The latest Special Housing Risk Report from ATTOM has determined California and New Jersey had high concentrations of counties considered most at-risk during the first quarter. The report identified risk by affordability, proportion of seriously underwater mortgages,...
HomeXpress Mortgage Corp., a Santa Ana, California-based national originator of non-QM and business-purpose residential mortgage loans, announced it is being acquired by Chimera Investment Corp. (NYSE: CIM), a real estate investment trust, from Seer Capital...
Mortgage rates showed the barest of a downward movement in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.84% as of June 12, down slightly from last week when it averaged 6.85%. A year ago...
Just over 28% of homes are now selling above the asking price, according to a data report from Redfin (NASDAQ: RDFN). This is down from 32% one year earlier and the lowest level for this time of year since 2020 when the pandemic paralyzed the housing market. The share...
A California commercial real estate broker has pleaded guilty to a years-long pattern of obstructing the IRS from collecting taxes he owed. Pasadena-based Gabriel David Guerrero failed to timely file federal individual income tax returns for the years 1998, 1999, and...
The Missouri House of Representatives has approved a bill designed to keep Kansas City’s two major sports teams, MLB’s Royals and NFL’s Chiefs, in the state. Fox4KC.com reports the House passed Senate Bill 3, with enables the state to issue bonds valued at up to half...
Hits and Misses for the Real Estate Week of April 27-May 1
