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CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’
“Homeowners cannot just simply switch providers if their mortgage servicer charges them illegal junk fees,” said CFPB Director Rohit Chopra. Continue Reading CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’
CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’
“Homeowners cannot just simply switch providers if their mortgage servicer charges them illegal junk fees,” said CFPB Director Rohit Chopra. Continue Reading CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’
Pedro Barata to Become Chief Executive at Habitat for Humanity Canada
Habitat for Humanity Canada announced the appointment of Pedro Barata as president and CEO effective June 24. Barata is currently executive director of the Future Skills Centre, where he led the launch of more than 200 innovation pilots in every region and sector in...
Mortgage Demand Down 2.7%
Mortgage application activity was down last week, according to the latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.7% on a seasonally adjusted basis from one week...
Total Commercial Real Estate Mortgage Borrowing and Lending Down 47% in 2023
Total commercial real estate mortgage borrowing and lending during 2023 was estimated to have totaled $429 billion, according to data from the Mortgage Bankers Association (MBA). Last year’s total was down 47% from the $816 billion in 2022 and down 52% from the record...
NEWS & CURRENT EVENTS
Trustmark National Bank Sells Insurance Subsidiary to Marsh & McLennan Agency
Trustmark stated the transaction value represents approximately 5.9 times FBBInsurance’s 2023 revenue and 28 times net income. Continue Reading Trustmark National Bank Sells Insurance Subsidiary to Marsh & McLennan Agency
Matt Parisi Joins Industry Real Estate Partners as Vice President
He was previously vice president at Transwestern’s tenant advisory and occupier solutions team, Continue Reading Matt Parisi Joins Industry Real Estate Partners as Vice President
Foxtrot and Dom’s Kitchen Abruptly Shut Down 35 Grocery Stores
No explanation was given on why the combined company failed so abruptly. Continue Reading Foxtrot and Dom’s Kitchen Abruptly Shut Down 35 Grocery Stores
Study: Roughly 40% of Homeowners Could Not Afford to Buy Their Home Today
“Rising home prices are a double-edged sword,” said Redfin Senior Economist Elijah de la Campa. Continue Reading Study: Roughly 40% of Homeowners Could Not Afford to Buy Their Home Today
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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.
Study: Roughly 40% of Homeowners Could Not Afford to Buy Their Home Today
“Rising home prices are a double-edged sword,” said Redfin Senior Economist Elijah de la Campa. Continue Reading Study: Roughly 40% of Homeowners Could Not Afford to Buy Their Home Today
Four Seasons to Open First Branded Residences in Florida
The new 20-story development will offer 70 residences ranging from two- to four-bedrooms. Continue Reading Four Seasons to Open First Branded Residences in Florida
NAR Receives Preliminary Approval of Sitzer/Burnett Settlement Agreement
A final approval hearing on the settlement will take place in November. Continue Reading NAR Receives Preliminary Approval of Sitzer/Burnett Settlement Agreement
Survey: Half of Canadians Say Inflation Erodes Their Ability to Buy a Home
62% of respondents said financial support from family is necessary to buy a home. Continue Reading Survey: Half of Canadians Say Inflation Erodes Their Ability to Buy a Home
Guest Opinion: How You Might Look at Recent Data
We are all looking at the same data, but it is easy to come away with different conclusions. Continue Reading Guest Opinion: How You Might Look at Recent Data
CRE Investment Firm Matterhorn Venture Partners Opens in Chicago
The new firm focuses on multiple asset classes and transaction sizes. Continue Reading CRE Investment Firm Matterhorn Venture Partners Opens in Chicago
New Home Sales Up 8.8% in March
The median sales price of new houses sold in March was $430,700. Continue Reading New Home Sales Up 8.8% in March
CrossCountry Mortgage Unveils CCM EasyGreen
Income qualified borrowers can use the new product in a purchase loan or for refinancing. Continue Reading CrossCountry Mortgage Unveils CCM EasyGreen
Arrive Home Debuts Earned Equity Program as Mortgage Alternative
Arrive Home President Tai Christensen said the program will “facilitate responsible homeownership.” Continue Reading Arrive Home Debuts Earned Equity Program as Mortgage Alternative
Investment Firm Acquires Kinexx Modular Construction
Kinexx will operate as a subsidiary of LaPhair Capital Partners, with Scott Upshaw as its new CEO. Continue Reading Investment Firm Acquires Kinexx Modular Construction
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