Category Archives: Mortgage

Video New Year Message from OnlineEd

Happy New message from OnlineEd By Jeff Sorg, OnlineEd Blog (January 2, 2018) (PORTLAND, OR) – Here’s to yesterday’s achievements and tomorrow’s brighter future. Happy New Year from all of us at OnlineEd®! ### For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers visit www.OnlineEd.com. All information contained in […]

Leonard and Penny Named Most Desirable Neighbors for 2018; The Simpsons Named Least Desirable

One in three Americans say the Simpsons would be the worst TV family to have next door By Jeff Sorg, OnlineEd Blog (December 27, 2017) (SEATTLE) PRNewswire – Americans would most like to be neighbors with Leonard Hofstadter and Penny from CBS’s The Big Bang Theory, according to the 11th annual Zillow® Celebrity Neighbor Survey. The Simpson family from FOX’s The Simpsons were […]

HUD Reports Home Sales Rise 26.6 Percent (±16.6 percent)

Median Sale Price Hits $377,100 By Jeff Sorg, OnlineEd Blog (December 22, 2017) (WASHINGTON, D.C. – HUD) Sales of new single-family houses in November 2017 were at a seasonally adjusted annual rate of 733,000. This is 17.5 percent (±10.4 percent) above the revised October rate of 624,000 and is 26.6 percent (±16.6 percent) above the November 2016 […]

Homelessness Increases

There were 58,000 families with children experiencing homelessness on a single night in 2017 By Jeff Sorg, OnlineEd Blog (December 7, 2017) WASHINGTON – There is a great deal of variation in the data in different parts of the country, however, and many places continue to see reductions in homelessness. Thirty (30) states and the District […]

Investors Indicted for Bid Rigging at Real Estate Auctions

The Antitrust Division has prosecuted bid-rigging in multiple states By Jeff Sorg, OnlineEd Blog (November 7, 2017) (WASHINGTON, DC) A federal grand jury in West Palm Beach has returned an indictment against three high-volume Florida real estate investors for conspiring to rig bids submitted through the online property foreclosure auction process, the Department of Justice announced on November […]

Texas Bank Penalized $2 Million for Violations of Anti-Money Laundering

FinCEN assesses civil money penalty against Lone Star National Bank (Lone Star) of Pharr, Texas for willfully violating the Bank Secrecy Act By Jeff Sorg, OnlineEd Blog (November 2, 2017) (WASHINGTON, D.C.) – The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a $2 million civil money penalty against Lone Star National Bank (Lone Star) of […]

National Home Prices NSA Index Reaches New Highs as Momentum Continues

U.S. National Home Price NSA Index reported a 6.1% annual gain in August, up from 5.9% in the previous month By Jeff Sorg, OnlineEd Blog (November 1, 2017) (NEW YORK, OCTOBER 31, 2017) – S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released […]

September New Home Purchase Mortgage Applications Down 7.5 Percent Year over Year

 Applications decreased by 20 percent when compared to August 2017 By Jeff Sorg, OnlineEd Blog (October 13, 2017) The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for September 2017 shows mortgage applications for new home purchases decreased 7.5 percent when compared to September 2016. Additionally, applications decreased by 20 percent when compared to August […]

CFPB Orders Meridian Title to Pay up to Pay up to $1.25 million & Disclose its Interests in Future Transactions

CFPB Takes Action Against Settlement Services Provider for Steering Consumers to Affiliated Business By Jeff Sorg, OnlineEd Blog (October 2, 2017) The Consumer Financial Protection Bureau (CFPB) took action against real estate settlement services provider Meridian Title Corporation for steering consumers to a title insurer owned in part by several of its executives without making disclosures […]

Millennials Going Over Budget to Buy – Generation Z Enters the Market as Renters

Report explores affordability challenges facing renters and a first look at Generation Z’s housing patterns By Jeff Sorg, OnlineEd Blog (September 27, 2017) SEATTLE, Sept. 27, 2017 /PRNewswire/ — Millennials poured some $514 billion into the U.S. housing market over the last year as the largest generation of home buyers. But new survey data shows their […]

Categories: Mortgage, Real Estate