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Woman at Center of North Carolina Deed Theft Case Continuing Her Scams

Woman at Center of North Carolina Deed Theft Case Continuing Her Scams

by Phil Hall | Nov 27, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A woman who gained notoriety for attempting a deed theft scam on the mansion of a dentist in Raleigh, North Carolina, has obviously not learned any lessons from her miscreant shenanigans. WRAL reported that Dawn Mangum was arrested and charged with felony last...
Mortgage Rates Stay Flat Ahead of Holiday Weekend

Mortgage Rates Stay Flat Ahead of Holiday Weekend

by Phil Hall | Nov 27, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Mortgage rates remained flat ahead of the Thanksgiving holiday weekend, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.81% as of Nov. 27, down from last week when it averaged 6.84%. A...
Diana Whitmire Named Chief Operations Officer at Diamond Residential Mortgage Corp.

Diana Whitmire Named Chief Operations Officer at Diamond Residential Mortgage Corp.

by Phil Hall | Nov 27, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Lake Forest, Illinois-based Diamond Residential Mortgage Corp. (DRMC) has promoted Diana Whitmire to chief operations officer. Whitmire has been with DRMC since its inception in 2009 and has served as senior vice president of compliance and quality control since 2021....
Pending Home Sales Up for Third Straight Month

Pending Home Sales Up for Third Straight Month

by Phil Hall | Nov 27, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, Uncategorized, WRE News Exclusive

Pending home sales during October marked the third consecutive month of upward movement, according to data from the National Association of Realtors (NAR). The Pending Home Sales Index, NAR’s indicator of home sales based on contract signings, rose by 2.0%...
Mortgage Application Activity Rises by 6.3%

Mortgage Application Activity Rises by 6.3%

by Phil Hall | Nov 27, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications were on the rise in new data from the Mortgage Bankers Association (MBA) covering the week ending Nov. 22. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 6.3% on a seasonally adjusted basis from one...
Sterling Organization Sells Charlotte-Area Retail Center for $70 Million

Sterling Organization Sells Charlotte-Area Retail Center for $70 Million

by Phil Hall | Nov 27, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Sterling Organization, a private equity real estate investment firm focused on retail property assets, announced the $70 million sale of Windsor Square in the Charlotte suburb of Matthews, North Carolina. The 661,156-square-foot retail center was completed in 1987 and...
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