The total number of loans now in forbearance increased by 4 basis points to 0.31% as of Aug. 31, according to data from the Mortgage Bankers Association (MBA). A total of 155,000 homeowners are currently in forbearance plans. The share of Fannie Mae and Freddie Mac...
First National Realty Partners (FNRP), a Red Bank, New Jersey-headquartered private equity commercial real estate firm, has hired Stuart Brackenridge as vice president of acquisitions. In his new job, Brackenridge will be responsible for sourcing, evaluating and...
New home sales are down as more residences for sale are spending extended periods on the market, according to a pair of new data reports. Sales of new single-family houses in August were at a seasonally adjusted annual rate of 716,000, according to estimates published...
A New Orleans mansion built in 1856 that gained pop culture fame from its appearance in the television series “American Horror Story” was sold. Mansion Global reported the property, known as the Buckner Mansion, was listed in May for $4.5 million and was later reduced...
The U.S. Department of Justice (DOJ) announced the former mortgage lender James B. Nutter & Company, has agreed to a $2.4 million settlement to resolve allegations that it knowingly underwrote Home Equity Conversion Mortgages (HECM) insured by the Federal Housing...
Homeowners seeking refinancing drove the increased volume of mortgage applications for the week ending Sept. 20, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased...
Hits and Misses for the Real Estate Week of Aug. 3-7
