The National Association of Home Builders (NAHB) has elected Buddy Hughes, a Lexington, North Carolina-based home builder and developer, as its 2025 chairman. Hughes opened his general contracting business, Hughes Construction, in 1984. Today, he serves as a product...
A Florida real estate agent self-dubbed the “Land Man” was sentenced to 14 months in prison for failing to file his income tax returns during a five-year period. Sedita Charles Cayson was found guilty last month by a federal judge of five counts of willfully failing...
The Consumer Financial Protection Bureau (CFPB) has dropped four enforcement actions against financial services companies. CNBC reports the agency issued legal filings for the voluntary dismissal for cases involving Capital One, the Berkshire Hathaway-owned Vanderbilt...
President Trump’s nominees to lead the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) pledged to bring reform to their respective agencies. In testimony delivered today before the Senate Banking, Housing and Urban Affairs...
Mortgage rates continued to decline, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.76% as of Feb. 27, down from last week when it averaged 6.85%. A year ago at this time, it...
Pending home sales dropped during January, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s forward-looking indicator of home sales based on contract signings, tumbled by 4.6% to 70.6 in January, an...
