH Corp.
 CFPB Dismisses PHH Enforcement Action
The Consumer Financial Protection Bureau (CFPB) has quietly dropped dismissed its four-year-old enforcement action against PHH Corp.   The decision comes one month after PHH Corp. has announced that it will not appeal a U.S. Court of... Read more
When it comes to homeowners seeking out mortgage insurance to help cover the costs of their residential purchases, the product has its greatest usage in Texas
 The Top State for Mortgage Insurance Is …
When it comes to homeowners seeking out mortgage insurance to help cover the costs of their residential purchases, the product has its greatest usage in Texas.   According to a new report from U.S. Mortgage Insurers (USMI), a trade... Read more
When it comes to shouldering housing costs, markets in the New York City metro area and across Florida have the most onerous burdens to carry, according to new data from SmartAsset
 The Most Severely Housing Cost-Burdened City Is …
When it comes to shouldering housing costs, markets in the New York City metro area and across Florida have the most onerous burdens to carry, according to new data from SmartAsset.   The new study relies on the Department of Housing and... Read more
The International WELL Building Institute (IWBI), a New York-based organization focused on setting benchmarks for healthier property and communities, has named Rachel Gutter as its new President
 New President at International WELL Building Institute
The International WELL Building Institute (IWBI), a New York-based organization focused on setting benchmarks for healthier property and communities, has named Rachel Gutter as its new President. She succeeds Kamyar Vaghar, who is leaving... Read more
The City of Houston is planning to channel federal funds for Hurricane Harvey-related housing repairs into $600 million for the repair or building single-family homes and $375 million to fix or build apartments
 Houston Plans to Spend $1.15B in Hurricane Housing Repairs
The City of Houston is planning to channel federal funds for Hurricane Harvey-related housing repairs into $600 million for the repair or building single-family homes and $375 million to fix or build apartments.   According to a Houston... Read more