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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
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Survey: Most Americans Are Unwilling or Uncertain About Moving
70% said they were very satisfied with their property appraisal and 23% reported being somewhat satisfied. Continue Reading Survey: Most Americans Are Unwilling or Uncertain About Moving
Angela Cain Named Global CEO at Urban Land Institute
She succeeds Ron Pressman, who retired last October. Continue Reading Angela Cain Named Global CEO at Urban Land Institute
NAR Supports New Biden Plan on Addressing Housing Affordability
NAR’s Chief Advocacy Officer Shannon McGahn met with White House officials last week. Continue Reading NAR Supports New Biden Plan on Addressing Housing Affordability
Can You Afford a House Right Now?
Source: US News --- The Covid-19 pandemic helped spur one of the biggest housing boom cycles in history. In 2020, the Federal Reserve slashed interest rates to zero, dropping mortgage rates into the 2% range. Artificially low numbers coupled with the new remote work...
How do real estate agent commissions work?
Source: Yahoo! Finance --- In this do-it-yourself digital age, home sellers and buyers alike might well wonder if they need Realtors — or, more precisely, to pay Realtor fees. Just how crucial are these agents to a successful real estate transaction? Well, a good...
When will US home prices finally stop dropping?
Source: Fox Business --- The end may finally be in sight for a prolonged slump in the U.S. housing market, according to Goldman Sachs strategists. Analysts at the Wall Street bank said in a note this week that falling mortgage rates are likely to stop the dramatic...
Latest mortgage news: Rates dip again, creating opportunity for homebuyers
Source: Yahoo! Finance --- Mortgage rates continue to retreat. The average rate on 30-year mortgages ticked down to 6.42 percent this week from 6.43 percent the previous week, according to Bankrate’s national survey of large lenders. “Mortgage rates declined for the...
Thinking of Moving to Europe from the U.S.? Here’s Why You Should – Or Shouldn’t – Do It
Source: US News --- With streaming shows like Netflix’s “Emily in Paris” or the romantic image of working remotely from an Italian villa, U.S. travelers are showing renewed interest in moving to Europe to see what life would be like in another country. There are a...
How Real Estate Agents Can Help First-Time Home Buyers
Source: Times Property --- First-Time Homebuyer’s Guide Buying a home for the first time can be difficult. After all, there are numerous steps, tasks, and requirements, and you may be concerned about making a costly error. However, first-time homebuyers benefit from...
30-year fixed mortgage rates still ‘keeping some people away’ from buying a house: Realtor
Source: Yahoo! News --- Kinloch Partners Co-Founder and CEO Bruce McNeilage joins Yahoo Finance Live to discuss the continued impact of mortgage rates on homebuying trends, housing concessions, and rising housing markets to watch in 2023. Video Transcript [AUDIO LOGO]...
UWM Enhances TRAC Program Giving Loan Officers Increased Flexibility
PONTIAC, January 25, 2023 – United Wholesale Mortgage (UWM), the #1 overall lender in America, announced it has enhanced its TRAC program, initially launched in October 2022, to provide loan officers more speed, options and flexibility within the title and closing...
Goldman Sachs says 4 US cities will suffer a 2008 crash in home values
Source: Fox Business --- Goldman Sachs expects home values to worsen through 2023 amid continued skyrocketing interest rates and declining housing prices. The firm wrote to clients earlier this month that it predicts four U.S. cities will suffer the most catastrophic...
With mortgage rates dropping and fee changes in the pipeline, now may be the time to buy that home
Source: CNBC --- The average rate for a 30-year mortgage dropped to 6.15% last week — the lowest in 18 weeks. This dip in rates provides welcomed relief for many potential homebuyers who’ve put their dreams on pause thanks to high mortgage interest rates, which have...
