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CVS Health Provides $35 Million for Affordable Housing Projects in Hawaii

CVS Health Provides $35 Million for Affordable Housing Projects in Hawaii

by Phil Hall | Feb 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

CVS Health (NYSE: CVS) announced the allocation nearly $35 million in equity investments towards the creation of two new affordable housing developments in Hawaii. In collaboration with Urban Housing Communities, Ikaika ‘Ohana and Hunt Capital Partners, CVS...
FHA Launches New Loan Modification Option

FHA Launches New Loan Modification Option

by Phil Hall | Feb 21, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) is rolling out a new loss mitigation home retention option aimed at delinquent borrowers with FHA-insured single-family forward mortgages. The new option is called the Payment Supplement and it allows mortgage servicers to...
The House Where Jeff Bezos Created Amazon Sells for $2.29 Million

The House Where Jeff Bezos Created Amazon Sells for $2.29 Million

by Phil Hall | Feb 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The house where Jeff Bezos launched Amazon has been acquired. According to Mansion Global, the 1,540-square-foot residence at 10704 NE 28th Street in the Seattle suburb of Bellevue, Washington, as listed last month at $2.29 million and is now being identified as a...
HUD Allocates $115 Million in Grants to Rental Housing for Low-Income Seniors

HUD Allocates $115 Million in Grants to Rental Housing for Low-Income Seniors

by Phil Hall | Feb 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) announced $115 million in grant funding will be made available to support the development and improvement of affordable rental housing for low-income seniors. The funds are being provided under HUD’s Section...
Mortgage Application Activity Goes Kerplop

Mortgage Application Activity Goes Kerplop

by Phil Hall | Feb 21, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of mortgage application activity plummeted in the latest data report from the Mortgage Bankers Association (MBA). For the week ending Feb. 16, the MBA’s Market Composite Index dropped by 10.6% on a seasonally adjusted basis from one week earlier; the...
North Carolina Regional MLS in Collaboration for Interactive Video Software Platform

North Carolina Regional MLS in Collaboration for Interactive Video Software Platform

by Phil Hall | Feb 21, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

North Carolina Regional MLS (NCRMLS) has teamed with Ask the Agent (ATA), a video communications software company, in an endeavor that brings interactive video software platform to NCRMLS’ real estate professionals. According to the companies, the new...
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