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MBA Chief Calls for Federal Probe into Price Hikes on Credit Reporting Products
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit is calling for a federal investigation into recent price increases for credit reporting products. In a post on LinkedIn, Broeksmit stated, “I was hoping it was April Fool’s Day, but it feels more like...
MBA Chief Calls for Federal Probe into Price Hikes on Credit Reporting Products
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit is calling for a federal investigation into recent price increases for credit reporting products. In a post on LinkedIn, Broeksmit stated, “I was hoping it was April Fool’s Day, but it feels more like...
Gov. DeSantis Hints at Special Legislative Session Aimed at Property Tax Relief
Florida Gov. Ron DeSantis has raised the idea of calling a special legislative session that would focus on cutting property taxes. WLRN.org reports that legislators are currently weighing ideas on relieving the state’s property tax burden, which would be voted on...
FHFA Withdraws Three Biden-Era Proposed Rules
The Federal Housing Finance Agency (FHFA) has withdrawn three proposed rules put forth during the Biden administration relating to the government-sponsored enterprises and the Federal Home Loan Banks (FHLBanks). The withdrawals involve a 2021 proposed rule that would...
One in Six Home Sellers Dropped Their Asking Price
One of every six (16.7%) home sellers dropped their asking price in August, up from 15.9% one year earlier. According to data from Redfin, this marked the highest share for August in records dating back to 2012. The typical home that sold in August went for 3.8% less...
NEWS & CURRENT EVENTS
Leading House Dem Calls on Pulte to Turn Over Records on Mortgage Fraud Probes of Trump Foes
“The American people have a right to understand why FHFA is reviewing decades-old mortgages,” wrote Rep. Raskin. Continue Reading Leading House Dem Calls on Pulte to Turn Over Records on Mortgage Fraud Probes of Trump Foes
Oh No, Boomer! Survey Finds 61% of Boomers Say They’ll Never Sell Their Homes
The overwhelming majority (89%) of boomers believe buying a home is almost always a good decision. Continue Reading Oh No, Boomer! Survey Finds 61% of Boomers Say They’ll Never Sell Their Homes
Fairway Home Mortgage in New Partnership with OpenAI
To oversee the partnership, Fairway will promote Caleb Ondrusek to executive vice president of technology and innovation. Continue Reading Fairway Home Mortgage in New Partnership with OpenAI
Newmark Opens Middle Eastern Flagship Office in Dubai
Stefan Burch will head up the new office and build the firm’s business in the region Continue Reading Newmark Opens Middle Eastern Flagship Office in Dubai
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Zillow Bans Private Listings from Platform
eXp Realty has become the first brokerage to align itself with Zillow’s new policy. Continue Reading Zillow Bans Private Listings from Platform
Pending Home Sales in Mid-Atlantic Region Up by Nearly 40%
“Falling mortgage rates could give the housing market a boost this spring,” said Dr. Lisa Sturtevant, chief economist at Bright MLS. Continue Reading Pending Home Sales in Mid-Atlantic Region Up by Nearly 40%
Blackstone Acquires Texas Industrial Portfolio for $718 Million
The portfolio consists of 25 Class A buildings totaling 6 million square feet. Continue Reading Blackstone Acquires Texas Industrial Portfolio for $718 Million
DR Horton Begins Pre-Selling New Community in Texas
The company added that pricing on the lots begin in the high $300,000s. Continue Reading DR Horton Begins Pre-Selling New Community in Texas
Terreno Realty Corporation Acquires Washington Industrial Property for $9.3 Million
The property is 100% leased on a short-term basis. Continue Reading Terreno Realty Corporation Acquires Washington Industrial Property for $9.3 Million
Shane Paladin Out as SmartRent Chief Executive After Two Months
John Dorman, chairman of the board, has been appointed interim CEO. Continue Reading Shane Paladin Out as SmartRent Chief Executive After Two Months
30-Year Fixed-Rate Mortgage Down for 12th Straight Week
The 15-year fixed-rate mortgage averaged 5.82%, unchanged from last week. Continue Reading 30-Year Fixed-Rate Mortgage Down for 12th Straight Week
Foreclosure Activity Up During Q1
Lenders repossessed 9,691 properties through foreclosure (REO) in first quarter. Continue Reading Foreclosure Activity Up During Q1
Chicago Real Estate Broker Sentenced for $3 Million Investor Fraud
In addition to his prison sentence, Sannikov must pay $2.19 million in remaining restitution to four victims. Continue Reading Chicago Real Estate Broker Sentenced for $3 Million Investor Fraud
St. Louis Man Pleads Guilty to Mortgage Fraud Scams
Edward James Mitchell Jr. is scheduled to be sentenced on July 8. Continue Reading St. Louis Man Pleads Guilty to Mortgage Fraud Scams
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