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1,500 Days on the Market: The Little Tasmanian House Nobody Loves (Yet)

1,500 Days on the Market: The Little Tasmanian House Nobody Loves (Yet)

by Phil Hall | Oct 5, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Some houses sell almost immediately after hitting the market and others take a little while before attracting a buyer. And then there is the case of No.2/31 Chaffey St. in Gladstone, Tasmania, which just passed its 1,500th day on the market. According to a report in...
Arch Capital Group Names Seamus Fearon CEO of International Mortgage

Arch Capital Group Names Seamus Fearon CEO of International Mortgage

by Phil Hall | Oct 5, 2023 | International Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Arch Capital Group Ltd. (NASDAQ: ACGL) has promoted Seamus Fearon to CEO of international mortgage for the Arch Global Mortgage Group. In this role, Fearon will have responsibility for managing Arch’s Australian and European mortgage operations as well as its...
Herbie Huesman Named SVP of Real Estate at USAA FSB

Herbie Huesman Named SVP of Real Estate at USAA FSB

by Phil Hall | Oct 5, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

San Antonio-based USAA Federal Savings Bank has promoted Herbie Huesman to senior vice president of real estate. Huesman will report to USAA FSB President Paul Vincent and continue to be based in the company’s Tampa office. Most recently, Huesman served as the...
Fintech PADS Financial Debuts Platform for Mortgage Origination and Servicing

Fintech PADS Financial Debuts Platform for Mortgage Origination and Servicing

by Phil Hall | Oct 5, 2023 | International Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

PADS Financial, a Montreal-based Fintech startup, announced the launch of PADS, an online platform for first and second rank mortgage origination and servicing within Canada’s housing market. According to the company, the PADS online portal enables users to...
30-Year Fixed-Rate Mortgage Surges to 7.49%

30-Year Fixed-Rate Mortgage Surges to 7.49%

by Phil Hall | Oct 5, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage spiked again, averaging 7.49% as of Oct. 5, according to new data from Freddie Mac (OTCQB: FMCC). This is up from last week when it averaged 7.31%. A year ago at this time, it averaged 6.66%. “Mortgage rates maintained their upward...
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