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...
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...
Mortgage application activity is on the rise, according to new data from the Mortgage Bankers Association (MBA) for the week ending Nov. 10. The Market Composite Index, the trade group’s measure of mortgage loan application volume, increased 2.8% on a seasonally...
A Florida real estate fraudster who stole a residential property by using a phony charity and then tried to hire a hitman to kill the property’s owners was sentenced to 17 years and six months in federal prison for murder for hire and obstruction of justice. Alexander...
The Federal Housing Finance Agency (FHFA) announced the 2024 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $70 billion for each government-sponsored enterprise (GSE), for a combined total of $140 billion to support the multifamily market. FHFA...
The Federal Housing Administration (FHA) has increased the allowable property inspection fee limits for property inspections of single-family homes associated with defaulted FHA-insured mortgages. The inspections are used in a servicer’s preservation and protection of...
Hits and Misses for the Real Estate Week of May 4-8
