Today’s News Synopsis:

The Mortgage Bankers Association reported mortgage applications decreased by only 0.1% from last week, while refis decreased 5%.  Trulia reported the value of homes is actually less now than they were prior to the Crash.  Federal Reserve has decided once again to hold off on increasing rates.

In The News:

Mortgage Bankers Association – “Purchase Apps Up, Refis Down in Latest MBA Weekly Survey” (5-3-2017)

“Mortgage applications decreased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 28, 2017.”

Bloomberg – “Fed Refrains From Rate Hike While Maintaining Sunny Outlook” (5-3-2017)

“Federal Reserve officials left interest rates unchanged while signaling they’ll look past a recent deceleration in U.S. economic growth.”

CoreLogic – “CoreLogic Launches Innovative Mortgage Portfolio Value Monitoring Solution” (5-3-2017)

“CoreLogic^® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, announced today the introduction of its Total Home Value for Portfolio Monitoring solution.”

Trulia – “The Housing Recovery That Wasn’t” (5-3-2017)

“When it comes to the value of individual homes, the U.S. housing market has yet to recover. In fact, just 34.2% of homes nationally have seen their value surpass their pre-recession peak.”

DS News – “Ocwen Sees Net Loss, Servicing Up in Q1” (5-3-2017)

“The world is looking up for Ocwen Financial Corporation.  According to preliminary operating results released on Wednesday, the company lost an estimated $32.6 million—or $0.26 per share—for the first quarter of 2017.”

National Real Estate Investor – “Real Estate Industry Strives to Attract Young Talent via Compeitions, University Partnerships” (5-3-2017)

“A career in commercial real estate offers the freedom and flexibility that may be appealing to the latest generation of workers, but the industry has more work to do in attracting young talent, sources say.”

The Real Deal Magazine – “These were the biggest NYC real estate loans that closed in March” (5-3-2017)

“The largest New York City real estate loans that closed in March included a heap of refinancings but few construction financing deals.”

Yahoo Finance – “Real Estate Crowdfunding to Take Center Stage at Crowd Invest Summit” (5-3-2017)

“Crowd Invest Summit, the country’s largest crowdfunding investment conference, taking place on September 6^th and 7^th at the Los Angeles Convention Center, has today announced that it will be expanding its focus on Real Estate crowdfunding.”