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Maui County Donates 7 Lots to Nonprofit for Affordable Housing

Maui County Donates 7 Lots to Nonprofit for Affordable Housing

by Phil Hall | May 31, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Maui County government has donated seven lots in Kahului to a local nonprofit for the creation of affordable housing. According to Hawaii Public Radio, the donation is part of 19 lots in a 1.5-acre parcel at Maui Lani that the county authorized to give to the...
Katharine Hepburn’s Former NYC Home Listed for $7.2 Million

Katharine Hepburn’s Former NYC Home Listed for $7.2 Million

by Phil Hall | May 31, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The longtime New York City home of four-time Oscar-winning actress Katharine Hepburn has been listed for $7.2 million. The New York Post reported the 164-year-old five-story townhouse in Manhattan’s Turtle Bay neighborhood was acquired by Hepburn in 1931, who owned it...
CoreLogic: 32.7 Million Homes Face Damage Risk in 2024 Atlantic Hurricane Season

CoreLogic: 32.7 Million Homes Face Damage Risk in 2024 Atlantic Hurricane Season

by Phil Hall | May 30, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than 32.7 million residential properties from Texas to Maine are at risk of moderate or severe damage sustained from hurricane-force winds during this year’s Atlantic Hurricane Season, according to the 2024 Hurricane Risk Report published by CoreLogic. The depth...
Mortgage Application Payments Increased 2.5%

Mortgage Application Payments Increased 2.5%

by Phil Hall | May 30, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national median payment applied for by purchase applicants inched up by 2.5% in April to $2,256 from $2,201 in March, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index. Compared to one year ago, the payment level was...
CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’

CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’

by Phil Hall | May 30, 2024 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has begun a public inquiry into mortgage closing costs, claiming that so-called “junk fees” are inflating these costs. The agency issued a request for information regarding which fees are subject to competition, how fees...
GOP Lawmakers Question Proposed Freddie Mac Expansion into Second Mortgages

GOP Lawmakers Question Proposed Freddie Mac Expansion into Second Mortgages

by Phil Hall | May 30, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sen. Tim Scott (R-SC), the ranking member of the Senate Banking Committee, led a coalition of the Committee’s Republican members and 23 members of the House Financial Services to express concern over the proposal to allow Freddie Mac (OTCBQ:FMCC) to purchase and...
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