CFPB Finalizes Rule on PACE Loan Protections
The Consumer Financial Protection Bureau (CFPB) has finalized a rule covering existing residential mortgage protections to Property Assessed Clean Energy (PACE) loans. PACE loans are used by homeowners for clean energy upgrades and disaster readiness that are paid...
Real Estate Investor Sentenced for Role in Mortgage Fraud Scheme
A New Jersey real estate investor was sentenced to five years in prison and ordered to pay $22 million in restitution for his role in a $54.7 million multi-year mortgage fraud scheme. Aron Puretz was an employee of Apex Equity Group, a real estate investment and...
Mortgage Application Activity Down Slightly
Mortgage application activity recorded a slight decline in data from the Mortgage Bankers Association covering the week ending Dec. 13. The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 0.7% on a seasonally adjusted basis...
Single-Family Housing Starts Up 6.4%
Single-family housing starts in November were at a rate of 1.01 million, according to new data from the US Census Bureau and the US Department of Housing and Urban Development. This is 6.4% above the revised October figure of 950,000. Privately-owned housing starts in...
RE/MAX Holdings Launches Commerce Media Network
RE/MAX Holdings Inc. (NYSE: RMAX), parent company of RE/MAX LLC and Motto Mortgage, is launching a commerce media network. Working in partnership with the media agency Kontrol Media, the company’s RE/MAX Media Network is being promoted as a vehicle that creates “new...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
