Real Estate Industry News & Insights
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Invitation Homes Agrees to $48 Million Settlement with FTC
Invitation Homes was accused of unfair eviction practices, including during the Covid-19 pandemic. Continue Reading Invitation Homes Agrees to $48 Million Settlement with FTC
DOJ Announces $2.4 Million HECM Settlement with Nutter
The company exited the mortgage business in 2022. Continue Reading DOJ Announces $2.4 Million HECM Settlement with Nutter
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Epique Realty Expands into New Mexico and Utah
The company has hired William Lambert as the state broker for both markets. Continue Reading Epique Realty Expands into New Mexico and Utah
Netflix Cancels Mauricio Umansky’s ‘Buying Beverly Hills’ After 2 Seasons
Umansky is already involved in his latest endeavor as the co-founder of the American Real Estate Association. Continue Reading Netflix Cancels Mauricio Umansky’s ‘Buying Beverly Hills’ After 2 Seasons
NAR Interim CEO Nykia Wright Named Permanent Chief Executive
Her appointment makes history as the organization’s first woman and first Black chief executive. Continue Reading NAR Interim CEO Nykia Wright Named Permanent Chief Executive
Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing
The company’s origination business has its roots in Fort Worth Mortgage, which was founded in 1952. Continue Reading Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing
Mortgage Rates Go Up, Up and Away
The national median mortgage payment during April was $2,112, an 11.8% spike from $1,889 in April 2022. Continue Reading Mortgage Rates Go Up, Up and Away
Mortgage Delinquency Rate Crashes to a New Low
No state posted an annual increase in overall delinquency rates in March. Continue Reading Mortgage Delinquency Rate Crashes to a New Low
Mortgage Application Activity Sinks Amid Economic Tumult
“We have yet to see sustained growth in purchase applications,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Sinks Amid Economic Tumult
Mortgage Delinquency Rate Bounced Up in April
Foreclosure starts dropped by 23% to 25,000, the lowest since September 2022. Continue Reading Mortgage Delinquency Rate Bounced Up in April
MBA’s Broeksmit on New Regulatory Proposals: ‘This Looks Like a Power Grab’
“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’
Rocket Mortgage Unveils 1% Down Payment Program
The company added that the program eliminates the need for the mortgage insurance fee. Continue Reading Rocket Mortgage Unveils 1% Down Payment Program
Mortgage Applications on New Home Purchases Up 4.1%
“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%
Freddie Mac: Another Mortgage Rate Uptick
“Homebuyers are getting used to current rates and continue to pursue homeownership,” said Freddie Mac’s Sam Khater. Continue Reading Freddie Mac: Another Mortgage Rate Uptick
MBA: Net Loss Tumult Eased for Independent Mortgage Banks in Q1
Q1 was an improvement from the reported loss of $2,812 per loan in Q4 2022. Continue Reading MBA: Net Loss Tumult Eased for Independent Mortgage Banks in Q1
