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
Another Grand Jury Refuses to Indict Letitia James on Mortgage Fraud-Related Charges
For the second time in a week, a Virginia grand jury has refused to indict New York Attorney General on mortgage fraud-related charges. The New York Times notes that while there is nothing to prevent the Trum administration from trying to indict her again, the...
Court Orders California City to Approve Affordable Housing
The California Supreme Court ruled that the City of Huntington Beach must approve plans for residences that low-income people could afford. The San Francisco Chronicle reports the city argued the decision to build a specific amount and type of housing belongs to local...
Gloria Siciliano Named 2026 President at New Jersey Realtors
New Jersey Realtors has named Gloria Siciliano as its 2026 president. Siciliano received her broker’s license in 2001 and opened RE/MAX Gateway in Ocean Township, New Jersey, in 2006. She was president-elect in 2025 and treasurer in 2022 and 2023 and serves on New...
News & Current Events
Mortgage Rates Tick Up Slightly
The 30-year fixed-rate mortgage averaged 6.22% as of Dec. 11, up from last week when it averaged 6.19% Continue Reading Mortgage Rates Tick Up Slightly
AG Bondi: ‘There is No Investigation into Bill Pulte’
It is unclear why Bondi waited three weeks to make this announcement. Continue Reading AG Bondi: ‘There is No Investigation into Bill Pulte’
NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House
Ken Yiu faces up to 30 years in prison and a maximum fine of $1 million for the mortgage fraud count and 20 years in prison and a maximum fine of $500,000 for the drug count. Continue Reading NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House
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Freddie Mac CEO Diana Reid Has Been Fired
The Freddie Mac website currently lists President Mike Hutchins as interim CEO. Continue Reading Freddie Mac CEO Diana Reid Has Been Fired
Canada to Drop Goods and Services Tax for First-Time Home Purchases Under $1 Million
Prime Minister Carney said the tax cut will save Canadians up to $50,000. Continue Reading Canada to Drop Goods and Services Tax for First-Time Home Purchases Under $1 Million
NY Governor Announces RFP for Redeveloping Brooklyn Site
Hochul envisions the site becoming a mixed-use, 100% affordable housing development. Continue Reading NY Governor Announces RFP for Redeveloping Brooklyn Site
SDS Capital Group Launches $1 Billion Fund Aimed at Affordable Housing Creation
SDSID is expected to finance more than $1 billion of new housing units over the next 18 months. Continue Reading SDS Capital Group Launches $1 Billion Fund Aimed at Affordable Housing Creation
Multiply Mortgage Raises $23.5 Million in Series A Funding
Multiple Mortgage’s services are available in 45 states and the District of Columbia. Continue Reading Multiply Mortgage Raises $23.5 Million in Series A Funding
FHLBank Atlanta to Provide $50 Million for Affordable Housing Grants
Applications for the grants begins on April 21 and will be accepted through May 22. Continue Reading FHLBank Atlanta to Provide $50 Million for Affordable Housing Grants
New York State’s Housing Inventory at Record-Setting Low
Home prices soared by 15.4% year-over-year, from a median of $378,000 in February 2024 to $436,125 last month. Continue Reading New York State’s Housing Inventory at Record-Setting Low
Florida Home Sales Down Despite Rising Inventory Levels
The statewide median sales price for single-family existing homes last month was $415,000. Continue Reading Florida Home Sales Down Despite Rising Inventory Levels
Wisconsin Home Sales Up 7%, Median Home Price Up 11%
During February, Wisconsin’s housing market had 16,037 listings, a 0.4% uptick from the 15,972 one year before. Continue Reading Wisconsin Home Sales Up 7%, Median Home Price Up 11%