There is more unpleasant real estate news from San Francisco – according to Redfin (NASDAQ:RDFN), luxury home prices in San Francisco are falling faster than anywhere else in the nation. The median sale price of luxury homes in San Francisco plummeted by 12.7%...
The Mortgage Bankers Association (MBA) published its Home Equity Lending Study for the first time since 2020 and determined originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans were up 50% in 2022 compared to two years...
Chicago-headquartered Guaranteed Rate introduced OneDown, a mortgage product that features down payment options as low as 1% plus an additional 2% contribution towards that down payment. OneDown also offers borrowers a $1,000 contribution toward lender fees. The...
Banc of California Inc. (NYSE: BANC) and PacWest Bancorp (NASDAQ: PACW) have signed a definitive agreement to enact an all-stock merger transaction. Under the terms of the agreement, PacWest will merge into Banc of California, and Banc of California, N.A. will merge...
The Los Angeles-area home that was the retirement residence for legendary funnyman Bud Abbott sold for $1.25 million. The 0.27-acre property in Woodland Hills, California, features a three-bedroom, two-bathroom, 1,286-square-foot home built in 1956, along with a...
Rocket Mortgage Canada, a digital mortgage broker and part of Rocket Companies (NYSE: RKT), has expanded its operations to become a mortgage lender. The company is currently offering its own mortgage products in Ontario, where it is headquartered, and plans to expand...
The $120,000 Wake-Up Call: What Harvard’s New Housing Report Means fo…
