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Delinquencies Increase in Fourth Quarter from Ten-Year Lows, Foreclosure Starts Continue Decline in Latest...
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.80 percent of all loans outstanding at the end of the fourth quarter of 2016. The delinquency rate was up 28 basis points from the previous quarter, and was three basis points higher than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
MBA Appoints Pete Carroll and Andy Crisenbery to MISMO Board of Directors
The Mortgage Bankers Association (MBA), parent corporation of the Mortgage Industry Standards Maintenance Organization (MISMO), appointed Pete Carroll, Executive Vice President at Quicken Loans, and Andy Crisenbery, Senior Vice President, Managing Director of eLending Solutions at Black Knight Financial Services, to the MISMO Board of Directors.
January New Home Purchase Mortgage Applications Increased 9.2 Percent Year over Year
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2017 shows mortgage applications for new home purchases increased 9.2 percent compared to January 2016. Compared to December 2016, applications increased by 22 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.
MBA Statement on Steven Mnuchin Being Confirmed as Treasury Secretary
Statement by MBA President & CEO David Stevens on the U.S. Senate approving the nomination of Steven Mnuchin to run the Department of Treasury
U.S. Solar Market Grows 95% in 2016, Smashes Records
In its biggest year to date, the United States solar market nearly doubled its annual record, topping out at 14,626 megawatts (MW) of solar photovoltaic (PV) installed in 2016. This represents a 95 percent increase over 2015’s then record-breaking 7,493 MW. GTM Research and the Solar Energy Industries Association (SEIA) previewed this data in advance of their upcoming U.S. Solar Market Insight report, set to be released on March 9.
Builder Confidence Continues to Settle Back to Sustainable Levels in February
Builder confidence in the market for newly-built single-family homes declined two points in February to a level of 65 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Alliance Calls On Congress To Pass “Portman-Shaheen” Efficiency Bill
The Alliance to Save Energy called on Congress to move quickly to pass the bipartisan “Portman-Shaheen” energy efficiency bill (S. 385) after Sens. Rob Portman (R-Ohio) and Jeanne Shaheen (D-N.H.) introduced the legislation in the 115th Congress on Wednesday.
American Land Title Association Supports Effort to Improve Real Estate Closing Process
The American Land Title Association (ALTA), the national trade association of the land title insurance and real estate settlement industry, sent a letter to the National Association of Secretaries of State (NASS) offering support of efforts to promote the understanding of remote electronic notarizations.
DCHFA Finances Second Affordable Apartment Complex in Ward 8 in 2017
The project is being developed by The Michaels Development Company and CityInterests, LLC. South Capitol Multifamily is also being funded by $23.19 million raised in equity through the syndication of four percent low income housing tax credits in partnership with a $25.14 million loan from the DC Department of Housing and Community Development’s Housing Production Trust Fund.
CONSTRUCTION FIRMS GETTING SQUEEZED BY INCREASING MATERIALS & LABOR COSTS AND SLOWER INCREASES IN...
Construction Officials Caution That Cost of Infrastructure, Other Construction Projects Will Increase if New “Buy America” Provisions, Punitive Tariffs or Limitations on Canadian Lumber Are Put in Place
Alliance To Save Energy Elects New Leaders To Board
The Alliance to Save Energy’s Board of Directors has elected three new members to help lead the organization’s mission of achieving a more energy efficient future. The newly elected directors are
NAR Tech Edge Events Keep Realtors® Apprised of Latest Tools
Technology is transforming how Realtors® conduct business and communicate with clients. Now more than ever, Realtors® know the importance of staying up-to-date with the new and emerging technologies that are essential to the real estate business. To help Realtors® stay well informed of the latest business technology skills and trends changing the real estate industry, the National Association of Realtors® is continuing its one-day technology conference series, NAR Tech Edge.
Statement from NAHB Chairman Granger MacDonald on Steven Mnuchin’s Confirmation as Treasury Secretary
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement regarding the Senate confirmation of Steven Mnuchin as Secretary of the Treasury
Early-Bird Rate Ends Tomorrow for 2018 Festival’s Building Science Pavilion
The early-bird rate to participate in the USA Science & Engineering Festival’s Building Sciences Pavilion to inspire and engage the next generation of building industry professionals ends tomorrow
CAP Announces Former CEQ Managing Director Christy Goldfuss to Serve as New Vice President...
The Center for American Progress announced today that Christy Goldfuss, former managing director of the White House Council on Environmental Quality, or CEQ, has rejoined CAP as the Center’s new Vice President for Energy and Environment Policy. As managing director, Goldfuss helped develop and implement the Obama administration’s environmental and energy policies, including the Climate Action Plan, President Barack Obama’s major initiative to combat climate change.
New York’s Energy Czar, Richard Kauffman, Receives SEIA Solar Champion Award
The Solar Energy Industries Association (SEIA) presented Richard Kauffman, New York’s chairman of energy and finance and NYSERDA Board chair, with the prestigious SEIA Solar Champion Award, an honor bestowed upon entities or individuals who have helped strengthen solar energy in America.
When Buying, Selling and Renovating, it’s an Animal House, Say Realtors
When making decisions about buying, selling or renovating their homes, Americans, by and large, take their pets' needs into account, according to a new report from the National Association of Realtors®. The 2017 Animal House: Remodeling Impact report found that 81 percent of respondents said that animal-related considerations play a role when deciding on their next living situation.
Wastewater Contained Following Sewer Main Break at the Piscataway Wastewater Treatment Plant
Working around the clock last night following the rupture of a pressurized sewer main yesterday afternoon, WSSC crews have contained the wastewater overflow at the Piscataway Wastewater Treatment Plant on Farmington Road in Accokeek
Swift Gains in Fourth Quarter Push Home Prices to Peak Levels in Majority of...
The best quarterly sales pace of the year pushed available housing supply to record lows and caused price appreciation to slightly speed up in the final three months of 2016, according to the latest quarterly report by the National Association of Realtors®. The report also revealed that sales prices in over half of measured markets since 2005 are now at or above their previous peak level.
SEIA Forms New Committee to Expand Efforts in Midwest
The Solar Energy Industries Association (SEIA) today announced the formation of the Midwest State Committee in an effort to expand its education and advocacy efforts in the region.