Mortgage Applications Down, Forbearance Levels Up
Mortgage application activity is in decline while forbearance levels are on the rise, according to data reports from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 6.7% on a...
Pennsylvania Home Sales Down Despite Growing Inventory
Home sales in the Keystone State were down in September despite a spike in new listings, according to new data from the Pennsylvania Association of Realtors (PAR) A total of 9,538 home sales were recorded, down 6.5% compared to September 2023. This occurred despite...
Denny’s to Close 150 Restaurants
The financially ailing Denny’s Corp. (NASDAQ: DENN) announced it was closing 150 of its lowest-performing restaurants, roughly 10% of its locations. According to an Associated Press report, the Spartanburg, South Carolina-headquartered Denny’s stated that...
Howard M. Lorber Abruptly Retires as Douglas Elliman’s Chief Executive
Miami-headquartered Douglas Elliman Inc. (NYSE: DOUG) announced that Howard M. Lorber will retire from his position as president, CEO and chairman of the board. Douglas Elliman Board Director Michael Liebowitz has been appointed chairman and CEO. Liebowitz is...
New Partnership Places Zillow 3D Home Tours on Realtor.com
Zillow (NASDAQ: Z, ZG) and the News Corp (NASDAQ: NWSA) subsidiary Realtor.com announced an agreement where Zillow 3D Home tours, interactive floor plans and photos will be shared in listings syndicated to Realtor.com. This is the second agreement between the...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
