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Eric Francis Named VP of Finance at GO Mortgage
Francis was previously vice president of mortgage at A+ Federal Credit Union.
Florida is Home to 7 of the 10 Most Overvalued Housing Markets
The Cape Coral metro is the most overvalued housing market, with buyers paying a 47.99% premium on the typical home.
Additional Reading: Top Real Estate News & Headlines
Sunstone Two Tree to Build Three BTR Communities in Phoenix Metro Area
Sunstone Two Tree now has nine BTR communities totaling close to 1,500 units in various stages of development in Arizona.
Marcus & Millichap Partners with Good Earth Coffeehouse on Real Estate Expansion
Good Earth currently operates over 60 coffeehouses, spanning from Victoria in British Columbia to Toronto.
Alpaca Launches Private Equity Real Estate Platform
Daniel Carr and Peter Weiss are the co-founders of the new platform.
Colonnade BridgePort Tapped for Property Management on 2.3 Million SF Portfolio
“This is a testament to our ability to optimize the performance of real estate assets and maximize returns,” said Colonnade BridgePort’s Ron Matheson.
Former Rocket Mortgage Executive Joins Canadian Digital Lender Nesto
Max Wegner will become the Montreal company’s chief revenue officer.
CMBS Delinquency Rate at Second-Highest Post-Pandemic Level
Year over year, the overall CMBS delinquency rate is up 147 basis points.
Serious Mortgage Delinquency Rate at a 23-Year Low
Idaho was the only state to see an annual uptick in its overall mortgage delinquency rate during July, albeit at a scant 0.1 percentage point.
DwellWell Introduces AI in Real Estate Scholarship
Applicants are not required to be studying a real estate or technology discipline.
Hyatt to Launch Platform Offering Short-Term Vacation Rentals of Private Homes
The platform will initially offer U.S. rentals before expanding globally.
Tech Trends: A Good Way to Stay in Contact With Your Prospects
iContact recently unveiled a new tool that allows users to extend their email marketing to popular social media platforms.
Mortgage Rates at Highest Peak in Almost 23 Years
The 30-year fixed-rate mortgage averaged 7.31% as of Sept. 28, up from last week when it averaged 7.19%.
Capital Square Names Megan Bosch as Senior Regional VP for Mid-Atlantic Sales
“Megan will cover a number of important states, including Virginia, our home court,” said Louis Rogers, founder and co-CEO of Capital Square.
Three Frank Lloyd Wright Homes Now Listed for Sale
Two homes are being sold together in Michigan and the third is in Milwaukee.
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A total of 33,952 residential properties had foreclosure filings in August, up 7% from the previous month but down 2% from one year earlier, according to data from ATTOM.
Nationwide, one in every 4,113 housing units had a foreclosure filing last month.
https://wrenews.com/foreclosure-activity-records-uptick-in-august/
Mortgage application activity went into decline again last week, according to data from the Mortgage Bankers Association (MBA).
The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 0.8% #JoelKan #MBA
https://wrenews.com/mortgage-application-activity-down-again/
The Appraisal Institute has launched its Practical Applications of Real Estate Appraisal (AI PAREA) program to expand the depth and scope of the appraiser profession.
The Appraisal Foundation’s Boardof Trustees awarded a $500,000 Pathway to Success
https://wrenews.com/appraisal-institute-debuts-program-to-expand-appraiser-base/
