Tim Birkmeier announced his retirement as president of Rocket Mortgage, a division of Detroit-based Rocket Companies (NYSE:RKT). Birkmeier made his announcement on his LinkedIn page – the company did not issue a press statement on the retirement, nor has there been an...
New York Attorney General Letitia James has filed judgments in what appears to be her first effort to seize properties belonging to former President Donald Trump. According to combined media reports, James’ office entered judgments on March 6 with the clerk’s office...
The U.S. Department of Housing and Urban Development (HUD) has announced a publicity campaign designed to trumpet what it describes as the “key milestones and accomplishments since the beginning of the Biden-Harris administration as well as priorities for 2024.” The...
Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Bernie Sanders (I-VT) announced the relaunch of the “Green New Deal for Public Housing.” Among the provisions of the proposed legislation is the repeal the Faircloth Amendment, a rule that prohibits the U.S. Department of...
The 30-year fixed-rate mortgage averaged 6.87% as of March 21, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). Last week, the mortgage rate averaged 6.74%; one year ago at this time, it was at 6.42%. The 15-year fixed-rate...
Existing home sales during February spiked by 9.5% from January to a seasonally adjusted annual rate of 4.38 million, according to new data from the National Association of Realtors (NAR). This represented the largest monthly increase since February 2023. However, on...
Mortgage Rates Take a Mild Tumble
