First Community Mortgage (FCM), a Nashville-based subsidiary of First Community Bank of Tennessee, has named Jeff Pancer to the new position of executive vice president of capital markets. Pancer’s career spans over three decades in the secondary markets. Prior to...
Housing payments have declined for the fifth week in a row, according to new data from Redfin (NASDAQ:RDFN) that found the average homebuyer’s monthly mortgage payment was $2,575 during the four weeks ending Nov. 26, down $164 from a peak of $2,739 last month but up...
Plaza Partners, a real estate investment, development, and management company focused on the Greater Toronto Area, has rebranded as Resident. According to the company Resident will continue under its new brand to “leverage its extensive in-house expertise and industry...
The New York City townhome that was the residence of award-winning composer and lyricist Stephen Sondheim from 1959 until his death in 2021 was sold for its $7 million asking price. Compass listing agent Michael Franco confirmed the sale to the Wall Street Journal but...
Mortgage rates continued their downward trajectory for the fifth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.22% as of Nov. 30, down from last week when it...
The Federal Housing Administration (FHA) is seeking industry feedback on its proposed changes to its 203(k) Rehabilitation Mortgage Insurance Program. The 203(k) program is designed to help borrowers purchase a home or refinance an existing mortgage and include the...
