Today’s News Synopsis:

Veterans and active duty members are eligible for some of the lowest mortgage rates available, yet only 7% have used VA loans in the last 5 years.  The latest home price report from CoreLogic showed a 6.7% increase in home prices in June.  Los Angeles saw another rise in rents for the sixth straight month.

In The News:

CoreLogic – “CoreLogic US Home Price Report Shows Prices Up 6.7 Percent in June 2017” (8-1-2017)

“CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its CoreLogic Home Price Index (HPI) and HPI Forecast for June 2017 which shows home prices are up strongly both year over year and month over month”

Black Knight Financial Services – “LoanCare Signs Seven-Year Renewal With Black Knight for LoanSpeher MSP Servicing System” (8-1-2017)

“Black Knight Financial Services, Inc. (NYSE: BKFS) announced today that LoanCare, a ServiceLink company that is a leading national full-service residential subservicer, has signed a seven-year renewal to continue using Black Knight’s LoanSphere MSP, a comprehensive, end-to-end servicing system used by financial institutions to manage the servicing processes for both mortgage and home equity loans”

LA Curbed – “Rents Rise in LA For The Sixth Month In a Row” (8-1-2017)

“Rents in Los Angeles continue to steadily climb higher, with median prices increasing for the sixth month in a row, according to a report from rental website Apartment List.”

NAHB – “Cantwell-Hatch Bill Would Help Ease Affordable Housing Crisis” (8-1-2017)

“The National Association of Home Builders (NAHB) today called on Congress to pass the Affordable Housing Credit Improvements Act of 2017 (S. 548), legislation that would promote the construction of sorely needed rental apartments and help alleviate the nation’s affordable housing crisis”

BiggerPockets – “6 Ways to Teach Your Children About Building Wealth” (8-1-2017)

“I normally talk about apartment building investing but I wanted to talk about another topic that I’ve slowly started to work on with my kids as they get a bit older.”

Mortgage Bankers Association – “Commercial/Multifamily Borrowing Up 20 Percent Year-over-Year” (8-1-2017)

“According to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, second quarter 2017 commercial and multifamily mortgage loan originations were 20 percent higher than during the same period last year and 28 percent higher than the first quarter of 2017”

Business Insider – “The 25 best city skylines on the planet” (8-1-2017)

“Every city in the world has a unique skyline. But is it possible to say which is the best?”

HousingWire – “HUD to provide $179 million to help states recover form recent disasters” (8-1-2017)

“The U.S. Department of Housing and Urban Development Secretary Ben Carson announced today the department will provide an additional $178.5 million to states hit by disasters in the past two years.”

The Mortgage Reports – “VA Mortgage Rates Are The Lowest, So Why Aren’t More Veterans Using Them?” (8-1-2017)

“When it comes to mortgage rates, everyone is looking for the lowest one.  Mortgage shoppers wait for the right day to lock to save a fraction of a percentage point on their rate.”