The delinquency rate for mortgages on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.62% of all loans outstanding at the end of the third quarter, according to new data from the Mortgage Bankers Association (MBA). The third...
The retailer Lowe’s (NYSE:LOW) is launching Home Repair Workshops, where store associates will teach customers the basics of home repair and maintenance through live, interactive workshops. Beginning on Nov. 11, Home Repair Workshops will be hosted in 100 stores...
Nestor R. Weigand Jr., a Kansas real estate executive who served as president of the National Association of Realtors in 1988, passed away on Nov. 1 at the age of 84. Weigand was born in 1939 and graduated from the University of Notre Dame with a BBA in finance in...
Mortgage rates were in decline this week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.5% as of Nov. 9, down from last week when it averaged 7.76%. A year ago at this time, it...
Total mortgage balances were up 3.2% during the third quarter while total mortgage origination plummeted by 36.5%, according to new data from TransUnion (NYSE: TRU). After recording a slight decline in the second quarter, mortgage balances increased to $11.8 trillion...
Freddie Mac (OTCQB: FMCC) announced the appointment of Lance Drummond as chairman of its board of directors. He will succeed Sara Mathew, who will retire from the board next February.as Board chair and as a Director in February 2024, as required by the company’s...
Hits and Misses for the Real Estate Week of June 29-July 3
