Home price growth remained at record pace in August

After four consecutive months of record growth, annual home price growth remained steady from July to August, according to the latest S&P CoreLogic Case-Shiller National Home Price Index report released Tuesday. The index showed a 19.8% annual gain for the year ending in August 2021, remaining the same as the previous month. This remains the…Continue Reading

What Microsoft’s new cloud platform means for mortgage

Bill Borden, corporate vice president of worldwide financial services at Microsoft Tech giant Microsoft plans to launch a new cloud-computing offering targeting the financial-services market on Nov. 1 as part of an effort to further bolster its fast-expanding cloud business. The secondary market may want to take note. The Microsoft Cloud for Financial Services has…Continue Reading

Lawsuits, red tape & interest rates: Do mortgage JVs have staying power?

This is part two of a two-part series on joint ventures in the housing industry. To read the first part of this series, go here. On a sunny, serene fall afternoon, the Chicago neighborhood of Ravenswood featured quiet socializing on outdoor brewery patios, cyclists of all ages, and, hidden alongside the elevated train tracks, the…Continue Reading

GSE forbearance rate declines to 1%

Servicers’ forbearance portfolio volume declined at a reduced pace this week, as mortgage holders continue to exit COVID-19 plans, according to the Mortgage Bankers Association (MBA).   The total number of loans in forbearance decreased by seven basis points to 2.21% as of Oct. 17. In the previous week, the rate dropped 34 basis points…Continue Reading

Lawmakers facing ethics questions have some explaining to do

When it comes to members of Congress with legal troubles, two House Republicans — Nebraska’s Jeff Fortenberry and Florida’s Matt Gaetz — dominated the headlines last week. The former is now facing multiple federal charges after allegedly lying to the FBI, while the investigation into the latter appears to be intensifying.Generating less attention was a…Continue Reading

Biden’s White House rejects Trump’s latest bid for Jan. 6 secrecy

The bipartisan House committee investigating the Jan. 6 attack is trying to collect as much information as possible, and not surprisingly, the panel has requested extensive materials from the White House. As regular readers know, this has created a predictable controversy.Donald Trump, eager to hide as much information as possible, announced plans weeks ago to…Continue Reading

Neo-Nazi organizers of Charlottesville being financially wrecked by lawsuit

IE 11 is not supported. For an optimal experience visit our site on another browser. Rachel Maddow looks at how a lawsuit by survivors of violence committed by hate groups who gathered in Charlottesville, Virginia four years ago is already financially crushing the racist groups and individual organizers even before the trial is fully under…Continue Reading

Google’s podcast knowledge panel update: Your questions answered

What are podcast knowledge panels? Google began showing a specific podcast knowledge panel on October 12, 2021. It displays the podcast name, image, and description on the right sidebar. As of October 25, there is no link within the knowledge panel to listen to the podcast. Read more >> Podcast knowledge panels go live in…Continue Reading