Source: Housing Wire — Following an incredible year for refinances that mostly benefited wealthier borrowers, the Federal House Finance Agency announced it is implementing a new refi product that targets low-income borrowers with single-family mortgages backed...
Source: CFPB — WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to October 1, 2022. The CFPB is taking this action to help...
Source: The World Property Journal — U.S. property broker Redfin is reporting this week that the median home-sale price increased 18% year over year to $344,625–an all-time high. Mortgage purchase applications increased 6% week over week (seasonally...
Source: Keeping Current Matters— Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as...
Source: Forbes — When shopping for commercial real estate financing, it all comes down to the numbers. There’s one figure that borrowers tend to view with laser focus: the interest rate. But the cost of commercial financing is only one side of the...
Source: CNBC — Ten days after closing the year’s most expensive mansion sale in Delray Beach, Florida for $19 million, luxury real estate broker Senada Adzem got an unexpected phone call. Read...
Senate Approves 21st Century ROAD to Housing Act
