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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...
Elle to Create Residential Tower in Miami

Elle to Create Residential Tower in Miami

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

The Elle lifestyle media brand has announced its first residential tower with the launch of Elle Residences Miami. The 25-story property will include 180 residences that will be delivered turnkey with interiors inspired by the designs featured in Elle Décor. The...
MBA: Mortgage Credit Availability Up for Sixth Consecutive Month

MBA: Mortgage Credit Availability Up for Sixth Consecutive Month

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

Mortgage credit availability was on the rise last month, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) rose by 1% to 95.0 in June; the index was benchmarked to 100 in March 2012. The...
Foreclosure Activity Down During First Half of the Year

Foreclosure Activity Down During First Half of the Year

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

A total of 177,431 properties carried foreclosure filings — default notices, scheduled auctions or bank repossessions — during the first six months of this year, according to new data from ATTOM. This represents a 4.4% decline from the same time period one year ago,...
Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week

Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week

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

The median home sale price broke a record for the ninth consecutive week, reaching a level of $397,482 during the four weeks ending July 7, according to new data from Redfin (NASDAQ:RDFN). This represents a 4.7% year-over-year spike and the biggest increase in over...
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