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Trump Unable to Secure $454 Million Surety Bond in Valuation Fraud Case
ew York Attorney General Letitia James threatened to seize Trump’s real estate assets if he failed to secure the bond. Continue Reading Trump Unable to Secure $454 Million Surety Bond in Valuation Fraud Case
Trump Advisers Offer Possible Candidates to Replace Powell as Fed Chairman
Trump appointed Powell in 2018 but quickly soured on him. Continue Reading Trump Advisers Offer Possible Candidates to Replace Powell as Fed Chairman
Mark Tribuna Named Chief Operations Officer at Arrive Home
Tribuna was previously chairman and CEO of Nation One Mortgage Company. Continue Reading Mark Tribuna Named Chief Operations Officer at Arrive Home
National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits
Last month, the organization vowed to appeal the Sitzer/Burnett verdict. Continue Reading National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits
Texas Attorney General Sues Real Estate Development for Fraudulent Practices
“Colony Ridge’s business model is predicated on churning land purchasers through a foreclosure mill,” said the lawsuit. Continue Reading Texas Attorney General Sues Real Estate Development for Fraudulent Practices
Fannie Mae Upgrades Data Validation Capabilities in Desktop Underwriter
“We are removing a hurdle from the loan application process,” said Cyndi Danko, senior vice president and single-family chief credit officer. Continue Reading Fannie Mae Upgrades Data Validation Capabilities in Desktop Underwriter
Mortgage Applications Up 9.7%
The Refinance Index increased 8% from the previous week and was 2% lower than the same week one year ago. Continue Reading Mortgage Applications Up 9.7%
Mortgage Rates Up for Fourth Straight Week
“The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Up for Fourth Straight Week
Home Mortgage Lending Activity Sank During Q4 2023
The fourth quarter total was also a 16.5% decline from the same period in 2022. Continue Reading Home Mortgage Lending Activity Sank During Q4 2023
Mortgage Application Activity Down By 5.6%
U.S. home prices were up 6.5% year-over-year during the fourth quarter of 2023. Continue Reading Mortgage Application Activity Down By 5.6%
Mortgage Rates Creep Up to the 7% Level
The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, up from last week when it averaged 6.77%. Continue Reading Mortgage Rates Creep Up to the 7% Level
FHA Launches New Loan Modification Option
Mortgage servicers may begin implementing Payment Supplement on May 1. Continue Reading FHA Launches New Loan Modification Option
Mortgage Application Activity Goes Kerplop
The MBA stated the total number of loans now in forbearance was 0.22% as of Jan. 31. Continue Reading Mortgage Application Activity Goes Kerplop
Mortgage Rates Rise Again
“The economy has been performing well so far this year and rates may stay higher for longer,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Rise Again
Guild Mortgage Acquires Academy Mortgage Corp.
This transaction is Guild’s sixth acquisition since 2021. Continue Reading Guild Mortgage Acquires Academy Mortgage Corp.