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JPMorgan Chase Allocates $40 Million for Affordable Housing Development
“We know that housing is at the root of local economic growth and homeownership is key to building generational wealth,” said JPMorgan Chase’s Tim Berry. Continue Reading JPMorgan Chase Allocates $40 Million for Affordable Housing Development
JPMorgan Chase Allocates $40 Million for Affordable Housing Development
“We know that housing is at the root of local economic growth and homeownership is key to building generational wealth,” said JPMorgan Chase’s Tim Berry. Continue Reading JPMorgan Chase Allocates $40 Million for Affordable Housing Development
San Francisco Mayor Supports Parcel Tax on Properties to Fund Ailing Mass Transit System
San Francisco Mayor Daniel Lurie is supporting a proposed parcel tax on properties that will be used to finance the city’s financially ailing mass transit system. The San Francisco Standard reports the San Francisco Municipal Transportation Agency (SFMTA, also known...
Report: 1 in 4 Homes Exposed to Acute Climate Risks
More than one in four homes (26%) representing $12.7 trillion in real estate value are exposed to severe or extreme climate risks, according to a new data report by Realtor.com. The new reported nearly 6 million homes valued at $3.4 trillion are likely to experience...
Experian Updates System to Enable Review of Consumer Rent Histories and Payments
The credit reporting agency Experian has updated its Experian Connect API platform with the addition of RentBureau Consumer Profile, which will allow consumers’ rent history and payment behavior to be factored into their credit scoring. The Costa Mesa,...
NEWS & CURRENT EVENTS
Florida Realtors Names Trey Goldman as SVP of Public Policy
Goldman was previously the Florida Realtors’ legislative counsel based in the Tallahassee public policy office. Continue Reading Florida Realtors Names Trey Goldman as SVP of Public Policy
Report: Dubai Brokers Closed Over 42,000 Transactions During 1H
Over 10,000 women are currently working as brokers in the emirate. Continue Reading Report: Dubai Brokers Closed Over 42,000 Transactions During 1H
Hits and Misses for the Real Estate Week of July 21-25
Cutting capital gains taxes on houses, cutting millions in consulting fees, and cutting out talk about property tax hikes. Continue Reading Hits and Misses for the Real Estate Week of July 21-25
Two Texas Realtor Organizations Announce Merger
MetroTex and CCAR officials said the unified body will result in a stronger legislative influence, reduce duplicated services, and bring down member costs. Continue Reading Two Texas Realtor Organizations Announce Merger
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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
Single-Family Housing Starts Up 6.4%
Privately-owned housing starts were down 1.8% from October. Continue Reading Single-Family Housing Starts Up 6.4%
RE/MAX Holdings Launches Commerce Media Network
The venture is being launched in partnership with the media agency Kontrol Media. Continue Reading RE/MAX Holdings Launches Commerce Media Network
Commercial Mortgage Delinquencies Up in Q3
Delinquencies were up in every major capital source during the third quarter. Continue Reading Commercial Mortgage Delinquencies Up in Q3
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