IN THE NEWS

Foreclosure Inventory Falls 35%

August 2, 2014
Foreclosure Inventory Falls 35%, Celebration Muted DAILY REAL ESTATE NEWS | FRIDAY, AUGUST 01, 2014 Many markets across the country are seeing fewer foreclosures. That’s because foreclosure...
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NAR Comments on 3% Cap to CFPB

By Kenneth Trepeta, Charles Dawson

June 6, 2014
On Thursday, June 5, 2014, NAR submitted comments on the Consumer Financial Protection Bureau's (CFPB) proposal to implement a limited cure provision for loans that exceed the 3% cap on fees and points...
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FHA Reverse Mortgage Changes

By Sarah C. Young, Megan Booth

June 20, 2014
On June 18, 2014, the Federal Housing Administration (FHA) released two Mortgagee Letters on the Home Equity Conversion Mortgage (HECM) program.  The first Mortgagee Letter, ML 2014-10, reminds mortgagees...
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Foreclosure Rate by States (Two Year Change)

May 30, 2014
The steady improvement in house prices and employment coupled with the 2013 refinance boom had a significant impact on foreclosures nationally. Across the country, the foreclosure rate fell dramatically....
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Mortgage Rates Are Moving on Up

February 21, 2014
Mortgage Rates Are Moving on Up Mortgage rates inched higher this week for the second week in a row, with the 30-year fixed-rate mortgage averaging 4.33 percent, Freddie Mac reports in its weekly mortgage...
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FHA to drop upper mortgage limits January 1, 2014

December 11, 2013
The U.S. Department of Housing and Urban Development will be reducing the amount of loans for high cost areas of the country. Beginning on January 1, 2014 all FHA loans will be capped in high cost areas...
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Computer Virus Spreading That Means You Never Get To See Your Files Again

Imagine this. You are browsing the Internet and all of a sudden your browser crashes and a message appears telling you your files are encrypted and if you don’t have over money you are never getting...
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Obama Lashes Republicans as Government Reopens

In withering day-after criticism, President Barack Obama declared Thursday that the 16-day partial government shutdown was a Republican-provoked spectacle that "encouraged our enemies" around the world. Elsewhere...
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What a Government Shutdown Means for REALTORS®

Congress has failed to approve a Continuing Resolution (CR) providing funding for most government operations. Therefore, spending authority for most of the government expired at midnight on September...
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