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Mortgage Application Activity is Dull, Forbearance Levels Drop

Mortgage Application Activity is Dull, Forbearance Levels Drop

by Phil Hall | Jan 22, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity remained flat for the week ending Jan. 17, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by a scant 0.1% on a seasonally...
Virginia Man Pleads Guilty in $1.3 Million Title Fraud Case

Virginia Man Pleads Guilty in $1.3 Million Title Fraud Case

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A Virginia man pleaded guilty to real estate and tax fraud for his role in a scheme to obtain title to a $1.3 million home in Roanoke County. According to the charges brought against him, Herman Estes filed a false amended income tax return for 2021 claiming he was...
Forecast: Utah’s Population to Grow by Half-Million Over Next 9 Years

Forecast: Utah’s Population to Grow by Half-Million Over Next 9 Years

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new forecast is predicting the population of Utah will grow by a half-million over the next nine years, which could exacerbate the state’s ongoing housing challenges. According to a report from Brigham Young University’s Daily Universe, the forecast would put Utah’s...
Evernest Acquires Poplar Homes

Evernest Acquires Poplar Homes

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Birmingham, Alabama-headquartered Evernest, a single-family and small multifamily property platform, has acquired Cupertino, California-based property management firm Poplar Homes. Poplar serves property owners in 17 states, including six where Evernest did not have a...
Nashville Man Sentenced to 4 Years for Covid-Era Rental Assistance Fraud

Nashville Man Sentenced to 4 Years for Covid-Era Rental Assistance Fraud

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Nashville man was sentenced to four years in prison plus three years of supervised release for his role in a scheme to fraudulently obtain emergency rental assistance designated for households impacted by the Covid-19 pandemic. According to the charges brought...
Travis Saxton Joins RE/MAX Holdings as EVP of Strategy

Travis Saxton Joins RE/MAX Holdings as EVP of Strategy

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

RE/MAX Holdings Inc. (NYSE:RMAX), the parent company of the brokerage franchise RE/MAX and Motto Mortgage, has hired Travis Saxton as executive vice president of strategy, reporting directly to CEO Erik Carlson. In his new job, Saxton will guide real estate strategy...
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