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MBA’s Broeksmit on New Regulatory Proposals: ‘This Looks Like a Power Grab’

by Phil Hall | May 22, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

“It looks like a clear-cut attempt to punish an industry that some policymakers seem to personally dislike or distrust,” Broeksmit said. Continue Reading MBA’s Broeksmit on New Regulatory Proposals: ‘This Looks Like a Power Grab’

Mortgage Applications on New Home Purchases Up 4.1%

by Phil Hall | May 19, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

“This was the third straight month of year-over-year growth in applications,” said MBA’s Joel Kan. Continue Reading Mortgage Applications on New Home Purchases Up 4.1%

Additional Reading: Top Real Estate Industry News & Headlines

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Profiting from PropTech – How Integration and Automation is Helping Realtors Steer through the Data Deluge

by Third Party | Dec 15, 2022 | Industry Updates, Real Estate Agent Tools

Today’s businesses run on information, including Commercial Real Estate (CRE) companies. Historically, the CRE industry has been slow to invest in technology, but companies responsible for selling and managing commercial properties are realizing the value this...

As US home prices decline, number of buyers with underwater mortgages swells

by Third Party | Dec 15, 2022 | Industry Updates, U.S. Housing Market

Source: Fox Business --- An alarming number of new homeowners are discovering they owe more on their mortgage than their home is worth as surging interest rates send housing prices spiraling down. About 250,000 Americans who took out a mortgage this year to buy a...

FTX spent $256 million on Bahamas real estate — now the island’s government wants it back

by Third Party | Dec 13, 2022 | Industry Updates, Real Estate News

Source: CNBC --- Bahamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million to buy and maintain 35 different properties across New Providence, Bahamas. Now, Bahamas regulators are trying to claw back the property from FTX’s U.S....