Real Estate Industry News & Insights
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Appeals Court Restores ‘Mansion Tax’ Referendum to Chicago Ballot
Properties sold for $1.5 million or more would be forced to pay a 3% transfer tax, which is four times the current rate. Continue Reading Appeals Court Restores ‘Mansion Tax’ Referendum to Chicago Ballot
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
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
CFPB Issues Guidance to Debt Collectors on Zombie Mortgages
CFPB Director Rohit Chopra said that “threatening to sue to collect on expired zombie mortgage debt is illegal.” Continue Reading CFPB Issues Guidance to Debt Collectors on Zombie Mortgages
Florida Home Sales Down While Prices Remain Elevated
“Buyers in Florida remain challenged by mortgage rates above 6% and economic pressures like inflation,” observed 2023 Florida Realtors President G. Mike McGraw. Continue Reading Florida Home Sales Down While Prices Remain Elevated
CFPB Downplays Data Breach Report
The employee responsible for this action is no longer with the CFPB. Continue Reading CFPB Downplays Data Breach Report
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