Top Headlines
Report: GSEs Planning Tougher Rules on Multifamily Lenders
Fannie Mae and Freddie Mac together owned or guaranteed nearly 40% of the $2.2 trillion in multifamily mortgage debt. Continue Reading Report: GSEs Planning Tougher Rules on Multifamily Lenders
$4 Billion Settlement Reached in Maui Wildfires Devastation
“This global settlement of over $4 billion will help our people heal,” said Gov. Josh Green. Continue Reading $4 Billion Settlement Reached in Maui Wildfires Devastation
Developer Donates $10 Million for Real Estate Program at NC State University
Peter Pappas developed more than 3 million square feet of property in the Charlotte metro area. Continue Reading Developer Donates $10 Million for Real Estate Program at NC State University
Judge Blocks Foreclosure Auction of Elvis Presley’s Graceland
The Presley family said the company planning the auction has no claim to the property. Continue Reading Judge Blocks Foreclosure Auction of Elvis Presley’s Graceland
VA to Publish Circular Addressing Buyer Commission Policy
The circular is planned to be issued by June 12. Continue Reading VA to Publish Circular Addressing Buyer Commission Policy
Mortgages Are The Biggest Ripoff On Earth
Source: Surviving Tomorrow --- I got my first and hopefully last bank mortgage when I was nineteen years old. Despite not having a full-time job, me and a teenage buddy pre-qualified to borrow up to $250,000. We bought a fourplex, renovated it, and flipped it for a...
The US housing market’s stagnation has gotten even worse
Source: Quartz--- The meteoric rise of mortgage rates has zipped past another milestone this year. For the first time since April 2002, the 30-year fixed-rate mortgage (FRM) topped 7% this week, according to data from Federal Home Loan Mortgage Corporation (Freddie...
The Reason Home Prices Are Finally Dropping
Source: Slate --- This article is from Full Stack Economics, a newsletter about the economy, technology, and public policy. In March 2021, a woman in the D.C. area put her house on the market and got 88 bids—including 76 all-cash offers and 15 from people who hadn’t...
Paying Cash for Your Home Is a Bad Idea for These 4 Reasons
Source: The Motley Fool --- After rock-bottom interest rates during the first phase of the COVID-19 pandemic, the mortgage chickens have finally come home to roost. In October 2021, the average U.S. mortgage interest rate for a 30-year fixed-rate mortgage was just...
Options available to offset higher mortgage rates
Source: Salem News --- American homeowners are feeling the pinch as the Federal Reserve continues to ratchet up interest rates to combat inflation. The average rate for a 30-year fixed rate mortgage rose above 6% this month for the first time since 2008, putting both...
Home prices are finally falling. But how low will they go?
Source: CNN --- The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked and are on their way back down. But what homebuyers and homeowners alike want to know is: How much lower will prices...
Study finds middle-income housing fund outperforms high-dollar real estate
Source: Austin Monitor --- An Austin investment fund created to support and stabilize middle-income rental housing has been verified as an attractive and viable investment by researchers from two Texas universities. Affordable Central Texas, which began acquiring...
How to get the most out of mortgage conferences
Source: Housing Wire --- Conference season is here in full force. After a one-to-two-year break from in-person events due to the COVID-19 pandemic, it can be challenging to navigate the slew of mortgage conferences that hit the industry each fall. For some, conference...
Dave Ramsey Says These Are the 3 Biggest Downsides of Owning Your Own Home
Source: The Motley Fool --- If you're excited about buying a home, you're probably thinking about all of the advantages of ownership. And there are plenty. You can personalize your space, of course. And your mortgage payments will help you build equity and acquire...
When to expect the housing market downturn to conclude, according to Wells Fargo
Source: Yahoo Finance --- Historically speaking, most U.S. recessions arrive after a period of rate tightening by the Federal Reserve. As the Fed raises interest rates to tame inflation, it begins to cause economic activity to contract. Of course, “Fed-induced...
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