Top Headlines
Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements
District Court Judge Andrea R. Wood said the request was “neither necessary nor appropriate.” Continue Reading Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements
Massachusetts Governor Proposes ‘Mansion Tax’ to Fund Affordable Housing Projects
The average Massachusetts home value is $612,509, up 8.7% over the past year. Continue Reading Massachusetts Governor Proposes ‘Mansion Tax’ to Fund Affordable Housing Projects
NAR: ‘Cooperative Compensation is Good for Consumers’
NAR Graham Wood said the organization “believes this outcome was unsupported and was largely driven by legally erroneous rulings by the judge.” Continue Reading NAR: ‘Cooperative Compensation is Good for Consumers’
CFPB Settles Enforcement Suit Filed 10 Years Ago
In May 2014, the CFPB filed a complaint against Consumer First Legal Group LLC and four attorneys. Continue Reading CFPB Settles Enforcement Suit Filed 10 Years Ago
Safe and Green Development Corp. Acquires XENE Real Estate AI Software
The platform is being promoted as a tool to streamline property transactions. Continue Reading Safe and Green Development Corp. Acquires XENE Real Estate AI Software
Young military families tap veteran benefits to buy homes in a hot real-estate market
Source: CNBC --- Eddie Valdivia, 34 and his wife, Vanessa, 36, workers at the Red Cross, bought their first house last October, right in the middle of the pandemic. It’s a three-bedroom, three-bathroom house on a half-acre in Palmdale, California, about 90 minutes...
Loan Modifications Affect the Mortgage Ecosystem
Source: Scotsman Guide --- The Consumer Financial Protection Bureau (CFPB) has been closely monitoring the loan default situation and is taking various steps in a bid to prevent a wave of foreclosures that could result from borrowers exiting their mortgage forbearance...
Loan Modifications Affect the Mortgage Ecosystem
Source: Scotsman Guide --- The Consumer Financial Protection Bureau (CFPB) has been closely monitoring the loan default situation and is taking various steps in a bid to prevent a wave of foreclosures that could result from borrowers exiting their mortgage forbearance...
Redfin Survey: One-Third of Millennial Homebuyers Are Using Extra Savings From the Pandemic for Their Down Payment
Source: Redfin --- Private outdoor space is the number one feature buyers are looking for this year. Rising prices are the top concern, reflecting America’s hot housing market, with price growth hitting double digits every month this year. For nearly one-third (31%)...
Why You Should Not Pay Off Your Mortgage
Source: Forbes --- I’ve been investing in real estate for over 15 years, but at the beginning, like most people, I immediately began trying to pay off my mortgage, figuring the quicker I got rid of the debt, the better. Then, I finally realized something that has...
First-Time Homebuyer Loans & Programs
Source: Point2Homes --- Buying a home might seem simple, but there’s actually a lot more involved than you might initially think. For instance, in addition to a variety of new terms to understand, there’s also paperwork to complete and fees to pay before closing on...
What is Landlord Insurance, and How Does it Work?
Source: Point 2 Homes --- What is Landlord Insurance? Landlord insurance is a policy that is specifically designed to protect owners of rental properties. There are different levels of coverage, but for the most part, the policy is aimed at non-owner-occupied...
Combating Wire Fraud In The Mortgage Industry
Source: Forbes --- As real estate transactions have moved online, so have scammers who hope to intercept money that's meant for down payments and funding loans. According to the FBI's 2020 Internet Crime Report, nearly 14,000 people fell victim to real estate/rental...
Buying vs. Renting — How the 5% Rule Can Help You Decide
Source: Point 2 Homes--- The 5% rule was coined by Canadian investment portfolio manager Ben Felix. It stems from the general consensus among potential homebuyers that if you can afford to make mortgage payments that are equal or less than what you’re paying in rent,...
Rate-Conscious Homeowners Are Repeatedly Refinancing Their Mortgages. Is Another Refi Right for You?
Source: Money --- Carlos Barros was elated when he refinanced his mortgage back in May 2020, locking in a 3.125% rate and reducing his monthly payments by about $220. Unfortunately, the feeling didn’t last long. “Just a week or so after I closed on my refinance —...
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