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HUD, Appraisal Foundation Offer Different Spins on Conciliation Agreement

HUD, Appraisal Foundation Offer Different Spins on Conciliation Agreement

by Phil Hall | Jul 12, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) and The Appraisal Foundation reached a conciliation agreement yesterday that resolved a December 2021 investigation ordered by former HUD Secretary Marcia Fudge into allegations of discrimination into the...
Mortgage Rates Slide Away from the 7% Mark

Mortgage Rates Slide Away from the 7% Mark

by Phil Hall | Jul 12, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Mortgage rates moved further away from the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.89% as of July 11, down from last week when it averaged 6.95%. A year ago at this time,...
CFPB Proposes Rule Changes to Help Prevent Foreclosures

CFPB Proposes Rule Changes to Help Prevent Foreclosures

by Phil Hall | Jul 11, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has proposed new rules designed to make it easier for homeowners to get help when they are struggling to pay their mortgage. According to the CFPB, the proposed changes would require mortgage servicers to focus on...
Christie’s International Real Estate Expands into Luxembourg

Christie’s International Real Estate Expands into Luxembourg

by Phil Hall | Jul 11, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Christie’s International Real Estate has expanded its European presence through an exclusive partnership with the Luxembourg realty firm Unicorn Real Estate. Founded and led by 33-year real estate veteran Fernand Hornung, Unicorn’s services include sales, leasing and...
Carrington Mortgage Services to Provide Section 184 Loans for Native Americans

Carrington Mortgage Services to Provide Section 184 Loans for Native Americans

by Phil Hall | Jul 11, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Anaheim, California-based Carrington Mortgage Services LLC (CMS) is now offering Section 184 Loans for Native Americans for its retail lending customers. The Section 184 Loan Guarantee Program provides loans for American Indians or Alaska Natives who are enrolled...
Lennar Debuts Two Communities in Alabama

Lennar Debuts Two Communities in Alabama

by Phil Hall | Jul 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder Lennar (NYSE:LEN) announced the debut of Aberdeen and Greenbrier, two new-home communities in Foley, Alabama. The Aberdeen community offers two open floorplans in homes ranging from 1,693 to 1,842 square feet, with three bedrooms and two baths. Pricing...
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