Category Archives: News & Information

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ADP predicts yet another month of substantial job increases

ADP released its National Employment Report which shows jobs will increase substantially in March. And the construction boom continues as construction jobs see a significant increase. However, with its spotty record, ADP’s report could come in lower than Friday’s report. Source: http://www.housingwire.com/articles/39773-adp-predicts-yet-another-month-of-substantial-job-increases
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Dimon: FHA, servicing rules changes could add $300B in mortgages per year

Last year, JPMorgan Chase CEO Jamie Dimon painted a particularly unflattering view of the mortgage business in his yearly letter to shareholders. But this year, Dimon’s tone toward the mortgage business is much different. In the 2017 version of his letter to shareholders, Dimon suggested that with some (significant) changes, the mortgage business could grow…
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Here’s the real reason why homebuyers just don’t fully understand mortgages

A new study from Fannie Mae shows despite homeowners seeing the value to more homeownership education programs, very few have the incentive to do so when buying a home. The study shows why lenders, real estate agents and consumers don’t focus on homeownership education. Source: http://www.housingwire.com/articles/39768-heres-the-real-reason-why-homebuyers-just-dont-fully-understand-mortgages
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CoreLogic: Home prices rose 7% in February

Home prices continued to rise in February, seeing a 7% annual gain from the previous year. And this increase is forecasted to continue into 2018, but perhaps at a slower rate of increase than this year. Source: http://www.housingwire.com/articles/39764-corelogic-home-prices-rose-7-in-february
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Trump: We’re going to do a very major haircut on Dodd-Frank

In the words of President Donald Trump, the era of “horrible regulations” is coming to an end. On Tuesday, during a gathering of some of the CEOs of some of the country’s largest companies hosted by the White House, Trump told the crowd that his administration is working hard to “destroy” many of the regulations…
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SEC accuses Michigan pastor of leading $6.7 million real estate fraud scheme

SEC accuses Michigan pastor of leading $6.7 million real estate fraud scheme A Michigan pastor allegedly bilked church members, retirees, and laid-off autoworkers out of millions of dollars by convincing them to invest in a “successful” real estate scheme, the Securities and Exchange Commission said last week. All told, the SEC is charging Larry Holley,…
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Ben Carson: Housing will be part of Trump infrastructure bill

Ben Carson: Housing will be part of Trump infrastructure bill Now that he’s back in Washington, HUD Secretary Ben Carson's focus is turning back to the looming cuts to HUD’s budget, announced as part of the budget proposal from the Trump administration. The proposed $6.2 billion cut to HUD’s budget has many concerned about the…
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Quicken Loans commits $1 million to build up Detroit business

Quicken Loans commits $1 million to build up Detroit business Quicken Loans is one of the biggest companies championing the resurgence of Detroit, consistently dedicating a portion of its funds to the city to revitalize downtown. Detroit Demo Day follows this same mindset to rebuild the city. Run a business in Detroit? Check out this…
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April Kudos: celebrating milestones, launches and awards in the mortgage industry

April Kudos: celebrating milestones, launches and awards in the mortgage industry Guild Mortgage donated $116,000 to the Infinite Hero Foundation, which helps provide access to innovative rehabilitation programs that address the unique needs of military veterans and their families. The donation was used to purchase a wearable robotic exoskeleton from ReWalk Robotics, designed for individuals…
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