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Mortgage Application Activity Tumbles by 5.2%
The FHA share of total applications increased to 19.9% from 19.4% the week prior. Continue Reading Mortgage Application Activity Tumbles by 5.2%
Mortgage Application Activity Tumbles by 5.2%
The FHA share of total applications increased to 19.9% from 19.4% the week prior. Continue Reading Mortgage Application Activity Tumbles by 5.2%
Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
A trio of Democratic senators have introduced the Yes in God’s Back Yard (YIGBY) Act, new legislation designed to assist faith-based organizations and colleges to transform underused property into affordable housing. The YIGBY Act would provide federal assistance to...
Report: Bill Pulte’s Father and Stepmother Claimed Primary Residence on 2 Different Homes
A new Reuters report has determined the father and stepmother of Bill Pulte, the Federal Housing Finance Agency (FHFA), have improperly claimed primary residence on two different properties in two different states – a situation that resonates closely to the...
California Construction Firm CEO Arrested on Loan Fraud Charges
The CEO of a California construction company was arrested on a federal criminal complaint alleging that he fraudulently obtained more than $4 million in Covid-19 relief funds and federally guaranteed small business loans. According to court documents, Joey Wayne...
NEWS & CURRENT EVENTS
Newsom Issues Executive Order Curbing Housing Density in Fire-Impacted Areas
Los Angeles Mayor Karen Bass issued a similar executive order. Continue Reading Newsom Issues Executive Order Curbing Housing Density in Fire-Impacted Areas
Trump Calls on Fed Board of Governors to Overthrow Powell
There is no precedent for the Fed’s Board of Governors to force its chairman out of the leadership role. Continue Reading Trump Calls on Fed Board of Governors to Overthrow Powell
Wells Fargo CEO Charles Scharf to Become Chairman of the Board
When Scharf becomes chairman, the Wells Fargo board intends to appoint a lead independent director. Continue Reading Wells Fargo CEO Charles Scharf to Become Chairman of the Board
Q2 Commercial and Multifamily Mortgage Originations Up 66% from Last Year
On a year-over-year measurement, there was a 140% spike in the dollar volume of loans for office properties. Continue Reading Q2 Commercial and Multifamily Mortgage Originations Up 66% from Last Year
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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.
Two British Columbia Realtors Fined Over Self-Identification in Social Media Accounts
Both realtors sought to appeal their fines but were rejected by the regulator. Continue Reading Two British Columbia Realtors Fined Over Self-Identification in Social Media Accounts
Structural Demolition Begins on RFK Stadium
RFK Stadium has fallen into disrepair and not been used since 2019 Continue Reading Structural Demolition Begins on RFK Stadium
Mortgage Credit Availability Inched Up in December
The MBA’s Mortgage Credit Availability Index (MCAI) was up by 0.7% to 96.6. Continue Reading Mortgage Credit Availability Inched Up in December
New Platform Seeks to Expand Real Estate Investing in South Africa
RESCI claims that its deals “typically offer a minimum of 10% interest per year over a 20-year bond term.” Continue Reading New Platform Seeks to Expand Real Estate Investing in South Africa
Hits and Misses for the Real Estate Week of Jan. 6-10
A last-minute slew of Biden administration lawsuits, a special advisor for the NAR chief and Justin Trudeau opens the Exit door. Continue Reading Hits and Misses for the Real Estate Week of Jan. 6-10
Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes
“Shadowy private equity giants are buying up the housing supply in communities across New York, leaving everyday homeowners with nowhere to turn,” said Hochul. Continue Reading Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes
SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses
Disaster loans of up to $500,000 are available to homeowners to repair or replace damaged or destroyed real estate. Continue Reading SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses
Morgan Properties Acquires First Community in Kentucky
Built in 2005-2006, the property maintains a 96% occupancy rate. Continue Reading Morgan Properties Acquires First Community in Kentucky
Mike Rawls to Step Down as Xome’s CEO
Chris Marshall, former vice chairman and president at Mr. Cooper, will succeed Rawls. Continue Reading Mike Rawls to Step Down as Xome’s CEO
Industrial Property Vacancy Rate Up in Q4
Quarterly new leasing activity totaled approximately 130 msf in the fourth quarter and was down 15.7% compared to one year ago. Continue Reading Industrial Property Vacancy Rate Up in Q4
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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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