Featured Real Estate News
PennyMac Debuts Non-QM Product Suite
PennyMac Financial Services Inc. (NYSE: PFSI) has launched a suite of non-qualified mortgage (Non-QM) products in its third party origination (TPO) division. According to the Westlake Village, California-based company, the new products are designed to “help TPO...
PennyMac Debuts Non-QM Product Suite
The new products are designed to “help TPO partners solve complex borrower scenarios, expand their addressable market, and close more loans.” Continue Reading PennyMac Debuts Non-QM Product Suite
First American Rolls Out Property Title Monitoring and Fraud Alert Service
First American Title Insurance Company, a subsidiary of First American Financial Corporation (NYSE: FAF), is now offering its customers a free property title monitoring and fraud alert service. According to the company, the service notifies homeowners of new...
Ginnie Mae Reports $526.4 Billion MBS Issuance for FY 2025
Ginnie Mae announced it generated a total issuance was $526.4 billion for its fiscal year 2025, a 7.2% year-over-year increase in the outstanding portfolio. As a result of this issuance total, the agency’s mortgage-backed securities portfolio grew by $190.9 billion to...
Virginia Home Sales Up 7.3% in December
A total of 8,482 homes sold in Virginia during in December, a 7.3% year-over-year increase representing an additional 575 sales. According to data from the Virginia Realtors, the state recorded 6,745 new listings in December, a 1.8% uptick from one year earlier....
News & Current Events
Grant Cardone Calls on Trump to Extend Bonus Depreciation to Homeowners
Cardone said he “floated this concept to administration a week ago” and the president liked the idea. Continue Reading Grant Cardone Calls on Trump to Extend Bonus Depreciation to Homeowners
Pennsylvania Home Sales and Prices Dropped in December
The decline in sales was mirrored by a decline in new listings – 30,595 in December, compared to 34,812 one year earlier. Continue Reading Pennsylvania Home Sales and Prices Dropped in December
Mortgage Rates Inch Up Slightly
The 30-year fixed-rate mortgage averaged 6.09% as of Jan. 22. Continue Reading Mortgage Rates Inch Up Slightly
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Exclusive News
Century Communities Begins Home Sales at New Arizona Development
The site is also located near golf courses, Lake Havasu and the Colorado River. Continue Reading Century Communities Begins Home Sales at New Arizona Development
Knock Closes on $100 Million Securitization
The buy-before-you-sell real estate fintech Knock announced the successful close of its inaugural $100 million securitization. According to the Atlanta-based company, the $100 million bond issuance will be used exclusively to fund Knock’s Bridge Loan products. Cantor...
Acres.com Debuts Tool to Track Residential Market Growth
The tool can identify the people behind holding companies and shell entities involved in land deals. Continue Reading Acres.com Debuts Tool to Track Residential Market Growth
Canada Invests $45 Million for Ottawa Rental Housing Complex
The Bayview Wateridge development is located in the Rockcliffe community within a few minutes of downtown Ottawa. Continue Reading Canada Invests $45 Million for Ottawa Rental Housing Complex
Aldi to Open First Grocery Store in Manhattan
The 25,000-square-foot store will be on 42nd Street near Times Square. Continue Reading Aldi to Open First Grocery Store in Manhattan
A Phil Hall Op-Ed: Is Trump Fighting Mortgage Fraud or Trying to Seize the Fed?
After Trump’s announcement went live last night, US stock futures and international stock markets went into decline out of fear that the Fed’s independence was under attack. Continue Reading A Phil Hall Op-Ed: Is Trump Fighting Mortgage Fraud or Trying to Seize the Fed?
New Data Reports Affirm Home Prices Are Still on the Rise
The FHFA reported second quarter house prices were up year-over-year in 46 states. Continue Reading New Data Reports Affirm Home Prices Are Still on the Rise
Arizona Couple Sued for Running Foreclosure Rescue Schemes
Edward Trenton Albarracin and Gretchen Marie Zamjahn operated more than 50 fraudulent entities. Continue Reading Arizona Couple Sued for Running Foreclosure Rescue Schemes
21 State Attorneys General Blast Mortgage Fraud Probe of Letitia James as ‘Harassment and Intimidation’
The attorneys general slammed Ed Martin’s behavior in directing the probe. Continue Reading 21 State Attorneys General Blast Mortgage Fraud Probe of Letitia James as ‘Harassment and Intimidation’