Current News & Events
Former Deloitte Executive Kenny M. Smith Named CEO at Freddie Mac
Freddie Mac (OTCQB: FMCC) announced the appointment of Kenny M. Smith as CEO, effective today. He also will serve as a member of the company’s board of directors. The previous CEO, Biden-appointee Diane Reid, was fired in March by Bill Pulte, the Federal Housing...
Vermont Governor Seeks to Use State Surplus Revenue to Cut Proposed Property Tax Hike
Vermont Gov. Phil Scott is seeking to use surplus state funds to reduce a projected 12% property tax hike slated for 2026, but the Republican governor is getting pushback from some Democratic legislators over his plan. Vermont Public reports Scott’s administration...
Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies
“The national mortgage delinquency rate remained at a historic low in June,” said Molly Boesel, principal economist for CoreLogic. Continue Reading Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies
Mortgage Rates Drop, But Still Above 7%
“Recent volatility makes it difficult to forecast where rates will go next,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Drop, But Still Above 7%
Denver’s ‘Marijuana Mansion’ Listed at $2.3 Million
The 4,200-square-foot sandstone building is currently used as a private event venue. Continue Reading Denver’s ‘Marijuana Mansion’ Listed at $2.3 Million
CMBS Delinquency Rate Drops to 4.25% for August
Four of the five property sectors recorded rate increases. Continue Reading CMBS Delinquency Rate Drops to 4.25% for August
CV3 Financial Services, a New Private Lender, Opens for Business
The company will provide financing options including bridge, fix and flip rehab loans and rental property financing. Continue Reading CV3 Financial Services, a New Private Lender, Opens for Business
Elon Musk Under Federal Probes for Allegedly Using Tesla Funds to Build a Glass House
Musk responded, “I’m not building a house of any kind, let alone a glass one!” Continue Reading Elon Musk Under Federal Probes for Allegedly Using Tesla Funds to Build a Glass House
Tracy Kasper Named NAR President, Ensures a ‘Welcoming, Safe and Respectful Workplace’
“Our commitment to our staff and our members is unwavering,” she said. Continue Reading Tracy Kasper Named NAR President, Ensures a ‘Welcoming, Safe and Respectful Workplace’
Core Specialty Insurance Holdings Enters the Mortgage Reinsurance Market
The company will provide excess of loss reinsurance on selected Freddie Mac and Fannie Mae mortgages. Continue Reading Core Specialty Insurance Holdings Enters the Mortgage Reinsurance Market
Canada’s Eppich II House Listed for $12.8 Million
The main house features floor-to-ceiling glass held between steel beams and is decorated with custom-designed furniture. Continue Reading Canada’s Eppich II House Listed for $12.8 Million
Q2 Investor Home Purchases Down 45% from One Year Earlier
In terms of market share, investors bought 15.6% of homes that were sold in the second quarter, down from 19.7% from one year ago. Continue Reading Q2 Investor Home Purchases Down 45% from One Year Earlier
