Featured Real Estate News
HUD Proposes Rule Mandating Work Requirements and Time Limits in Public Housing
The Department of Housing and Urban Development (HUD) has put forth a new proposed rule that provides public housing authorities (PHAs) and Section 8 project-based rental assistance (PBRA) owners with the ability to mandate work requirements and time limits for...
HUD Proposes Rule Mandating Work Requirements and Time Limits in Public Housing
HUD noted it is only serving one-quarter of eligible Americans in need of housing assistance. Continue Reading HUD Proposes Rule Mandating Work Requirements and Time Limits in Public Housing
USDA and HUD Delay Biden-Era Energy Code Policy for Another 6 Months
The US Departments of Agriculture (USDA) and Housing and Urban Development (HUD) announced a new six-month delay in the implementation of a mandatory energy code policy for developers of single-family and multifamily housing. The Biden-era policy was published on...
Trump’s Childhood Home Listed at $2.3 Million
Donald Trump’s childhood home in Queens, New York, has been listed for sale for $2.3 million. The Wall Street Journal reports the five-bedroom home at 85-15 Wareham Place in the Jamaica Estates neighborhood was built by the president’s father, Fred Trump, in 1940. The...
Bloom Finance Company Debuts Reverse Mortgage with Lifetime Fixed Interest Rate
Toronto-headquartered Bloom Finance Company Ltd. has rolled out SafeRate, which is being promoted as Canada’s first reverse mortgage with a lifetime fixed interest rate. According to the company, the new product is designed to protect seniors by eliminating...
News & Current Events
A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
Creating a 50-year mortgage with the goal of making housing more affordable is the equivalent of sending shipments of dinnerware into a famine-stricken region. Continue Reading A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
Texas Gov. Abbott Emphasizes Property Tax Relief in Re-Election Campaign
“It’s time to drive a stake through the heart of local property tax hikes for good,” said Abbott. Continue Reading Texas Gov. Abbott Emphasizes Property Tax Relief in Re-Election Campaign
Trump Floats 50-Year Mortgage Proposal, But Many Conservatives Disapprove
FHFA Director Bill Pulte called the idea a “game changer.” Continue Reading Trump Floats 50-Year Mortgage Proposal, But Many Conservatives Disapprove
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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