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George Washington University Blames Endowment’s Decline on DC Real Estate Market
The university’s endowment shrank from $2.8 billion to $2.6 billion in the second quarter. Continue Reading George Washington University Blames Endowment’s Decline on DC Real Estate Market
Justice Dept. Sues St. Louis-Area Property Owner for Discrimination Based on Criminal History
The DOJ said past offenses “are not accurate proxies for actual underlying criminal activity nor reliable predictors of future criminal activity. Continue Reading Justice Dept. Sues St. Louis-Area Property Owner for Discrimination Based on Criminal History
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
CFPB Fines NewDay USA $2.25 Million Over Misleading Costs on Cash-Out Refinance Loans
CFPB Director Rohit Chopra said, “NewDay USA’s misconduct has no place in the VA home loan program.” Continue Reading CFPB Fines NewDay USA $2.25 Million Over Misleading Costs on Cash-Out Refinance Loans
Harris Launches Ad Campaign Touting Her Pledge to Build 3 Million New Homes
Harris has not offered a specific budget on how much it would cost to build 3 million new homes. Continue Reading Harris Launches Ad Campaign Touting Her Pledge to Build 3 Million New Homes
Mixed-Use Development Planned Next to NJ’s Monmouth Park Racetrack
The first phase of this project is slated to break ground in the fourth quarter of 2025. Continue Reading Mixed-Use Development Planned Next to NJ’s Monmouth Park Racetrack
Mortgage Applications Plunge to 27-Year Low
Among the federal programs, the FHA share of total applications increased to 14.5% from 14.1% the week prior. Continue Reading Mortgage Applications Plunge to 27-Year Low
Eric Francis Named VP of Finance at GO Mortgage
Francis was previously vice president of mortgage at A+ Federal Credit Union. Continue Reading Eric Francis Named VP of Finance at GO Mortgage
Serious Mortgage Delinquency Rate at a 23-Year Low
Idaho was the only state to see an annual uptick in its overall mortgage delinquency rate during July, albeit at a scant 0.1 percentage point. Continue Reading Serious Mortgage Delinquency Rate at a 23-Year Low
Mortgage Rates at Highest Peak in Almost 23 Years
The 30-year fixed-rate mortgage averaged 7.31% as of Sept. 28, up from last week when it averaged 7.19%. Continue Reading Mortgage Rates at Highest Peak in Almost 23 Years
CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income
Average monthly mortgage payments increased more than 46% last year, from $1,400 in December 2021 to $2,045 in December 2022. Continue Reading CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income
Mortgage Application Activity Declines Again
Both the seasonally adjusted and the unadjusted Purchase Index dropped 2% from one week earlier. Continue Reading Mortgage Application Activity Declines Again
Teachers Federal Credit Union Now Offering VA Loans
“It is our honor to serve those who serve our country,” said Brad Calhoun, president and CEO. Continue Reading Teachers Federal Credit Union Now Offering VA Loans
Mortgage Rates Flat, But Still Above 7%
“Given these high rates, housing demand is cooling off and now homebuilders are feeling the effect,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Flat, But Still Above 7%
Mortgage Applications Up 5.4%
“Mortgage applications increased last week, despite the 30-year fixed mortgage rate edging back up to 7.31%,” said MBA’s Joel Kan. Continue Reading Mortgage Applications Up 5.4%
Forbearance Levels Continue to Decline
The forbearance share for portfolio loans and private-label securities decreased 6 basis points to 0.39%. Continue Reading Forbearance Levels Continue to Decline
