As we navigate the economic landscape of 2024, homeowners must be acutely aware of the changing interest rate environment. These rates directly impact mortgage payments, refinancing opportunities, and home equity, making it crucial for homeowners to stay informed and...
U.S. Sen. Mike Lee (R-UT) has introduced the Federal Reserve Board Abolition Act, which would repeal the 1913 Federal Reserve Act while dissolving the Board of Governors of the Federal Reserve System and the Federal Reserve banks. “The Federal Reserve has...
The nonbank mortgage servicer Ocwen Financial Corporation has begun operating under its new brand name Onity Group Inc. The West Palm Beach, Florida-based company’s common stock will begin trading today on the New York Stock Exchange under the symbol “ONIT.” Onity’s...
Housing industry economists had mixed views of today’s data report from the U.S. Department of Labor that found the economy added more jobs than anticipated. During May, nonfarm payrolls expanded by 272,000, up from 165,000 in April and higher than a Dow Jones...
Residents of Edmonds, Washington, have been receiving hoax letters on the letterhead of the city government announcing their property is being seized to shelter illegal immigrants. The letters begin with this warning: “Upon the Biden administration’s suspending...
NNN Pro, the New York City-headquartered net lease investment sales and advisory firm, appointed Salvatore Troia as chief financial officer (CFO). Troia most recently served as CFO at Douglas Elliman Real Estate, a division of Douglas Elliman Inc (NYSE: DOUG). During...
