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Swalwell Sues Pulte Over Mortgage Fraud Allegations
Swalwell also accused Pulte of violating the Privacy Act of 1974, which forbids federal agencies from making unauthorized public disclosures of sensitive information relating to an individual. Continue Reading Swalwell Sues Pulte Over Mortgage Fraud Allegations
Swalwell Sues Pulte Over Mortgage Fraud Allegations
Swalwell also accused Pulte of violating the Privacy Act of 1974, which forbids federal agencies from making unauthorized public disclosures of sensitive information relating to an individual. Continue Reading Swalwell Sues Pulte Over Mortgage Fraud Allegations
Pending Home Sales Down 0.4% in July
Pending home sales during July were down by 0.4% month-over-month but were up 0.7% year-over-year, according to the National Association of Realtors (NAR). On a regional basis, pending sales were down in the Northeast and Midwest from June into July, but were up in...
Median Mortgage Payments Down Slightly in July
The national median mortgage payment in July was $2,127, down from $2,172 in June, according to data from the Mortgage Bankers Association (MBA). On a year-over-year basis, the sum was down $13, equal to a 0.6% decrease. The national median mortgage payment for...
Houston Astros File Lawsuit to Block Property Taxes on Stadium
The owners of the Houston Astros have filed a lawsuit seeking to exempt the team from having to pay property taxes on their stadium. The Houston Chronicle reports the Astros are trying to avoid property taxes on Daikin Park by claiming Harris County "has no authority...
NEWS & CURRENT EVENTS
CoStar Group CEO Andy Florance Blasts Zillow’s ‘Anticompetitive’ Ban on Private Listings
“How do agents and brokers keep earning commissions when Zillow aggressively holds the reins over four major real estate portals?” Florance asked. Continue Reading CoStar Group CEO Andy Florance Blasts Zillow’s ‘Anticompetitive’ Ban on Private Listings
Court Dismisses Homie’s Lawsuit Against NAR
The court decided Homie failed to adequately present its case. Continue Reading Court Dismisses Homie’s Lawsuit Against NAR
Report: REITs Raised $22.5 Billion in Q2
There were no merger and acquisition deals in this sector during the first half of the year. Continue Reading Report: REITs Raised $22.5 Billion in Q2
Is Trump Firing Powell? News Reports Claim He Might, Trump Says ‘Highly Unlikely’
A recent Supreme Court decision stated that the president does not have the authority to remove Fed officials at will. Continue Reading Is Trump Firing Powell? News Reports Claim He Might, Trump Says ‘Highly Unlikely’
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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.
NerdWallet Acquires Mortgage Brokerage Next Door Lending
Next Door Lending’s president and co-owner is Jonathan Haddad, who is also chairman and chief executive of AIME. Continue Reading NerdWallet Acquires Mortgage Brokerage Next Door Lending
Wendy’s to Close 140 Restaurants
The Wendy’s Company (NASDAQ: WEN) has become the latest restaurant chain to close locations, with 140 eateries set to be shuttered in the fourth quarter. The closures were announced Thursday during the company’s earnings call. According to a report in Restaurant Dive,...
New Fund Focuses on BTR Communities in Opportunity Zones
“This tax-advantaged real estate fund is targeting strong risk-adjusted returns,” said Jeff Feinstein, managing partner at Pinnacle Partners. Continue Reading New Fund Focuses on BTR Communities in Opportunity Zones
Cape Cod Estate Adjacent to the Kennedy Compound Listed for Nearly $20 Million
The estate known as Port View was built in 1914. Continue Reading Cape Cod Estate Adjacent to the Kennedy Compound Listed for Nearly $20 Million
Mortgage Application Payments Down in September
Homebuyer affordability improved last month as the national median payment applied for by purchase applicants dropped by 0.8% from $2,057 in August to $2,041 in September, according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index. The...
Mortgage Industry Executive Frank Pallotta Weighs Run for New Jersey Legislative Seat
Pallotta previously ran for New Jersey’s 5th Congressional District in 2020 and 2022. Continue Reading Mortgage Industry Executive Frank Pallotta Weighs Run for New Jersey Legislative Seat
Mortgage Rates Up for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31. Continue Reading Mortgage Rates Up for Fifth Straight Week
Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
Buyer’s agent commissions for homes listed under $500,000 inched up from an average of 2.41% in August to 2.43% in October. Continue Reading Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Mortgage rates were at a historic low of 2.65% in 2021 before soaring to decade-long highs of 7.79% in the fall of 2023. Continue Reading Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Zombie Foreclosures Down 20% from Last Year
The number of zombie properties has gone up quarterly in 30 states. Continue Reading Zombie Foreclosures Down 20% from Last Year
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