Top Headlines
Denver Housing Authority Fires CEO
Joshua Crawley, DHA’s chief legal officer, was named interim CEO. Continue Reading Denver Housing Authority Fires CEO
Report: NY Attorney General Investigating Compass Over Potential Antitrust Issues
Shares of Compass dropped by 12.69% shortly after news of the probe was first reported. Continue Reading Report: NY Attorney General Investigating Compass Over Potential Antitrust Issues
Jerome Powell Takes Aim at Trump: ‘Fed Has Been Undergoing a Stress Test’
“If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well,” Powell said. Continue Reading Jerome Powell Takes Aim at Trump: ‘Fed Has Been Undergoing a Stress Test’
Dream Finders Homes Offers to Acquire Beazer Homes for $704 Million
Millrose Properties announced its intent to provide land banking capital to support the proposed acquisition of Beazer Homes. Continue Reading Dream Finders Homes Offers to Acquire Beazer Homes for $704 Million
The Real Brokerage Acquires RE/MAX Holdings for $880 Million
Going forward, the new Real REMAX Group will be headquartered in Miami with significant operations remaining in the Denver area. Continue Reading The Real Brokerage Acquires RE/MAX Holdings for $880 Million
Report: 1 in 5 Homebuyers Are Gen Z
This youthful generation represents nearly one-third of all first-time homebuyer loans and 27% of FHA purchase lending. Continue Reading Report: 1 in 5 Homebuyers Are Gen Z
Mortgage Rates Take a Mild Tumble
The 30-year fixed-rate mortgage averaged 6.43% as of July 2, down from last week when it averaged 6.49%. Continue Reading Mortgage Rates Take a Mild Tumble
Mike Kortas Launches evoLend as Start-Up Mortgage Servicing Company
Tammy Richards, chief strategy officer at NEXA, has been named CEO of evoLend, which will operate as an independent company. Continue Reading Mike Kortas Launches evoLend as Start-Up Mortgage Servicing Company
Mortgage Application Activity Records Slight Uptick
The FHA share of total applications decreased to 16.9% from 17.9% the week prior. Continue Reading Mortgage Application Activity Records Slight Uptick
New Report Finds National Average for Mortgage Closing Costs Down by 3%
The greatest single-market shift during this period occurred in the District of Columbia, where closing costs dropped 21.1%. Continue Reading New Report Finds National Average for Mortgage Closing Costs Down by 3%
Calendar Anomaly Boosts Mortgage Delinquency Rate by 15 Basis Points
“While the headline increase in delinquencies may draw attention, the underlying performance picture is stable as delinquencies remain below January 2020 levels,” said ICE’s Andy Walden. Continue Reading Calendar Anomaly Boosts Mortgage Delinquency Rate by 15 Basis Points
Mortgage Rates Tick Up Slightly
The 30-year fixed-rate mortgage averaged 6.49% as of June 25, up from last week when it averaged 6.47%. Continue Reading Mortgage Rates Tick Up Slightly
Survey Finds High Anxiety Levels Among Canadians Facing Mortgage Renewals
The findings are based on an online survey of approximately 2,000 Canadians across all regions. Continue Reading Survey Finds High Anxiety Levels Among Canadians Facing Mortgage Renewals
Refinancing Action Sparks Uptick in Mortgage Application Activity
The FHA share of total applications increased to 17.9% from 17.5% the week prior. Continue Reading Refinancing Action Sparks Uptick in Mortgage Application Activity
HUD Updates 14 FHA Policies in Move to Improve Affordability
“Every unnecessary regulation comes with a cost, and too often homebuyers pay the price,” said HUD Secretary Scott Turner. Continue Reading HUD Updates 14 FHA Policies in Move to Improve Affordability
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