Mariah Carey Sells Atlanta Mansion at Discounted Price
Mariah Carey hit a decidedly off-key note in the effort to sell her Atlanta mansion. According to the Atlanta Journal-Constitution, the Grammy-winning music star acquired her 4-acre property featuring a 12,575-square-foot residence with nine bedrooms and nine...
Inflation Causes Most Homeowners to Postpone Renovations, But They’re Not Planning to Move
Inflation is hammering homeowners who were previously eager to pursue renovations on their residence, according to a new survey from Discover Home Loans. However, a challenging economy is also keeping most of their homeowners from moving out and searching for a new...
FHLBank Boston Debuts Pilot Program to Assist Nonwhite First-Time Buyers
The Federal Home Loan Bank of Boston (FHLBank Boston) is rolling out Lift Up Homeownership, a pilot program designed provide down payment and closing cost assistance to people of color who are purchasing their first home. Lift Up Homeownership will be available to...
MBA: Commercial and Multifamily Mortgage Delinquencies Up in Q1
The Mortgage Bankers Association (MBA) reported that commercial and multifamily mortgage delinquencies increased in the first quarter of this year. Within this sector, the delinquency rate was highest for commercial mortgage-backed securities (CMBS) at 3%, an increase...
ESSA Bank & Trust in $3 Million Settlement with Feds Over Redlining Charges
The U.S. Department of Justice (DOJ) has reached a $3 million settlement with ESSA Bank & Trust (ESSA) to resolve allegations that it engaged in the redlining of majority-Black and Hispanic neighborhoods in and around Philadelphia. According to the DOJ, ESSA...
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