Thousands of potential homebuyers may find it easier to get on to the property ladder after a key mortgage affordability test was scrapped by the Bank of England.
The central bank has said the change – taking effect from 1 August – should not be viewed as “a relaxation of the rules”. However, some commentators said that while the move would be welcomed by many, there was a risk that some people would take out mortgages they were unable to afford.
The defendant was charged last August and pleaded guilty in September to one count of wire fraud and one count of making an illegal monetary transaction. Continue Reading Philadelphia Real Estate Agent Sentenced for Loan Fraud Scheme
“Agents are ultimately focused on what drives the best outcome for their clients,” said Jason Cassity, chief growth officer of Real. Continue Reading Do Clients Want Private Listings? Agents with The Real Brokerage Aren’t So Sure
National office vacancy declined by 100 basis points year-over-year to 13.6%. Continue Reading Q1 Vacancy Rates Drop for Canadian Office and Industrial Real Estate
The mayor proposed an ordinance allowing the city to commit up to $600 million through bonds to finance the development. Continue Reading Kansas City Mayor Pitches $1.9 Billion Plan for New Royals Stadium
The Senate Banking Committee has yet to receive requested paperwork from Warsh including financial disclosures. Continue Reading Senate Confirmation Hearing for Fed Chairman Nominee Kevin Warsh is Delayed
“Credit availability increased modestly in March to its highest level since August 2022,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved in March
Hits and Misses for the Real Estate Week of April 6-10
NAR in $52.2 Million Settlement of Tuccori Commissions Lawsuit
First-Time Homebuyers Accounted for 21% of the Texas Housing Market
Mid-Atlantic Region Records Spike in Listings
Portrait Bank, Central Florida’s First De Novo Bank in Nearly 10 Year…
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