Daily Dose

The Senate Banking Committee on Tuesday recommended the nomination of Dr. Ben Carson as the 17th HUD Secretary be sent to the U.S. Senate floor for a full vote.

The Office of the Comptroller of the Currency’s announcement in early December that it would grant a special purpose national bank charter to non-bank financial technology companies is causing no small amount of concern in the industry.

The eventual increase in home and rent prices due to the gentrification of certain U.S. cities is good news for some. However, this process also has a dark side for those who can no longer afford to live in the areas which they previously called home.

The Federal Housing Finance Agency has taken over for Fannie Mae shareholders as the plaintiff in a lawsuit against accounting firm Deloitte & Touche accusing the company of negligent auditing practices that resulted in millions of dollars in losses to the shareholders.

The most recent data from HUD and the Census Bureau on new home sales indicated a 15 percent over-the-year increase. What will the newest data show? The industry will find out this week when HUD and the Census Bureau publish the latest report.

Those hoping for relief from mortgage insurance rates will have to keep waiting, as the Trump Administration suspended the premium reduction indefinitely right after the administration began.

A recent survey of realtors revealed an optimism for the housing market for 2017, but even so, there were still a couple of concerns on their minds.

The U.S. economy is projected to grow 2 percent in 2017, according to Fannie Mae, though that could change as the new administration’s policies become more clear.

Donald J. Trump was sworn in as the 45th President of the United States on Friday, while the nation—and the industry—listened in closely as he promised to rebuild the economy by putting American people first.

The past year saw extremely high demand for homeownership, causing nationwide home prices to rise considerably higher by the end of the year.