Access to mortgage credit increased in February, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA). The MCAI rose by 1.1% to 107.1 in February. A decline in the MCAI indicates that lending standards are...
Existing home sales increased by 1.7% month-over-month in February, to a seasonally adjusted annual rate of 4.09 million, according to data from the National Association of Realtors (NAR). On a year-over-year basis, sales were up by 1.4%. Month-over-month sales...
The luxury homebuilder Toll Brothers Inc. (NYSE:TOL) announced the grand opening of Linden Ridge, a boutique community of 26 single-family homes in Collegeville, Pennsylvania. Linden Ridge offers two-story home designs ranging from approximately 2,776 to over 3,700...
PennyMac Financial Services Inc. (NYSE: PFSI) has launched a suite of non-qualified mortgage (Non-QM) products in its third party origination (TPO) division. According to the Westlake Village, California-based company, the new products are designed to “help TPO...
A realtor in Murfreesboro, Tennessee, has been indicted on child exploitation and unlawful photography charges. Justin Holder has been charged with one count of aggravated sexual exploitation of a minor, two counts of disseminating unlawful photographs, two counts of...
The initiative to fund a proposed new Cleveland Browns stadium hit a roadblock when a magistrate rejected the plan to finance the venue. The Akron Beacon Journal reports Franklin County Magistrate Jennifer De Hunt ruled the state cannot use money from the Ohio...
Hits and Misses for the Real Estate Week of April 6-10
