Former Milwaukee County Register of Deeds Charged with Wire Fraud
June 26 2020 | |
United States Attorney Matthew D. Krueger announced that, on June 25, 2020, he issued a one-count information charging John La Fave (age: 70) with wire fraud in violation of Title 18, United States Code, Section 1343, and that La Fave has entered into an agreement to plead guilty to the charge.
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New Home Sales Jump in May as Housing Rebound Continues
June 23 2020 | |
In a further sign that the housing market is rebounding from the COVID-19 pandemic, sales of newly built, single-family homes rose 16.6 percent to a seasonally adjusted annual rate of 676,000 units in May from a downwardly revised reading in April, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
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Share of Mortgage Loans in Forbearance Decreases for First Time in Series to 8.48%
June 22 2020 | |
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Surveyrevealed that the total number of loans now in forbearance decreased - for the first time since the survey's inception in March - from 8.55% of servicers' portfolio volume in the prior week to 8.48% as of June 14, 2020. According to MBA's estimate, 4.2 million homeowners are now in forbearance plans - down from almost 4.3 million homeowners the prior week.
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NAR Partners with U.S. Chamber of Commerce to Advance Economic Inclusion in America
June 17 2020 | |
The National Association of Realtors® this week joined the U.S. Chamber of Commerce’s Equality of Opportunity initiative, part of a broad national effort to examine economic inequality in America. The program has earned the support of more than 400 organizations from across the country, with business and policy leaders assembling to advance economic inclusion and highlight a number of potential data-driven solutions to address inequality of opportunity.
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New Housing Numbers Flash Signs of Continued Growth
June 17 2020 | |
In a sign that the housing market continues to show forward momentum, single-family permits posted an 11.9 percent gain in May, while total housing starts increased 4.3 percent to a seasonally adjusted annual rate of 974,000 units, according to a report from the U.S. Housing and Urban Development and Commerce Department.
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eNotaryLog Becomes the First Remote Online Notarization Platform to Be MISMO® Certified
June 17 2020 | |
eNotaryLog announces that on May 27, 2020, it became the first remote online notary (RON) platform to be MISMO®certified. MISMO®created RON standards to promote consistency across mortgage banking industry practices and state regulations to allow the use of audio-visual communication devices to notarize documents in a virtual online environment.
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Builder Confidence Surges in June as Housing Rebound is Underway
June 16 2020 | |
In a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index released today.
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Share of Mortgage Loans in Forbearance Increases to 8.55%
June 15 2020 | |
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Surveyrevealed that the total number of loans now in forbearance increased from 8.53% of servicers' portfolio volume in the prior week to 8.55% as of June 7, 2020. According to MBA's estimate, almost 4.3 million homeowners are now in forbearance plans.
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NAR Applauds Supreme Court Ruling on LGBTQ Equality
June 15 2020 | |
The U.S. Supreme Court issued a landmark ruling Monday affirming workplace discrimination protection for LGBTQ individuals nationwide. The 6-3 opinion states that the 1964 Civil Rights Act protecting individuals from workplace discrimination based on sex also applies to sexual orientation and gender identity.
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NAHB Applauds Decision Surrounding Rejection of Lawsuit to Compel OSHA to Create Emergency Standard
June 11 2020 | |
National Association of Home Builders Chief Executive Officer Jerry Howard and Associated Builders and Contractors Vice President of Health, Safety, Environment and Workforce Development Greg Sizemore issued the following joint statement today on the D.C. Circuit Court's decision to reject a lawsuit brought by the AFL-CIO to compel the Occupational Health and Safety Administration to issue an "emergency temporary standard" for infectious diseases/COVID-19.
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NAR Introduces Implicit Bias Training for Realtor® Members, Associations
June 10 2020 | |
As part of its commitment to addressing racial injustice in America, the National Association of Realtors® has begun circulating a new 50-minute implicit bias training video to its members and association staff. Partnering with the New York-based Perception Institute, NAR’s online videodraws upon recent research to illustrate how the human brain’s automatic, instant association of stereotypes with particular groups can cause people to treat those who are different from them unfairly.
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Former President of First Mortgage Company Charged with 24 Counts of Financial Fraud
June 08 2020 | |
Earlier this month, a federal grand jury returned a 24-Count Indictment charging Ronald J. McCord, 69, of Oklahoma City, Oklahoma, with defrauding two locally-based banks, Fannie Mae, and others, announced Timothy J. Downing, United States Attorney for the Western District of Oklahoma. The charges include bank fraud, money laundering, and making a false statement to a financial institution.
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Share of Mortgage Loans in Forbearance Increases to 8.53%
June 08 2020 | |
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Surveyrevealed that the total number of loans now in forbearance increased from 8.46% of servicers' portfolio volume in the prior week to 8.53% as of May 31, 2020. According to MBA's estimate, almost 4.3 million homeowners are now in forbearance plans.
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IMBs Report Strong First Quarter of 2020
June 04 2020 | |
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,600 on each loan they originated in the first quarter of 2020, up from a reported gain of $1,182 per loan in the fourth quarter of 2019, according to the Mortgage Bankers Association's newly released Quarterly Mortgage Bankers Performance Report.
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Coronavirus Likely to Add Momentum to Increased Home Building in Smaller Markets
June 02 2020 | |
The COVID-19 pandemic is likely to hasten a housing trend already taking place across the nation—residential construction activity that is expanding at a more rapid rate in lower density markets such as smaller cities and rural areas. Multifamily development is also proceeding at a brisk pace in areas where education and health services dominate.
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The Housing Industry Is Poised to Lead the Nation's Economic Recovery
June 01 2020 | |
As the industry observes National Homeownership Month in June, recent housing data indicate the important role the residential construction industry will play in leading the U.S. economic recovery from the coronavirus pandemic, according to the National Association of Home Builders.
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Share of Mortgage Loans in Forbearance Increases to 8.46%
June 01 2020 | |
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased from 8.36% of servicers' portfolio volume in the prior week to 8.46% as of May 24, 2020.
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