As both current homeowners and potential homebuyers are settling more into their prospective communities, turning to federally-insured credit unions for their mortgage and banking needs has become a viable option. On Monday the National Credit Union Administration (NCUA) released its 2017 Q1 call report data, which reports growth all across the board for federally insured credit unions. Dan Berger, the President and CEO of the National Association of Federally-Insured Credit Unions (NAFCU) attributes the overall growth first and foremost to growing membership, which rose 4.2 percent, over 4.3 million more members than were registered a year ago.

RE/MAX Holdings, Inc. announced Tuesday the immediate appointment of COO Adam Contos to RE/MAX Co-CEO sharing responsibilities with Co-Founder and now Co-CEO Dave Liniger.

Wells Fargo Home Lending announced that Liz Bryant will now lead the company’s retail sales organization reporting to Head of Mortgage Production, Michael DeVito.

Bank boards might see less directives from the Federal Reserve if Jerome Powell has his way. The Federal Reserve Governor would like to allow banks’ board of directors to spend more time worrying about management and less time on day to day tasks. He also acknowledges the industry’s frustration with the lack of transparency in the CCAR, and would like to amend it to make it more efficient and effective.

In a new survey, more homebuyers cited that their reasoning for buying a home was personal choice—build equity, move to a good school district, have a larger yard or living area, secure a vacation home—than out of necessity. Twenty-six percent said sudden or unexpected changes to their life, such as pregnancy, marriage, divorce, a death in the family, financial hardship, or health reasons necessitated their purchasing of a phone, as opposed to the former 31 percent. Unsurprisingly, those who wanted to buy were more likely to secure a FHA loan to pay for their home, while those who felt like they needed to buy took a 30-year mortgage or paid cash.

As millennials secure stable post-recession jobs, they are flocking to the Midwest—particularly Minnesota, Wisconsin, and Indiana—to purchase homes. Low inventory and high demand have created a seller’s market in almost every region across the three states. Sellers have even reported getting multiple offers without having to negotiate.

Fannie Mae's Book of Business increased at a compound annualized rate of 1.3 percent in April. Fannie Mae's Gross Mortgage Portfolio increased temporarily in April, at a compound annualized rate of 52.5 percent. The Conventional Single-Family Serious Delinquency Rate decreased five basis points to 1.07 percent

A recent survey of mortgage professionals shows that a majority are ready for regulation changes to the Home Mortgage Disclosure Act. Most of those polled believe requirements for collecting, analyzing and reporting data, coupled with a lack of resources to manage the mortgage data, contributes to the rising cost of loans. Nearly a quarter share President Trump’s sentiment that policy changes to the mortgage industry would be beneficial to the lending market.

Year-over-year pending home sales indexes are down across the country in April for a second straight month due to a lack of inventory and an increase in prices. However, home sales activity still remains historically high, even during the downturn. Experts believe the market is still on track to post end-of-the-year increases, especially once real-estate investors decide to unload their rental properties.

On Tuesday, the S&P Dow Jones published its data from the S&P CoreLogic Case-Shiller Indices, a trio of indexes that measure change in the prices of residential homes on a national composite average, a 10-city composite average, and a 20-city composite average. March’s data shows a slow but steady rise in the price of homes on all three of the indexes measured, a trend which David Blitzer, the Managing Director and Chairman of the Index Committee at S&P Dow Jones, thinks will continue in the months ahead.