Featured Real Estate News
Rocket Sues UWM, Claiming Breach of Contract of MSR Agreement
The Rocket Mortgage division of Rocket Companies (NYSE: RKT) has filed a lawsuit against United Wholesale Mortgage (NYSE: UWMC) claiming it breached the non-solicitation agreements linked to the sale of mortgage-servicing rights (MSR) to Nationstar Mortgage Group,...
Rocket Sues UWM, Claiming Breach of Contract of MSR Agreement
The lawsuit accused UWM chief executive Mat Ishbia of using foul language to proclaim his hatred for Rocket. Continue Reading Rocket Sues UWM, Claiming Breach of Contract of MSR Agreement
House Removes BTR Sale Provision from Senate’s Housing Bill
The House of Representatives has tweaked the Senate-approved 21st Century ROAD to Housing Act by removing a provision requiring institutional investors who own build-to-rent (BTR) single-family housing to sell their properties within seven years of construction. The...
Mortgage Rates Dip While Delinquency Levels Rise
Mortgage rates ticked down slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.36% as of May 14, a hair lower from last week’s average of 6.37%. A year ago at this time, it averaged...
Foreclosure Filings Up 18% From One Year Ago
A total of 42,430 residential properties carried foreclosure filings in April, down 8% from the prior month but up 18% from one year earlier. According to data from ATTOM, one in every 3,388 housing units nationwide had a foreclosure filing last month. Delaware posted...
News & Current Events
Study Finds Greater Savings in Buying New Homes Versus Older Homes
The savings are primarily from the lower utility costs from newer energy-efficient construction and the delayed replacement of major systems. Continue Reading Study Finds Greater Savings in Buying New Homes Versus Older Homes
Seth J. Ring to Become President and Chief Operating Officer at Toll Brothers
Ring began his career at Toll Brothers in 2004 as an assistant project manager in the Southern California division. Continue Reading Seth J. Ring to Become President and Chief Operating Officer at Toll Brothers
Canadian Home Sales Inched Up in April
The non-seasonally adjusted national average home price was $695,412 in April, up 2.2% from the same month last year. Continue Reading Canadian Home Sales Inched Up in April
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Exclusive News
House Removes BTR Sale Provision from Senate’s Housing Bill
The revised bill now states that institutional investors do not need to sell or divest “any covered single-family home purchased before or after the date of enactment of this Act.” Continue Reading House Removes BTR Sale Provision from Senate’s Housing Bill
Mortgage Rates Dip While Delinquency Levels Rise
The 30-year fixed-rate mortgage averaged 6.36% as of May 14. Continue Reading Mortgage Rates Dip While Delinquency Levels Rise
Foreclosure Filings Up 18% From One Year Ago
Lenders started the foreclosure process on 28,414 properties in April. Continue Reading Foreclosure Filings Up 18% From One Year Ago
Study Finds Greater Savings in Buying New Homes Versus Older Homes
The savings are primarily from the lower utility costs from newer energy-efficient construction and the delayed replacement of major systems. Continue Reading Study Finds Greater Savings in Buying New Homes Versus Older Homes
Seth J. Ring to Become President and Chief Operating Officer at Toll Brothers
Ring began his career at Toll Brothers in 2004 as an assistant project manager in the Southern California division. Continue Reading Seth J. Ring to Become President and Chief Operating Officer at Toll Brothers
Canadian Home Sales Inched Up in April
The non-seasonally adjusted national average home price was $695,412 in April, up 2.2% from the same month last year. Continue Reading Canadian Home Sales Inched Up in April
Whole Foods Expands Streamlined Daily Shops to 3 New Markets
Whole Foods Market launched the Daily Shop concept in New York City in 2024. Continue Reading Whole Foods Expands Streamlined Daily Shops to 3 New Markets
Ex-CFPB Director Rohit Chopra Nominated to Run California Consumer-Focused Agency
His position requires Senate confirmation and comes with a $254,450 salary. Continue Reading Ex-CFPB Director Rohit Chopra Nominated to Run California Consumer-Focused Agency
America’s Debt Crisis: The Numbers Are Screaming. Are We Listening?
The average American household now carries roughly $288,676 in national debt, owes $767 a month on a car payment, and is sitting on credit card balances at over 21% interest. Continue Reading America’s Debt Crisis: The Numbers Are Screaming. Are We Listening?