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Mortgage Originations Up 19% During Q2

Mortgage Originations Up 19% During Q2

by Phil Hall | Aug 28, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 1.76 million mortgages secured by residential property (one to four units) were issued in the second quarter, a 19.4% surge from the prior quarter and a 6.3% increase from the same period last year. According to data from ATTOM, the second quarter’s $601.7...
Connecticut Estate Once Owned by Mike Tyson and 50 Cent Listed for $9.9 Million

Connecticut Estate Once Owned by Mike Tyson and 50 Cent Listed for $9.9 Million

by Phil Hall | Aug 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Connecticut estate that was once owned by boxing great Mike Tyson and later by rapper 50 Cent is now on the market for $9.9 million. The 17.6-acre property in Farmington, Connecticut, features a 51,000-square-foot home with 19 bedrooms, seven bedrooms,...
Valerie White to Lead LISC’s National Housing Team

Valerie White to Lead LISC’s National Housing Team

by Phil Hall | Aug 28, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Local Initiatives Support Corporation (LISC), a New York City-headquartered nonprofit community development financial institution, has announced the appointed of Valerie White to lead its national housing team. White has served as senior executive director at LISC...
New Shariah-Compliant Real Estate Platform Aims for US Investors

New Shariah-Compliant Real Estate Platform Aims for US Investors

by Phil Hall | Aug 28, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Wahed, a New York City-based fintech, announced the launch of a Shariah-compliant private real estate investment platform for US investors. According to the company, the new offering eliminates the need for large upfront capital by offering fractional shares in...
30-Year Fixed-Rate Mortgage Downticks to 10-Month Low

30-Year Fixed-Rate Mortgage Downticks to 10-Month Low

by Phil Hall | Aug 28, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 6.56% as of Aug. 28, according to the latest Primary Mortgage Markey Survey published by Freddie Mac (OTCQB: FMCC). The latest reading is down from last week when it averaged 6.58%. A year ago at this time, it averaged 6.35%....
Federal Reserve Drama: Cook Sues Trump, Pulte Claims NY Times is Writing a ‘Hit Piece’ About Him

Federal Reserve Drama: Cook Sues Trump, Pulte Claims NY Times is Writing a ‘Hit Piece’ About Him

by Phil Hall | Aug 28, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The battle for control of the Federal Reserve Board of Governors continued on multiple fronts this morning as Fed Gov. Lisa Cook sued President Trump for his attempt to fire her while Federal Housing Finance Agency Director Bill Pulte claimed he is going to be a...
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