Featured Real Estate News
Finance of America Reverse Debuts HomeSafe Second Line of Credit
Finance of America Reverse LLC has unveiled HomeSafe Second Line of Credit, which is being promoted as the “industry’s first second-lien reverse mortgage line of credit.” According to the Plano, Texas-based company, the product enables homeowners age 55 and older to...
Finance of America Reverse Debuts HomeSafe Second Line of Credit
The product is now available in California, with a further rollout planned in the coming weeks. Continue Reading Finance of America Reverse Debuts HomeSafe Second Line of Credit
Two Harbors Investment Corp. to Merge with CrossCountry Mortgage
Two Harbors Investment Corp. (NYSE: TWO), a mortgage servicing rights-focused real estate investment trust, has canceled its previously announced merger with UWM Holdings Corporation (NYSE: UWMC) and announced a merger agreement with CrossCountry Mortgage. Under the...
Forewarn to Provide Online Safety Services for Free to Las Vegas Realtors
Forewarn LLC, a provider of real-time information solutions for real estate agents, announced a partnership with Las Vegas Realtors that will enable its services to be offered for free to the organization’s roughly 16,000 members. Forewarn’s services are available...
Sanders and AOC Seek Moratorium on AI Data Center Construction
Sen. Bernie Sanders (I-VT) and Rep. Alexandria Ocasio-Cortez (D-NY) have introduced legislation designed to halt construction on AI data centers, claiming they are a threat to democracy and humanity. The Artificial Intelligence (AI) Data Center Moratorium Act would...
News & Current Events
Mortgage Application Payments Decreased in February
“Unfortunately, this month’s turmoil in the Middle East has put upward pressure on mortgage rates, which in turn could impact overall affordability in the months ahead,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Decreased in February
238-Unit Mixed-Income Apartment Building Opens in New Haven
The five-story building as 57 units, or 20% of the residences, set aside for households earning an average of 50% of the area median income. Continue Reading 238-Unit Mixed-Income Apartment Building Opens in New Haven
‘Big Short’ Investor Michael Burry: Fannie-Freddie IPO Not Happening Until at Least 2027
Burry added that the housing market was “in for a long winter” if current economic conditions remain or worsen. Continue Reading ‘Big Short’ Investor Michael Burry: Fannie-Freddie IPO Not Happening Until at Least 2027
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A Phil Hall Op-Ed: Trump Takes Another Look at Affordable Homeownership
Is affordable homeownership a serious concern of the White House? Continue Reading A Phil Hall Op-Ed: Trump Takes Another Look at Affordable Homeownership
Florida Legislature Session Ends Without Property Tax Relief Proposal
Gov. Ron DeSantis has yet to call for a special session. Continue Reading Florida Legislature Session Ends Without Property Tax Relief Proposal
Beachwold Residential Acquires Connecticut Multifamily Complex for $78 Million
The complex was roughly 85% occupied at the time of the sale. Continue Reading Beachwold Residential Acquires Connecticut Multifamily Complex for $78 Million
California State Parks Sues Alarm Company Over Bidwell Mansion Fire
The department is seeking $38 million in damages. Continue Reading California State Parks Sues Alarm Company Over Bidwell Mansion Fire
Report: FHFA’s Bill Pulte Receives Security Detail from Dept. of Health and Human Services
The FHFA is an independent agency not connected to an Executive Branch department. Continue Reading Report: FHFA’s Bill Pulte Receives Security Detail from Dept. of Health and Human Services
Dream Finders Homes Named Official Home Builder of the Tampa Bay Rays
Dream Finders Homes will also be featured as the Official Home Builder of the Tampa Bay Rowdies, the professional soccer team owned by the Rays. Continue Reading Dream Finders Homes Named Official Home Builder of the Tampa Bay Rays
Federal Judge Blocks DOJ Subpoenas of Fed Chairman Powell
“This outrageous decision will be appealed by the Department of Justice,” said Jeanine Pirro, US Attorney for Washington, DC. Continue Reading Federal Judge Blocks DOJ Subpoenas of Fed Chairman Powell
Hits and Misses for the Real Estate Week of March 9-13
The negative impact of a neighbor’s yard on a home sale, a Seattle billionaire abruptly moves to Florida, and a department store executive vows to keep his locations open Continue Reading Hits and Misses for the Real Estate Week of March 9-13
Florida Property Managers Arrested for Misusing Business Funds
Timothy and Miranda Ard, the owners of CORE Property Management, were both arrested and charged with organized scheme to defund over $50,000 and grand theft. Continue Reading Florida Property Managers Arrested for Misusing Business Funds