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Utah Leads the Nation in Home Improvement Loans

Utah Leads the Nation in Home Improvement Loans

by Phil Hall | Nov 15, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An average of 361 home improvement loans are originated for every 100,000 owner-occupied houses, according to a new data report by LendingTree (NASDAQ:TREE). Also on average, 77.8% of new home improvement loans across the 50 states are second-lien mortgages. And among...
Rocket Mortgage Faces Second Lawsuit Alleging Telemarketing Overkill

Rocket Mortgage Faces Second Lawsuit Alleging Telemarketing Overkill

by Phil Hall | Nov 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

For the second time in five months, Rocket Mortgage, a division of Rocket Companies (NYSE: RKT), is being sued because of overly aggressive telemarketing outreach. The National Law Review reported a class action lawsuit was brought by Kellie Deits, an Arizona resident...
Sotheby’s International Realty Expands in Upstate New York

Sotheby’s International Realty Expands in Upstate New York

by Phil Hall | Nov 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sotheby’s International Realty has expanded into the Rochester, New York-area market with the addition of High Falls Sotheby’s International Realty. The newly added firm is the company’s 60th office in New York State, with 23 real estate associates serving...
Leadership Changes Coming to Fannie Mae

Leadership Changes Coming to Fannie Mae

by Phil Hall | Nov 15, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fannie Mae (FNMA/OTCQB) announced a series of changes within its leadership ranks. President David C. Benson will retire in early to mid-2024. He has been with the government-sponsored enterprise for 21 years and served in a wide range of positions, including interim...
New York Governor Signs Deed Theft Protection Law

New York Governor Signs Deed Theft Protection Law

by Phil Hall | Nov 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York Gov. Kathy Hochul signed legislation designed to protect state residents from deed theft. Legislation S.6577/A.6656 enables the New York State Attorney General and local district attorneys investigating or litigating deed theft to pause related eviction and...
NAR’s Yun: 15% Spike in Home Sales Coming Next Year

NAR’s Yun: 15% Spike in Home Sales Coming Next Year

by Phil Hall | Nov 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. home sales will likely decline by 18% this year, compounding a 17% reduction from last year – but next year should see a 15% increase in sales activity, according to a forecast from National Association of Realtors (NAR) Chief Economist Lawrence Yun. Speaking at...
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