We hope 2017 is a great year for you, both personally & professionally.
Source: Keeping Current Matters
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Source: Keeping Current Matters
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Source: Keeping Current Matters
Auction.com takes a multi-channel approach to marketing foreclosure properties, which means sellers get a broad, global pool of potential buyers. The Auction.com website boasts more than 4 million active users and more than 300,000 unique visitors each week.
Source: Housing Wire
As one of his last housing accomplishments before he leaves office, President Obama signed H.R. 3700 into law on Friday, which will dramatically improve long-fought restrictions on Federal Housing Administration financing for condominiums. Meanwhile, 2.8 million borrowers should be thanking Brexit right now for their positive financial situation.
Source: Housing Wire
The Department of Justice is about to lose another one of its top cops in its fight against mortgage fraud. The DOJ announced Friday that John Walsh, the U.S. Attorney for the District of Colorado and the co-chair of the DOJ’s Residential Mortgage-Backed Securities Working Group. While with the DOJ, Walsh played a key leadership role in securing a $7 billion settlement with Citigroup over residential mortgage-backed securities and collateralized debt obligations.
Source: Housing Wire
New home starts in Dallas may be up, but it won’t help the affordability crisis as homebuilders made a dramatic shift in the type of homes they are building. Instead of building affordable homes, new home starts are increasing in the higher price ranges.
Source: Housing Wire
Staying true to its announcement three months ago, the Consumer Financial Protection Bureau released a set of proposed updates to its Know Before You Owe mortgage disclosure rule after industry calls asked for greater clarity and certainty on the rule. However, the changes, while welcomed, don’t address everything the industry asked for.
Source: Housing Wire
Consumer sentiment decreased in July from last year as well as last month. Some of the decrease can be credited to Brexit, and near the end of July consumers became more optimistic about the state of the economy.
Source: Housing Wire
“Over the past 12 months, the economy has expanded by only 1.2%,” Paul Ashworth, chief economist at Capital Economics, said. “What is really worrying is that pace has still been enough to reduce the unemployment rate further, suggesting that the economy’s potential growth rate could conceivably be close to zero.”
Source: Housing Wire