The U.S. Department of Housing and Urban Development (HUD) has proposed a new rule to govern the sale of seriously delinquent single-family mortgage loans insured by the Federal Housing Administration (FHA). The proposed rule includes changes made during a...
The annual pace of Canadian housing starts dropped by 9% from May to June, according to new data from Canada Mortgage and Housing Corp. (CMHC), adding the seasonally adjusted annual rate of housing starts in June amounted to 241,672 units, down from 264,929 in May....
The San Francisco-headquartered insurtech Embroker is now offering a specialized coverage program designed for real estate agents and brokers. According to the company, the coverage program offers professional liability, cyber, business owners, and worker’s...
Motto Mortgage has expanded into the New Hampshire market with the opening of its new franchise office Motto Mortgage Sail Home in Nashua. The new office was established by David Duplessis, whose 35 years of industry experience includes work at Wells Fargo Home...
The Miami-based fintech start-up Waltz Inc. is now offering foreign investors a platform to invest in and purchase US residential real estate within a 30-day period. Waltz is currently available in nine states – Alabama, Florida, Georgia, Maryland, Mississippi, North...
Foreign buyers purchased $42 billion worth of US existing homes between April 2023 and March 2024, according to new data from the National Association of Realtors (NAR). This represented a 21.2% from the prior 12-month period. Foreign buyers purchased 54,300...
