The commercial real estate brokerage firm Marcus & Millichap (NYSE:MMI) has hired Michael Puline as senior managing director and national director of its retail division. In his new job, Puline will guide the strategic growth of Marcus & Millichap’s and...
The Rocket Mortgage division of Rocket Companies (NYSE: RKT) has filed a lawsuit against United Wholesale Mortgage (NYSE: UWMC) claiming it breached the non-solicitation agreements linked to the sale of mortgage-servicing rights (MSR) to Nationstar Mortgage Group,...
The House of Representatives has tweaked the Senate-approved 21st Century ROAD to Housing Act by removing a provision requiring institutional investors who own build-to-rent (BTR) single-family housing to sell their properties within seven years of construction. The...
Mortgage rates ticked down slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.36% as of May 14, a hair lower from last week’s average of 6.37%. A year ago at this time, it averaged...
A total of 42,430 residential properties carried foreclosure filings in April, down 8% from the prior month but up 18% from one year earlier. According to data from ATTOM, one in every 3,388 housing units nationwide had a foreclosure filing last month. Delaware posted...
Buyers of newly built homes can save an average of $25,335 over the first 10 years of ownership compared to those who purchase 20-year-old homes, according to a data analysis by Realtor.com. The savings are primarily from the lower utility costs from newer...
