Featured Real Estate News
HUD and FHFA Update Credit Scoring Models
The Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) have announced the first major update to their respective credit scoring models in decades. HUD is now enabling the Federal Housing Administration (FHA) to use of...
HUD and FHFA Update Credit Scoring Models
Mortgage Bankers Association President and CEO Bob Broeksmit said this was “an important next step in modernizing the credit scoring framework.” Continue Reading HUD and FHFA Update Credit Scoring Models
Trump Organization to Develop 70-Story Mixed-Use Development in Republic of Georgia
The Trump Organization, in collaboration with five development and investment companies, has unveiled plans for Trump Tower Tbilisi, a 70-story mixed-use property in the capital of the Republic of Georgia. The project is the first Trump branded project in the region...
Report: Land Prices Soared 77% Since the Pandemic
A land buying frenzy created during the pandemic era permanently disrupted the housing market, according to an inaugural data analysis report on land listings by Realtor.com. Since the first quarter of 2019, land market contracted by 23.6% and has yet to recover. Over...
PennyMac Unveils Special Mortgage Program for Team USA Olympic Athletes
PennyMac Financial Services Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT), the Official Mortgage Provider of Team USA and the 2028 Los Angeles Olympic and Paralympic Games, had unveiled the “Welcome Home: Athlete Mortgage Program,” an initiative...
News & Current Events
Tampa Bay Rays Seek $1 Billion in Public Funds for New Stadium
“Should this commitment ultimately not be achievable, we would have no choice but to evaluate alternatives,” said Rays CEO Ken Babby. Continue Reading Tampa Bay Rays Seek $1 Billion in Public Funds for New Stadium
Rosehaven Homes Debuts Extended Deposit Program for Buyers at Ontario Condo Development
Construction is scheduled to begin in the late autumn, with occupancy slated for early 2030. Continue Reading Rosehaven Homes Debuts Extended Deposit Program for Buyers at Ontario Condo Development
Southern Impression Homes Completes First Phase of 213-Unit Dallas-Area BTR Community
Southern Impression Homes is a subsidiary of Japan’s Sumitomo Forestry, which acquired an 80% interest in the company in 2023. Continue Reading Southern Impression Homes Completes First Phase of 213-Unit Dallas-Area BTR Community
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Ginnie Mae Issued $46.1 Billion in Mortgage-Backed Securities During March
The pooling and securitization of loans for more than 128,000 American households, including over 49,000 first-time homebuyers. Continue Reading Ginnie Mae Issued $46.1 Billion in Mortgage-Backed Securities During March
Blueprint Healthcare Real Estate Advisors Taps Peter Trazzera as Senior Director of Capital Markets
Trazerra joins Blueprint following a 12-year tenure as senior vice president at KeyBank Institutional Healthcare. Continue Reading Blueprint Healthcare Real Estate Advisors Taps Peter Trazzera as Senior Director of Capital Markets
Report: FHFA’s Pulte Responsible for Introducing Trump to Controversial Meme
The meme sparked an outrage from many religious conservatives, forcing Trump to remove the post from his Truth Social page. Continue Reading Report: FHFA’s Pulte Responsible for Introducing Trump to Controversial Meme
Builder Confidence at 7-Month Low
“Builder sentiment has fallen back in spring as buyers face ongoing elevated interest rates and growing economic uncertainty,” said NAHB Chairman Bill Owens Continue Reading Builder Confidence at 7-Month Low
Percentage of First-Time Homebuyers Falls to All-Time Low
35% of Gen Z buyers were single females, the highest share among all generations. Continue Reading Percentage of First-Time Homebuyers Falls to All-Time Low
Trump Threatens to Fire Powell if He Stays on the Federal Reserve Board
“I’ve wanted to fire him, but I hate to be controversial,” Trump said. Continue Reading Trump Threatens to Fire Powell if He Stays on the Federal Reserve Board
Refinancing Surge Drives Up Mortgage Application Activity
The Refinance Index increased 5% and was 15% higher than the same week one year ago. Continue Reading Refinancing Surge Drives Up Mortgage Application Activity
Foshay Tower, Historic Minneapolis Property, Faces Foreclosure
The 32-story Art Deco property was built in 1929 as the corporate headquarters for utilities mogul Wilbur Foshay. Continue Reading Foshay Tower, Historic Minneapolis Property, Faces Foreclosure
Century Communities Unveils New Georgia Community
Pricing begins in the $280,000s. Continue Reading Century Communities Unveils New Georgia Community