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Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
At the other end of the spectrum, about 2.8% of mortgaged residential properties were considered seriously underwater in the third quarter. Continue Reading Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
At the other end of the spectrum, about 2.8% of mortgaged residential properties were considered seriously underwater in the third quarter. Continue Reading Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
Developer Pleads Guilty for $13 Million Scams Involving Latin American Real Estate Projects
A real estate developer pleaded guilty to defrauding investors out of more than $13 million with scams involving fraudulent projects in Latin America. Barry Breeman, 75, of Tuxedo Park, New York, solicited investments in various real estate projects through false and...
‘There Are No More Excuses’ — Newsom Tells California Cities to Remove Homeless Encampments
California Gov. Gavin Newsom has called on the state’s localities to address the presence of homeless encampments on their streets. “There’s nothing compassionate about letting people die on the streets,” said Newsom in a statement. “Local leaders asked for resources...
Purple Pepe Memecoin Gains First Acceptance as Real Estate Payment
The memecoin Purple Pepe (PURPE) has gained its first acceptance as the payment format on a real estate transaction. Missouri-based real estate developer Daniel Westermier is now accepting PURPE as payment for a commercial property in Sedalia, Missouri. According to...
NEWS & CURRENT EVENTS
Rental Housing Groups Ask White House to Review Regulations Impacting Construction and Affordability
The organizations argued the regulations have created more problems than solutions. Continue Reading Rental Housing Groups Ask White House to Review Regulations Impacting Construction and Affordability
J. Blake Sanderson to Lead First Internet Bank’s Commercial Real Estate Business
Sanderson succeeds Nick Campbell, who has been promoted to senior credit officer. Continue Reading J. Blake Sanderson to Lead First Internet Bank’s Commercial Real Estate Business
$2 Billion Construction Loan Originated for Utah AI Data Center
The new data center is designed to provide 175 megawatts of continuous power. Continue Reading $2 Billion Construction Loan Originated for Utah AI Data Center
Former RE/MAX Executive Larry Oberly Teams with Realty One Group on Global Franchise Expansion
“This is just the beginning of our massive efforts to paint the globe gold,” said Kuba Jewgieniew, CEO and founder. Continue Reading Former RE/MAX Executive Larry Oberly Teams with Realty One Group on Global Franchise Expansion
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Slight Uptick in Mortgage Application Activity
“The level of ARM applications increased by 15% over the week,” said MBA’s Joel Kan. Continue Reading Slight Uptick in Mortgage Application Activity
CFPB Sues Freedom Mortgage Over ‘Providing False Data’
Director Rohit Chopra said his agency “will continue to focus on ending the cycle of misconduct by repeat offenders in the financial industry.” Continue Reading CFPB Sues Freedom Mortgage Over ‘Providing False Data’
Mortgage Credit Availability Up Slightly in September
“There were more loan programs for ARM loans for borrowers seeking lower initial monthly payments,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Up Slightly in September
Lango Real Estate Speeds Up Plans to Go Public
Managing Director Thomas Reilly said the company is in discussions with the London Stock Exchange to start the listing process. Continue Reading Lango Real Estate Speeds Up Plans to Go Public
Homebuyers Increasingly Tap Into the Bank of Mom and Dad
“The challenging market conditions this year are changing buyer behavior in significant ways,” said Realtor.com’s Danielle Hale. Continue Reading Homebuyers Increasingly Tap Into the Bank of Mom and Dad
Joe Dahleen Named Mortgage Lending Advisor at Plunk
Dahleen’s career involved leadership roles at Elevation Home Loans, FirstClose, MortgageHippo, Primary Capital Mortgage, Talis Lending and Taxdoor. Continue Reading Joe Dahleen Named Mortgage Lending Advisor at Plunk
Alta at The Farm, a Residential Community, Opens in Dallas Suburb
The new community is based in the heart of The Farm, a 135-acre mixed-use development. Continue Reading Alta at The Farm, a Residential Community, Opens in Dallas Suburb
DeSimone Consulting Engineering Acquires British Firm Decipher
The final terms of the deal were not disclosed. Continue Reading DeSimone Consulting Engineering Acquires British Firm Decipher
titleLOOK Expands Title Report Reviews to Mortgage Banking Sector
The Bangor, Maine-based titleLOOK by Mainspring Services announced that it is now offering its automated title review to lenders, government-sponsored enterprises and other organizations in the mortgage banking sector. titleLOOK was launched in 2021 and was initially...
La Rosa Holdings Announces IPO
The shares begin trading today on The Nasdaq Capital Market under the ticker symbol “LRHC.” Continue Reading La Rosa Holdings Announces IPO
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Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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