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CBC Mortgage Agency Adds USDA Loans to Correspondent Offerings

CBC Mortgage Agency Adds USDA Loans to Correspondent Offerings

by Phil Hall | Aug 1, 2023 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

CBC Mortgage Agency, a Native American-owned nationally chartered housing finance agency headquartered in Cedar City, Utah, was approved by the U.S. Department of Agriculture (USDA) to provide 30-year mortgage loans for borrowers outside of urban and suburban areas....
Canadian Fintech Bloom Finance Co. Expands Reverse Mortgage Platform to Alberta

Canadian Fintech Bloom Finance Co. Expands Reverse Mortgage Platform to Alberta

by Phil Hall | Aug 1, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian fintech Bloom Finance Co. Ltd. expanded the availability of its reverse mortgage release platform to homeowners ages 55 and older in Alberta. The expansion follows Bloom’s launch in Ontario in 2021 and British Columbia in 2022. Bloom is the first...
A Phil Hall Op-Ed: Should Biden Pay Homeowners to Sell Their Properties?

A Phil Hall Op-Ed: Should Biden Pay Homeowners to Sell Their Properties?

by Phil Hall | Jul 31, 2023 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: One of the major stumbling blocks in today’s housing market is the abnormally low inventory of existing homes listed for sale. The absence of these properties is hardly mysterious – why would anyone voluntarily move out of a secure residence and go...
Howard Hughes’ One-Time LA Mansion Listed for $23 Million

Howard Hughes’ One-Time LA Mansion Listed for $23 Million

by Phil Hall | Jul 31, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Los Angeles mansion that was the home to Howard Hughes during his rise to prominence as an aviation industry executive and Hollywood filmmaker has been listed for sale at $23 million. The 0.69-acre property is adjacent to the Wilshire Country Club’s eighth hole,...
Varun Krishna to Become Next CEO at Rocket Companies

Varun Krishna to Become Next CEO at Rocket Companies

by Phil Hall | Jul 31, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company, has appointed Varun Krishna as CEO, effective Sept. 5. Krishna will succeed Bill Emerson, who has served as interim CEO since June following the retirement of Jay Farmer. The company also...
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