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Marry the House, Date the Mortgage Rate – Does It Work?
Source: Yahoo! --- The average U.S. rate for a 30-year fixed mortgage reached a 20-year high of 7.08% in the final week of October, more than doubling from a year earlier, according to Freddie Mac (FMCC). Homebuyers aren’t happy. On a $350,000 home loan, a mortgage...
Generational Warfare in the Housing Market
Source: Banker & Tradesman --- A recent report from the National Association of Realtors crystalizes the generational and class warfare suburbanites have perpetrated on the rest of this nation. The share of first-time buyers, NAR wrote, has reached its lowest...
CFPB Sues Berkshire Hathaway Unit Vanderbilt Mortgage, Alleging ‘Risky Loans’
“Vanderbilt knowingly traps people in risky loans in order to close the deal on selling a manufactured home,” said CFPB Director Rohit Chopra. Continue Reading CFPB Sues Berkshire Hathaway Unit Vanderbilt Mortgage, Alleging ‘Risky Loans’
LaSalle Investment Management Acquires Arizona Industrial Complex
The complex is 92% leased to eight tenants. Continue Reading LaSalle Investment Management Acquires Arizona Industrial Complex
MBA Promotes Jamie Woodwell to SVP
He most recently served as vice president and head of commercial real estate research. Continue Reading MBA Promotes Jamie Woodwell to SVP
CBRE, Citadel Sign New Leases for Manhattan Office Spaces
CBRE will move into the Lever House while Citadel will occupy the Tishman Building. Continue Reading CBRE, Citadel Sign New Leases for Manhattan Office Spaces
Real Estate Veteran Sherry Chris Hired as Special Advisor to NAR’s CEO
Chris was previously an executive advisor at Anywhere Real Estate Inc. Continue Reading Real Estate Veteran Sherry Chris Hired as Special Advisor to NAR’s CEO
Redfin: Housing Affordability Improved Slightly in 2024
The median monthly housing payment for homebuyers hit a record of $2,920 in 2024, rising 4.3% from 2023 and 86% from 2019. Continue Reading Redfin: Housing Affordability Improved Slightly in 2024
The Appraisal Foundation and Farm Credit System Launch Rural Appraisal Practicum Model
The initiative will create a structured, hands-on model tailored to rural and agricultural property appraisals. Continue Reading The Appraisal Foundation and Farm Credit System Launch Rural Appraisal Practicum Model
Saudi Arabia to Create Securitization Market for RMBS
The endeavor is designed to “attract a diverse base of local and global investors in the secondary mortgage market.” Continue Reading Saudi Arabia to Create Securitization Market for RMBS
Michael S. Barr Steps Down as Federal Reserve’s Vice Chairman for Supervision
Barr served as vice chairman for supervision since July 19, 2022. Continue Reading Michael S. Barr Steps Down as Federal Reserve’s Vice Chairman for Supervision
Justin Trudeau Resigns as Canada’s Prime Minister
Justin Trudeau has announced his resignation as Canada’s 23rd prime minister. Continue Reading Justin Trudeau Resigns as Canada’s Prime Minister
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