Featured Real Estate News
PennyMac Debuts Non-QM Product Suite
PennyMac Financial Services Inc. (NYSE: PFSI) has launched a suite of non-qualified mortgage (Non-QM) products in its third party origination (TPO) division. According to the Westlake Village, California-based company, the new products are designed to “help TPO...
PennyMac Debuts Non-QM Product Suite
The new products are designed to “help TPO partners solve complex borrower scenarios, expand their addressable market, and close more loans.” Continue Reading PennyMac Debuts Non-QM Product Suite
Report: NFL’s Chiefs to Relocate from Missouri to New Domed Stadium in Kansas
The Kansas City Chiefs will announce their plans to relocate across state lines from Kansas City, Missouri, to the same-named city in Kansas. The Kansas City Star, sourcing its coverage from unnamed “sources who asked not to be named because they were not authorized...
Trump Suspends Leases on 5 Offshore Wind Projects
The Trump administration has suspended the leases on five offshore wind projects, citing alleged national security concerns. According to combined media reports, the projects are Vineyard Wind 1, Revolution Wind, Coastal Virginia Offshore Wind, Sunrise Wind and Empire...
Pennsylvania Home Sales Down While Prices Keep Rising
A total of 9,200 homes were sold in Pennsylvania during November, a roughly 2% decline from the 9,380 sales recorded one year ago. On a month-over-month measurement, sales dropped 17% from October’s total 11,174 transactions. According to the Pennsylvania Association...
News & Current Events
Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative
Last June, the FHLBNY and the HDC partnered on a $150 million bond purchase in support of more than 2,250 homes across HDC programs. Continue Reading Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative
Teen Daughter of Geneva Financial’s Owners to Compete in F1 Academy Racing Season
MoneyGram Haas F1 Team has announced that Kaylee Countryman will represent the squad in next season’s F1 Academy Continue Reading Teen Daughter of Geneva Financial’s Owners to Compete in F1 Academy Racing Season
Trump Economic Adviser: ‘The Whole Cabinet’ Working to Address Housing Issues
“We have got, like, everybody in the whole Cabinet working on trying to get housing to be more affordable,” Kevin Hassett said. Continue Reading Trump Economic Adviser: ‘The Whole Cabinet’ Working to Address Housing Issues
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Profit Margins Down for Q1 Home Sales
ATTOM’s Rob Barber noted that “several communities in Florida and California saw the biggest drop offs.” Continue Reading Profit Margins Down for Q1 Home Sales
Report: South and Midwest Dominate in Homebuilding and Affordability
Realtor.com ranked South Carolina, Iowa, Texas, Indiana, and North Carolina for having the best balance between affordability and new construction. Continue Reading Report: South and Midwest Dominate in Homebuilding and Affordability
Luxury Residential Resort Community to be Built at Lake Travis, Texas
The Canyon Club is a project by Prasso Ventures, a private equity investment group. Continue Reading Luxury Residential Resort Community to be Built at Lake Travis, Texas
Capital Square Opens Luxury Mixed-Use Complex in Raleigh
Maeve includes 297 apartments and more than 10,000 square feet of street-level retail space. Continue Reading Capital Square Opens Luxury Mixed-Use Complex in Raleigh
Christina Pappas Named President at Illustrated Properties
Pappas succeeds Daniel Dennis, who is leaving to pursue new opportunities. Continue Reading Christina Pappas Named President at Illustrated Properties
New Data Center Alliance Aims to Develop Zero-Emission Facilities
The alliance founders are Innovo Profitable Net Zero, ESS, Arco Design/Build, and Corpus Christi Regional Economic Development Corporation. Continue Reading New Data Center Alliance Aims to Develop Zero-Emission Facilities
NJ AG Sues RealPage and Corporate Landlords Over Alleged Rent-Raising Scheme
Matt Platkin, a Democrat, acknowledged his state has a shortage of over 200,000 affordable rental homes. Continue Reading NJ AG Sues RealPage and Corporate Landlords Over Alleged Rent-Raising Scheme
North Carolina County in Notorious Deed Theft Case Installs New Fraud Alert System
The fraud alerts will not stop the deed transfer from happening. Continue Reading North Carolina County in Notorious Deed Theft Case Installs New Fraud Alert System
Gene Simmons Lists Beverly Hills Mansion for $14 Million
“I don’t want anybody coming in there who is going to destroy the place,” said the KISS icon. Continue Reading Gene Simmons Lists Beverly Hills Mansion for $14 Million