The total number of mortgages now in forbearance dipped by 2 basis points from 0.38% of servicers’ portfolio volume in February to 0.36% by the end of March, according to data from the Mortgage Bankers Association (MBA), which estimated 180,000 homeowners are in...
Three Democratic California lawmakers – Sen. Alex Padilla and Reps. Ted Lieu and Salud Carbajal – have reintroduced the Housing for All Act to finance federal and local programs designed to address the homelessness crisis that worsened during the Biden administration....
Sotheby’s International Realty has recruited Mary Lee Blaylock to become president of brokerage. In her new job, Blaylock will be responsible for leading company-owned brokerage operations, overseeing 48 brokerage offices that support more than 2,300 affiliated...
Federal Housing Finance Agency (FHFA) Director Bill Pulte posted a series of comments on X today that offered somewhat unusual messaging on how the regulatory agency is operating. Pulte first declared, “After 4 years of the housing industry being asleep, Fannie Mae...
JPMorgan Chase (NYSE: JPM) has expanded the size of its San Francisco regional headquarters office. The San Francisco Standard reports the bank will lease an additional 65,000 square feet at 560 Mission Street, the 31-story tower also known as the JPMorgan Chase...
The NRP Group, a developer, builder, and manager of multifamily housing, announced the financial close and groundbreaking of a 340-unit, mixed-income housing community in Anna, Texas, located about 45 miles from Dallas. The new community will encompass diverse income...
