The District of Columbia Housing Finance Agency (DCHFA) has named Marcus Ervin as senior vice president of multifamily lending and neighborhood investments (MLNI). In his new role, Ervin will serve as the agency’s chief underwriter with responsibilities for developing...
The 30-year fixed-rate mortgage surged higher, averaging 7.57% as of Oct. 12, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). Last week, it averaged 7.49%, and a year ago at this time it averages 6.92%. “For the fifth...
U.S. home values took a miniscule – but still unexpected – decline of 0.1% from August into September, according to new data from Zillow Group (NASDAQ:Z. ZG). Nonetheless, the typical home value is currently $350,091, up roughly 2% year-over-year, while 31 of the 50...
A total of 124,539 residential properties carried foreclosure filings during the third quarter of this year, according to new data from ATTOM. This is up 28% from the second quarter and up 34% from one year ago. A total of 37,679 properties had foreclosure filings in...
The Consumer Financial Protection Bureau (CFPB) and U.S. Federal Trade Commission (FTC) announced a joint action against a rental screening subsidiary of TransUnion (NYSE:TRU), charging the company with violations of the Fair Credit Reporting Act. In a press...
“Viewpoint,” a television series hosted by Dennis Quaid, is collaborating with the real estate investment firm Lakeland Capital for an upcoming episode designed to educate viewers on multifamily housing solutions and the sector’s potential within real estate...
Hits and Misses for the Real Estate Week of May 11-15
