The Mortgage Bankers Association (MBA) announced the appointment of David Menke as director of member relations. In his new role, Menke will manage MBA’s portfolio of residential member companies, overseeing and strengthening member engagement with key leaders and...
The Bank of Canada announced its third rate cut in a row, reducing its key policy rate by 25 basis points to achieve a 4.25% level. “In Canada, the economy grew by 2.1% in the second quarter, led by government spending and business investment,” said the central bank...
A New Jersey real estate agent pleaded guilty for participating in riot that overtook the U.S. Capitol on Jan. 6, 2021. The Asbury Park Press reported 28-year-old Robert Coppotelli admitted to one count of disorderly and disruptive conduct at the Capitol and one count...
A mortgage officer who just began a new career as a real estate agent was killed on Friday night when a gunman opened fire at a gas station in Bessemer, Alabama. AL.com reported 41-year-old Wesley Fowler Jr. was one of three men fatally shot at a Citgo station near...
Pending sales of condominiums were down by 5.5% year-over-year last month, according to new data from Redfin (NASDAQ: RDFN). This marked the lowest level for pending condo sales in any July on record. At the same time, the number of condos for sale rose 27.1% from one...
Mortgage application activity ended August on the rise, according to data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 30. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1.6% on a seasonally...
Hits and Misses for the Real Estate Week of May 11-15
