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Mariah Carey Sells Atlanta Mansion at Discounted Price
She bought the property in November 2021 via an off-market purchase of $5.65 million.
FHLBank Boston Debuts Pilot Program to Assist Nonwhite First-Time Buyers
The Federal Home Loan Bank of Boston (FHLBank Boston) is rolling out Lift Up Homeownership, a pilot program designed provide down payment and closing cost assistance to people of color who are purchasing their first home. Lift Up Homeownership will be available to...
MBA: Commercial and Multifamily Mortgage Delinquencies Up in Q1
The Mortgage Bankers Association (MBA) reported that commercial and multifamily mortgage delinquencies increased in the first quarter of this year. Within this sector, the delinquency rate was highest for commercial mortgage-backed securities (CMBS) at 3%, an increase...
ESSA Bank & Trust in $3 Million Settlement with Feds Over Redlining Charges
The U.S. Department of Justice (DOJ) has reached a $3 million settlement with ESSA Bank & Trust (ESSA) to resolve allegations that it engaged in the redlining of majority-Black and Hispanic neighborhoods in and around Philadelphia. According to the DOJ, ESSA...
News & Current Events
DCHFA Unveils Investor Relations Website
The new DCHFABonds.com site will provide data and documents to investors about its bond programs.
PacWest Sells Real Estate Lending Division
This is the second transaction this week involving PacWest jettisoning its real estate operations.
CBRE Forecasts Stronger Performance by the Hotel Industry
In its revised forecast, CBRE is predicting 2023 revenue per available room will reach $97.89,
Utah Company in $15M Settlement Over Real Estate Investor Training Scheme
The complaint also named real estate celebrities Scott Yancey Dean R. Graziosi as defendants.
Weekly Real Estate News Exclusive Articles
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ESSA Bank & Trust in $3 Million Settlement with Feds Over Redlining Charges
“We are proud of our record of community service,” said Gary S. Olson, the bank’s chief executive.
CMBS Delinquency Rate Shoots Up to 14-Month High
The CMBS delinquency rate is now at its highest level since March 2022, while the 53-basis point upswing was the largest since June 2020.
Look Up, Folks, Because That’s Where Mortgage Rates Are Heading!
A year ago at this time, the 30-year fixed-rate mortgage averaged 5.09%.
CoreLogic: A Potential of $11.6 Trillion in Hurricane Property Damage This Year
Approximately 7.8 million homes are susceptible to storm surge flooding.
Q1 Mortgage Origination Activity at 23-Year Low
On the refinance side, only 407,956 mortgages were rolled over into new ones – the smallest amount this century.
Realtor.com: Home Price Growth Slowest on Record
The median list price grew to $441,000 in May, up from $430,000 in April but down by 1.7% from June 2022’s record high of $449,000.
About Weekly Real Estate News
Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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