Sen. Elizabeth Warren (D-MA) is demanding the Federal Reserve cut the federal funds rate during its policy meeting this week. Warren, joined by Sens. Jacky Rosen (D-NV) and John Hickenlooper (D-CO), wrote a letter to Federal Reserve Chairman Jerome Powell stating a...
A total of 32,621 residential properties with foreclosure filings were recorded in May, according to data from ATTOM. This is up by 3% from April but down 7% from May 2023. One in every 4,320 housing units across the country had a foreclosure filing last month. The...
In this edition of Person of the Week, Teresa Kinney, CEO of the Miami Association of Realtors, discusses how her organization is addressing the changes coming to the broker commission environment. How have the members of the Miami Association of Realtors reacted to...
The National Association of Mortgage Brokers (NAMB) is partnering with the National Association of Minority Mortgage Bankers of America (NAMMBA) on a strategic alliance focused on encouraging diversity, equity, and inclusion within the mortgage industry. According to...
The U.S. Department of Veterans Affairs (VA) issued a circular announcing a temporary policy change that will enable borrowers using the VA home loan program to pay certain real estate buyer-broker fees when purchasing a home. The circular comes in the wake of the...
A Dallas-area pastor was sentenced to 35 years for property theft involving three churches. Whitney Foster led True Foundation Non-Denominational Church, a small congregation without a physical place of worship. According to the charges brought against him, Foster...
Hits and Misses for the Real Estate Week of May 11-15
