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Mortgage Application Activity Takes a 0.6% Uptick
Among the federal programs, the FHA share of total applications increased to 19.4% from 18.5% the week prior. Continue Reading Mortgage Application Activity Takes a 0.6% Uptick
Mortgage Application Activity Takes a 0.6% Uptick
Among the federal programs, the FHA share of total applications increased to 19.4% from 18.5% the week prior. Continue Reading Mortgage Application Activity Takes a 0.6% Uptick
Aldi to Open First Grocery Store in Manhattan
Shoppers in the Big Apple will soon be able to spend less for their apples – the Aldi discount supermarket chain is planning to open its first store in Manhattan. Supermarket News reports the 25,000-square-foot store will be on 42nd Street near Times Square in The...
A Phil Hall Op-Ed: Is Trump Fighting Mortgage Fraud or Trying to Seize the Fed?
A Phil Hall Op-Ed: President Trump made history last night when he announced he was firing Federal Reserve Gov. Lisa Cook based on a criminal referral made by Bill Pulte, the director of the Federal Housing Finance Agency, that claimed Cook engaged in mortgage fraud...
New Data Reports Affirm Home Prices Are Still on the Rise
Home prices are still on the rise, according to a pair of newly published data reports. The S&P Cotality Case-Shiller US National Home Price NSA Index reported a 1.9% annual gain for June, down from a 2.3% rise in the previous month. The 10-City Composite...
NEWS & CURRENT EVENTS
Developer to Accept Cryptocurrency Purchases in Florida Community
“We believe that the future of real estate involves both sustainability and innovation,” said Marshall Gobuty, founder and CEO of Pearl Homes. Continue Reading Developer to Accept Cryptocurrency Purchases in Florida Community
Ohio House Overides Gov. DeWine’s Vetoes on Property Tax Reforms
Ohio’s Senate has not set a date for the consideration of overriding the governor’s votes. Continue Reading Ohio House Overides Gov. DeWine’s Vetoes on Property Tax Reforms
Housing Inventory at 5-Year High, But New Listings are Near 2-Year Low
Redfin reported new listings of homes for sale fell 3.2% in June to the lowest seasonally adjusted level since October 2023. Continue Reading Housing Inventory at 5-Year High, But New Listings are Near 2-Year Low
Trump Praises Pulte, Refuting Media Reports on Problems with the FHFA Chief
The Wall Street Journal wrote that Pulte’s “attacks on Powell have irritated some senior administration officials.” Continue Reading Trump Praises Pulte, Refuting Media Reports on Problems with the FHFA Chief
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CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers
The CFPB report also noted that domestic violence survivors face additional problems with servicers. Continue Reading CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers
Lafayette RE Management in $680,000 Settlement Over PPP Loan Fraud
The company claimed it was settling the charges to avoid lengthy and costly litigation. Continue Reading Lafayette RE Management in $680,000 Settlement Over PPP Loan Fraud
DC Tax Firm Executive Pleads Guilty to Mortgage Fraud
Timothy Trifilo will be sentenced on May 19, 2025. Continue Reading DC Tax Firm Executive Pleads Guilty to Mortgage Fraud
Federal Reserve Cuts Rates for Third Straight Time
The Fed also stressed that it would “continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities.” Continue Reading Federal Reserve Cuts Rates for Third Straight Time
Title Insurance Premium Volume Up 5.3% in Q3
The top underwriter in the third quarter as measured by market share was First American Title Insurance Co. (21.9%). Continue Reading Title Insurance Premium Volume Up 5.3% in Q3
Insurance Bureau of Canada Slams Trudeau Response to Climate-Related Losses
Insurance Bureau of Canada (IBC), the national industry association representing Canadian private home, auto and business insurers, has blamed Prime Minister Justin Trudeau’s for failing to protect property owners from climate-related disasters during 2024. “After the costliest summer in Canadian history, with almost $8 billion in insured losses due to floods, hail and wildfires, the… Continue Reading Insurance Bureau of Canada Slams Trudeau Response to Climate-Related Losses Continue Reading Insurance Bureau of Canada Slams Trudeau Response to Climate-Related Losses
New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders
The proposed regulation tests will take place where the nonbanks are originating loans rather than where they have a physical branch presence. Continue Reading New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders
CFPB Finalizes Rule on PACE Loan Protections
The new rule requires lenders to assess a borrower’s ability to repay a PACE loan. Continue Reading CFPB Finalizes Rule on PACE Loan Protections
Real Estate Investor Sentenced for Role in Mortgage Fraud Scheme
ron Puretz pleaded guilty to one count of conspiracy to commit wire fraud affecting a financial institution. Continue Reading Real Estate Investor Sentenced for Role in Mortgage Fraud Scheme
Mortgage Application Activity Down Slightly
The MBA reported mortgage applications for new home purchases in November were up 7.2% year-over-year. Continue Reading Mortgage Application Activity Down Slightly
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