Top Headlines
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
Carl Harris Elected 2024 Chairman of National Association of Home Builders
He is co-founder and vice president of the Carl Harris Co. Inc. and managing partner of Harris Homes Continue Reading Carl Harris Elected 2024 Chairman of National Association of Home Builders
Trump Seeks to Post $100 Million Bond in Real Estate Fraud Case
New York Attorney General Letitia James called the request by Trump “especially inappropriate.” Continue Reading Trump Seeks to Post $100 Million Bond in Real Estate Fraud Case
CFPB Faulted on Lack of Transparency in Civil Penalty Fund Disbursement
An online news site has filed a Freedom of Information Act (FOIA) request to the Consumer Financial Protection Bureau (CFPB) to produce the full list of organizations that received payments from the Civil Penalty Fund that was created when the agency was established...
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...
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