Top Headlines
James Noel Named President of Development at The Franklin Johnston Group
Noel joined TFJG in 2017 as senior vice president and general counsel. Continue Reading James Noel Named President of Development at The Franklin Johnston Group
NYC Reopens Section 8 Housing Wait List After 15-Year Closure
“Addressing our city’s housing crisis means using every tool our city has,” said Mayor Eric Adams. Continue Reading NYC Reopens Section 8 Housing Wait List After 15-Year Closure
Virginia Housing Names Tammy Neale CEO
Neale replaces Susan Dewey, who retired from the Richmond-based housing authority at the end of 2023. Continue Reading Virginia Housing Names Tammy Neale CEO
Trump Unable to Secure $454 Million Surety Bond in Valuation Fraud Case
ew York Attorney General Letitia James threatened to seize Trump’s real estate assets if he failed to secure the bond. Continue Reading Trump Unable to Secure $454 Million Surety Bond in Valuation Fraud Case
Trump Advisers Offer Possible Candidates to Replace Powell as Fed Chairman
Trump appointed Powell in 2018 but quickly soured on him. Continue Reading Trump Advisers Offer Possible Candidates to Replace Powell as Fed Chairman
Nearly 6,000 U.S. Homes Have Sold For $100,000+ Above Asking Price This Year
Source: Redfin --- Nationwide, 5,897 homes sold for at least $100,000 over asking price at the beginning of this year, up from 2,241 during the same period last year. The Los Angeles metro area led the way, with 718 homes selling for at least $100,00 over asking...
What opportunities do lenders miss out on by not focusing on credit?
Source: Housing Wire --- HousingWire: What opportunities do lenders miss out on by not focusing on credit, especially early in the mortgage origination cycle? Mike Darne: When I joined CreditXpert back in March of 2021, I started digging into aggregated internal...
Why the Public is Not Happy with Inflation!
In 1913 folks could buy a five-course meal and iced tea for 10 cents. That was about the time when the Federal Reserve system (central bank) was established. Since that time, approximately 109 years later, as of 2022, inflation increased by 2,740%. Many folks will...
American Mortgage Payment Costs Are Now 36% Higher Than a Year Ago
Source:Bloomberg --- Finding a home to buy is only the first struggle. Then there’s paying the mortgage. That’s become increasingly challenging, with the average American monthly mortgage payment rising to the highest level ever. It’s now $1,230 per month for...
Texas mortgage assistance program opens for statewide applications
Source: KERA News --- State officials have rolled out a "Texas Homeowner Assistance Fund" that is designed to help homeowners who’ve fallen behind on mortgage payments and other housing costs during the pandemic. The program has about $700 million in federal funds...
Crypto mortgage lenders are entering the hottest housing market ever
Source: Fortune --- When Chris Matta wanted to buy a condo in Jersey City three years ago, he ran into a problem. Matta, 32, had just left a job as vice president at Goldman Sachs to start Crescent Crypto, a crypto asset management firm, and most of his net worth was...
Mortgage insurance explained (Podcast)
Source: The Mortgage Reports --- Mortgage insurance basics Mortgage insurance might sound like something that protects you – the homeowner – should you fall behind on your payments. But in reality, it’s a policy for the lender that ensures they’ll recoup their losses...
Multifamily Construction Sentiment in U.S. Remains Positive in Late 2021
Source: World Property Journal --- According to the National Association of Home Builders latest Multifamily Market Survey, confidence in the market for new multifamily housing improved in the fourth quarter of 2021. The MMS produces two separate indices. The...
Friends Do Business with Friends
“Being and Time’” written in 1927, best discussed the concept of authenticity, of being, and caring. Martin Heidegger, a German philosopher, is an excellent read. In Heidegger’s study, he referred to as “Dasein,” which means “Being-there.” One may interpret it as...
John G Stevens makes list of Top 100 Global Leaders in Finance
Source: JohnGStevens.com --- The Global conference on Insurance and Finance (GCIF) has released its 2021 list of the Top 100 Global Leaders in Finance and included John G Stevens on their annual list. GCIF dives into the latest market trends, cost control strategies,...
Recent Posts
Hits and Misses for the Real Estate Week of Aug. 10-14- Seattle Bans Rental Housing Junk Fees
- American Real Estate Association Hires John Blount as Chief Lobbyist
- Better Pushes Back at Attempt by Ex-CEO Vishal Garg to Regain Control of th…
- REMAX and Golfweek Partner on Real Estate and Lifestyles Destination
