Top Headlines
Landlord Agrees to Sell Colorado Complex Overrun by Venezuelan Crime Gang
Aspen Grove was shut down last month by the city amid charges that the property carried multiple health and safety issues. Continue Reading Landlord Agrees to Sell Colorado Complex Overrun by Venezuelan Crime Gang
Real Estate Developer Convicted with Menendez Pleads Guilty to Bank Fraud Charge
He faces a maximum penalty of 30 years in prison and a top fine of $1 million. Continue Reading Real Estate Developer Convicted with Menendez Pleads Guilty to Bank Fraud Charge
Leadership Shifts at SmartRent
John Dorman, the board’s lead independent director, has been appointed chairman of the board. Continue Reading Leadership Shifts at SmartRent
Gov. Newsom Orders California Agencies to Dismantle Homeless Encampments
“The state has been hard at work to address this crisis on our streets,” Newsom said in a statement. Continue Reading Gov. Newsom Orders California Agencies to Dismantle Homeless Encampments
Enid C. Pinkney, Preservationist of Miami’s Historic Black Properties, Dies at 92
“We need to do a better job of passing on our heritage to younger generations,” she once observed. Continue Reading Enid C. Pinkney, Preservationist of Miami’s Historic Black Properties, Dies at 92
MSR Financing, Marketing, Appraisal, DPA Products; Fannie, Freddie Changes; EU Central Bank News
Source: Mortgage News Daily --- “I got stuck in a conversation with some wealthy people and one woman asked me how my investments were doing. I replied that both avocadoes should be ripe by tomorrow.” Food prices are an everyday reminder of inflation on the spending...
Mortgage giant Fannie Mae tackles climate risk, but changes to underwriting may take several years
Source: CNBC --- Global warming has already caused irreversible damage to the earth’s ecosystems and communities, according to a critical report just issued from the United Nations Intergovernmental Panel on Climate Change. The damage is extending to the U.S. housing...
As Housing Market Cools, Homebuyers are Putting Less Money Down on a Home
The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to a new report from Redfin, the technology-based real estate brokerage. The median down payment was down 35% from the peak it...
‘I thought things would start to cool down’: High rates, prices challenge homebuyers
Source: 13 WMAZ --- LOS ANGELES — Homeownership is likely to remain a pipe dream for many Americans this spring homebuying season. The nation’s worst housing slump in nearly a decade stoked hope among prospective buyers that homes could be scooped up more easily. But...
Wild Swings in Interest Rates are Making Sellers Hesitate to List Their Homes
According to Zillow's latest market report, mortgage rates — both their high levels and wild swings are making life difficult for buyers and sellers. Relatively high rates have reduced new listings to record lows, leaving buyers with limited options. Any dips in...
US housing market gains momentum as loan applications jump amid first drop in mortgage rates in 5 weeks
Source: Yahoo! Finance --- The housing market is gaining steam as rates drop and mortgage applications surge. The 30-year mortgage rate fell for the first time in five weeks, and applications jumped 7% last week. But volatility in the market could still hinder...
Are you purchasing a home for the first time? Here are 5 mortgage lenders to consider
Source: CNBC --- The home-buying process can seem daunting for first-time homebuyers. The good news is there are some mortgage lenders that offer home loan products designed to provide more ease with the process, which can be very appealing to many first-time future...
Banks Collapse Affecting Mortgage Rates, VC, PropTech
Source: Globest --- A drop in home mortgage rates, a pause (or even cut) by the Federal Reserve at its March 22 meeting, and the need to obtain new letters of credit are among the matters to ponder as commercial real estate companies and venture-capital groups sort...
Mortgage Rates Drop as a Result of Banking Turmoil, Demand Increases
According to a new report from Redfin, the technology-based real estate brokerage, some homebuyers are returning to the market as mortgage rates decline from the four-month high they reached last week. Daily average mortgage rates dropped from 7% to about 6.5%...
What is a government-sponsored enterprise (GSE)?
Source: Bankrate --- The U.S. economy is a complex system of interconnected components. To keep money flowing efficiently throughout these components, the federal government lends a helping hand in the form of government-sponsored enterprises, or GSEs. Over the years,...
