The U.S. Department of Justice (DOJ) has reached a settlement with Folsom, California-based FPI Management Inc., a multifamily property management firm, in which the company will pay $74,087 to resolve allegations that it violated the Servicemembers Civil Relief Act...
Another prominent San Francisco property has become the subject of property owner defaulting on its mortgage. The San Francisco Business Times reported Swift Real Estate Partners defaulted on a $62.3 million loan for 55 New Montgomery St., a 111-year-old office...
Mortgage rates took a dip for the second consecutive week, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.69% as of June 15, down from last week when it averaged 6.71%. A year ago at...
The total number of U.S. homes for sale for the four weeks ending June 11 was 6% lower from one year earlier, according to data from Redfin (NASDAQ:RDFN). This is the biggest decline in 13 months. Redfin reported new listings were down by 23%, which marked the tenth...
The Federal Housing Administration (FHA) is making more than 30 single-family home loan documents and related resources used in the origination of FHA-insured mortgages available in Chinese, Korean, Spanish, Tagalog and Vietnamese. According to the agency, the...
UnidosUS, a nonprofit, nonpartisan Hispanic civil rights organization, has launched HOME (Home Ownership Means Equity), a new initiative that seeks to enable four million new Hispanic homeowners by 2030. According to the Washington, D.C.-based organization, HOME will...
