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Questrade Launches Product for First-Time Canadian Homebuyers

Questrade Launches Product for First-Time Canadian Homebuyers

by Phil Hall | Apr 3, 2023 | International Real Estate News, News/Current Events, WRE News Exclusive

Toronto-based Questrade Financial Group has debuted its tax-free First Home Savings Account (FHSA) designed to help Canadian first-time home buyers to save up to $40,000 towards their first home, withdraw it tax-free and use for their home purchase. According to the...
SoFi Technologies Acquires Fintech Mortgage Lender

SoFi Technologies Acquires Fintech Mortgage Lender

by Phil Hall | Apr 3, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

SoFi Technologies Inc. (NASDAQ: SOFI) has acquired Wyndham Capital Mortgage, a fintech mortgage lender in an all-cash transaction. Headquartered in Charlotte, North Carolina, Wyndham Capital has helped more than 100,000 borrowers since it launched over two decades...
Most UK Homeowners Fear They Will Not Make Their Mortgage Payments

Most UK Homeowners Fear They Will Not Make Their Mortgage Payments

by Phil Hall | Apr 3, 2023 | International Real Estate News, News/Current Events, WRE News Exclusive

A majority of UK homeowners with mortgages are concerned that they will not be able to meet their monthly payments in the near future, according to the newly published “UK Mortgage Holders Consumer Research Report 2022” report from ResearchAndMarkets.com....
A Phil Hall Op-Ed: Still Making the Same Mistakes

A Phil Hall Op-Ed: Still Making the Same Mistakes

by Phil Hall | Apr 3, 2023 | A Phil Hall Op-Ed, News/Current Events, U.S. Housing Market, WRE News Exclusive

(This is the first weekly op-ed column from our new editor, longtime real estate and mortgage industry journalist Phil Hall.) A few years ago, I arrived home from work on a July evening and found a bright yellow square-shaped envelope in my mailbox. In handling the...
Early-Stage Homebuying Demand at Highest Level Since May

Early-Stage Homebuying Demand at Highest Level Since May

by Phil Hall | Apr 3, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A decline in home prices and mortgage rates has spurred a greater level of early-stage homebuying demand, according to new data published by the brokerage Redfin (NASDAQ:RDFN). However, rising demand is not translating into rising home sales. Redfin’s Homebuyer Demand...
HUD Awards $5.5 Million to HBCUs for Housing Research

HUD Awards $5.5 Million to HBCUs for Housing Research

by Phil Hall | Apr 3, 2023 | News/Current Events, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has allocated $5.5 million to a pair of Historically Black Colleges and Universities (HBCUs) for research into housing and community development issues. Texas Southern University received $3 million for the...
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