Top Headlines
FHLBank Dallas Launches $1 Million Fund for Tribal Housing
“Our District has about 30 federally recognized tribes,” said FHLBank Dallas’ Greg Hettrick, Continue Reading FHLBank Dallas Launches $1 Million Fund for Tribal Housing
Ex-Baltimore Prosecutor Avoids Prison in Sentencing for Mortgage Fraud
Marilyn Mosby is seeking a presidential pardon. Continue Reading Ex-Baltimore Prosecutor Avoids Prison in Sentencing for Mortgage Fraud
HUD Secretary Marcia Fudge to Step Down
HUD Deputy Secretary Adrianne Todman will serve as acting secretary after Fudge’s departure. Continue Reading HUD Secretary Marcia Fudge to Step Down
MBA CEO Broeksmit Challenges CFPB Claims of ‘Junk Fees’ in Closing Costs
President Biden has spent several months denouncing “junk fees” and raised the subject in his politically charged State of the Union speech last Thursday. Continue Reading MBA CEO Broeksmit Challenges CFPB Claims of ‘Junk Fees’ in Closing Costs
Premiere Plus Realty Teams with United Real Estate
PPR produced over $3.29 billion in annual sales volume and 5,004 transaction sides in 2023. Continue Reading Premiere Plus Realty Teams with United Real Estate
Mortgage applications decrease over last week of 2021
Source: MPA --- Mortgage applications decreased over the last week of 2021, according to recent data from the Mortgage Bankers Association (MBA). MBA’s latest weekly mortgage applications survey revealed that mortgage applications for the week ending December 31,...
Real estate market in 2022 will ‘remain very strong,’ expert says
Source: Fox Business --- Compass Executive Vice President Mike Aubrey argued on Wednesday that 2022 will still experience a "really good real estate market," but acknowledged that the "frenzy of 2021" likely won't happen again. Aubrey stressed, however, that the...
Demand For Vacation Homes Up 77% From Pre-Pandemic in December
Source: Redfin --- Demand for vacation homes was up 77% from pre-pandemic levels in December. That’s slightly below the 80% increase in November and the record 92% gain in January, but up significantly from the 2021 low hit in August.
Biggest Portland real estate bidding wars of 2021: Homes that sold up to $605,000 over asking price
Source: The Oregonian/OregonLive--- Last year was a head spinner for home shoppers. The desire to take advantage of historic low mortgage interest rates and move to a larger place to work and staycation during the coronavirus pandemic was dashed for some...
The Absolute Cheapest State to Buy A House Is…
Source: Apartment Therapy --- When you’re buying a new home, it’s all about location, location, location. Based on where you decide to live, you may have lower home costs, but pay more in utilities. Or, you could pay a higher mortgage but your property taxes will...
Virginia launches mortgage relief plan for distressed borrowers
Source: National Mortgage News --- Virginia began accepting applications on Monday for its mortgage relief program, with financial assistance provided through the federal government’s Homeowner Assistance Fund. The state received more than $258 million from the U.S....
Home affordability plummeted in fourth quarter
Source: Housing Wire--- Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said. ...
Red-Hot Housing Market Fuels Mortgage Borrowing Record
Source: The Wall Street Journal --- Americans borrowed more than ever to buy homes in 2021. Mortgage lenders issued $1.61 trillion in purchase loans in 2021, according to estimates by the Mortgage Bankers Association. That is up slightly from $1.48 trillion in 2020...
New York company makes City’s largest real estate purchase
Source: Santa Monica Daily Press --- The largest real estate deal in the city’s history closed this week with the sale of eight properties to New York based real estate company Tishman Speyer. According to a statement from brokerage Walker & Dunlop, Tishman’s...
Mortgage Rates Increased to 3.27% Last Week. Here’s What Experts Forecast Amid Rising Inflation and COVID Cases
Source: Next Advisor --- Mortgage rates increased slightly by 0.01% last week to 3.27%, a movement consistent with what housing experts have been forecasting for months: Mortgage rates will rise in 2022. Rates have been moving up and down slightly amid growing...
