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MBA: Only 0.23% of Loans in Forbearance at the End of 2023

MBA: Only 0.23% of Loans in Forbearance at the End of 2023

by Phil Hall | Jan 24, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Mortgage Bankers Association (MBA) reported the total number of loans now in forbearance decreased by 3 basis points to 0.23% as of Dec. 31. According to MBA’s estimate, 115,000 homeowners are in forbearance plans. In December 2023, the share of Fannie Mae and...
FHLBank San Francisco Launches $1 Million Tribal Nations Program

FHLBank San Francisco Launches $1 Million Tribal Nations Program

by Phil Hall | Jan 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has unveiled a $1 million Tribal Nations Program designed to provide infrastructure funding grants that will increase the supply of affordable housing for Native American communities. Grant dollars...
Connecticut Estate Designed by Frank Lloyd Wright Sells at Discounted Price

Connecticut Estate Designed by Frank Lloyd Wright Sells at Discounted Price

by Phil Hall | Jan 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Frank Lloyd Wright-designed house in New Canaan, Connecticut, was sold for $6 million after being initially listed for $8 million. The 7,000-square-foot Usonian Estate on a 14-acre property was designed by the iconic architect in 1955 and is one of his largest...
Realty One Group Expands Into Greek Market

Realty One Group Expands Into Greek Market

by Phil Hall | Jan 24, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Laguna Niguel, California-headquartered Realty One Group International has expanded its global presence into Greece. Odysseus Demetriades is the new franchisor for Greece and will convert his current real estate office to Realty One Group. This marks the 20th country...
MBA Forecasts $576 Billion in Commercial and Multifamily Mortgage Activity for 2024

MBA Forecasts $576 Billion in Commercial and Multifamily Mortgage Activity for 2024

by Phil Hall | Jan 23, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) released an updated forecast that predicts total commercial and multifamily mortgage borrowing and lending will reach $576 billion in 2024, up by 29% from last year’s estimated total of $444 billion. The total figure includes...
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