The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) is making an additional $7.2 million in AHP Homeownership Set-aside Program funding available through its members. Under this initiative, eligible borrowers will be able to apply for up to $15,000 to help them...
Republic First Bancorp, Inc. (NASDAQ: FRBK), the Philadelphia-headquartered holding company for Republic First Bank d/b/a Republic Bank, announced it is shutting down its mortgage origination business. “Republic Bank will exit its legacy mortgage origination...
A new data study determined that Florida home buyers are paying much more than they should for their properties, based on long-term pricing trends. According to the Real Estate Initiative at Florida Atlantic University (FAU), all nine of the state’s nine measured...
Nearly half of the homes that are being listed for sale are being snatched up almost immediately, according to new data from Redfin (NASDAQ: RDFN). For the four-week period ending April 30, Redfin found 48% of homes that sold during that period went under contract...
Simon Property Group (NYSE:SPG) is focusing its near-term future on developing multifamily housing and hotels. Indianapolis-headquartered REIT announced during its Q1 earnings call this week that is plans to develop and construct approximately 2,000 residential units...
Better, the New York City-based fintech lender, has rolled out its first home equity line of credit (HELOC) products. According to the company, the new HELOC product can be obtained through a fully online process, with closings in as little as three days from an...
Hits and Misses for the Real Estate Week of May 11-15
