Top Headlines
Did a Russian Ransomware Gang Breach the Federal Reserve?
Cybersecurity experts are skeptical that any attack transpired. Continue Reading Did a Russian Ransomware Gang Breach the Federal Reserve?
Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect
If commission percentages dropped to 2%, then 79% of the companies in this analysis would be unprofitable. Continue Reading Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect
Douglas Elliman Announces Settlement Over Commission Fees
The settlement agreement is related to the pending Gibson and Umpa cases. Continue Reading Douglas Elliman Announces Settlement Over Commission Fees
Regulators Seize Philadelphia’s Republic Bank as the Year’s First Bank Failure
Republic Bank had approximately $6 billion in total assets and $4 billion in total deposits as of Jan. 31. Continue Reading Regulators Seize Philadelphia’s Republic Bank as the Year’s First Bank Failure
AIDS Healthcare Foundation Cancels $27 Million Purchase of Six LA Properties
The organization said the buildings “would require $14 million to bring them up to a fully habitable state.” Continue Reading AIDS Healthcare Foundation Cancels $27 Million Purchase of Six LA Properties
US housing market price correction to hit ‘coast to coast,’ economist warns
Source: NY Post --- The scorching pandemic-era US housing market is on the verge of a “coast to coast” price correction as the Federal Reserve hikes interest rates, a prominent economist warned this week. Mark Zandi, chief economist at Moody’s Analytics, said his firm...
New Home Sales Increase in May Before Fed June Rate Rise
Source: NAHB --- After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest rate...
What Is an Escalation Clause in Real Estate and When Should You Use One?
Source: Realtor --- What is an escalation clause in real estate, and how does an escalation clause work? When you’re deciding on what price to offer on a home, the situation might call for a single price or, in some cases, numerous prices via an escalation clause. In...
How To Reinvent Yourself & Your Business Enterprise
Once you have decided to reinvent yourself, the next decision is whether to stay in your chosen field or select a new one. Continue Reading How To Reinvent Yourself & Your Business Enterprise
U.S. Mortgage Application Payments Spike $513 in 2022
Source: World Property Journal --- According to the Mortgage Bankers Association's latest Purchase Applications Payment Index, U.S. homebuyer affordability was mostly unchanged in May 2022, with the national median payment applied for by applicants up slightly to...
Home Flips Are Up, But Raw Profits Hit 13-Year Low
Source: National Mortgage Professional --- ATTOM released its first-quarter 2022 U.S. Home Flipping Report showing that home flips are up in the first quarter, while profits have sunk to a 13-year low. The report shows 114,706 single-family houses and condominiums in...
Housing-affordability crunch time is at hand
Source: Sun Gazette --- Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. Demand for homes has pulled back in response, easing price growth, slowing sales and boosting...
Mortgages Update: Fifth Of Mortgage Payments At Risk
Source: Forbes UK --- One fifth (20%) of UK homeowners say they are unsure how they will afford their next mortgage payment, according to a recent survey by our online mortgage broker partner, Trussle. The online survey gathered responses from 2,000 homeowners across...
VA loans: A complete guide to mortgages for eligible military veterans
Source: Bankrate --- For many people, buying a home requires a pile of cash, putting homeownership out of reach. However, for those who qualify because of their military service (or spouse’s military service), it’s possible to get help buying a home with little or no...
Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years
Source: CNBC --- Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications were,...
