Top Headlines
Donald R. Horton, Founder and Chairman of Homebuilder D.R. Horton, Dies at 74
Horton served as the company’s chairman since it was formed in July 1991. Continue Reading Donald R. Horton, Founder and Chairman of Homebuilder D.R. Horton, Dies at 74
FHFA Seeks Input on Future Mission for FHLBank System
Public input is being accepted through July 15. Continue Reading FHFA Seeks Input on Future Mission for FHLBank System
Jonathan Pollack to Become President at Starwood Capital Group
Pollack was Blackstone’s global head of the firm’s real estate credit business since 2016. Continue Reading Jonathan Pollack to Become President at Starwood Capital Group
Reynolds Asset Management Acquires Two Multifamily Properties in Texas
The 360-unit acquisition is a joint venture with Jeff Juster’s Newport Capital Advisors LLC. Continue Reading Reynolds Asset Management Acquires Two Multifamily Properties in Texas
Global Bathroom Sink Market Predicted to Reach $2.14 Billion by 2027
“Emerging economies are expected to witness high growth in the residential construction sector,” the forecast said. Continue Reading Global Bathroom Sink Market Predicted to Reach $2.14 Billion by 2027
Mortgage rates fall for first time in weeks, Freddie Mac data shows
Source: Fox Business --- Mortgage interest rates fell for the first time in weeks in early November, hitting 3.09% annual percentage rate (APR), according to the latest Primary Mortgage Market Survey from Freddie Mac. But despite this drop, experts said rates will...
Higher interest rates mean more expensive mortgages
Source: The Economist --- If the economy is a machine, then monetary policymakers are backroom engineers. On November 4th they held the Bank of England’s interest rate steady at 0.1%, but seem poised to tweak it upwards soon. Investors expect the rate to rise above 1%...
Real estate investments: No one is immune to defaults
Source: The Salt Lake Tribune --- Defaults are always a possibility for anyone lending in real estate, whether they are acting as an individual private lender or investing in “crowdfunded” real estate development. How the default situation is handled can be...
Mortgage Application: What Does It Contain?
Source: Forbes --- The mortgage application process can be lengthy. When filling out your application, you’ll need to provide a handful of personal and financial information—plus the documents to support it. Understanding what goes into a mortgage application can help...
YEAR-END OUTLOOK: CLIMBING MORTGAGE RATES STRAIN BUYING POWER IN 2022
Source: Ris Media--- Homeowners will likely look at the past year of mortgage rate performance with fondness or even regret as the days of historic lows fade. Based on recent Freddie Mac reports, 30-year fixed-rate mortgages (FRM) at 3.14%, are breaking from months of...
City housing report shows rising mortgage, rental costs
Source: IDS News --- The Bloomington City Council discussed some of the current challenges of increasing home-owner and renter costs facing Bloomington residents regarding renting and home ownership Wednesday. In a comprehensive housing report from the City of...
Burning Mortgage Question: Should You Retire, Then Pay Off Your Mortgage?
Source: Green Entrepreneur --- What to do with that mortgage? Many soon-to-be retirees wonder whether they should pay it off, but what about current retirees? Here's how you can make that determination. A common question: Should you pay off your mortgage before you...
2022 home prices will keep rising at or near double digits, predicts the analyst who called the current housing boom
Source: Fortune --- For this writer, Ed Pinto makes the most accurate predictions of all the real estate world’s data-crunchers on where housing prices are heading. Pinto, director of the American Enterprise Institute’s Housing Center and former chief credit officer...
Mortgage Bond Sales Surged in October
Source: Wall Street Journal --- Mortgage companies in the U.S. issued $21 billion of mortgage-backed bonds in October, the second heaviest month of borrowing since the 2008-09 financial crisis, according to research by Bank of America Corp. One reason: It is cheaper...
Homeowners With Risky Alternatives to Traditional Mortgages Eligible for COVID-19 Relief Money
Source: Pew --- The U.S. Treasury Department released guidance in August that made financial assistance available to homeowners experiencing financial hardship linked to the COVID-19 pandemic. The aid could be offered to those with traditional mortgages and those...
