Top Headlines
FDIC Chairman Pledges to Resign When Successor is Confirmed
Gruenberg ‘s action prevents FDIC Vice Chairman Travis Hill, a Republican, from becoming acting chairman. Continue Reading FDIC Chairman Pledges to Resign When Successor is Confirmed
Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale
Jackeline Estrada and her buyers amicably agreed to cancel the sale. Continue Reading Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale
Jason Adams Joins Real Estate Law Firm Cox Castle as a Partner
Adams will focus on handling construction disputes and insurance and risk management matters. Continue Reading Jason Adams Joins Real Estate Law Firm Cox Castle as a Partner
Scientists Group Calls on Feds to Establish a National Housing Loss Rate
The proposal calls for a housing-focused federal agency to take the lead on this project. Continue Reading Scientists Group Calls on Feds to Establish a National Housing Loss Rate
Miami Beach Leaders Oppose Metromover Connection Project
The city leaders suggested exploring other options for alleviating the ongoing traffic congestion problems. Continue Reading Miami Beach Leaders Oppose Metromover Connection Project
The Market for Single-Family Rentals Grows as Homeownership Wanes
Source: New York Times--- The lawns are manicured. The swimming pools sparkle in the sun. And the homes, all of them turnkey and smelling of fresh paint, are lined up in tidy rows, an army of cookie-cutter porches standing at attention. Covid-19 inflamed the real...
How to buy a house with a low income
Source: Bankrate --- If you have a stable job but are earning less than you’d like, you might be concerned that this can impede your ability to purchase a home. The good news: There are mortgages and assistance options that can help you become a homeowner, even with a...
Mortgages tied to ‘green’ home improvements considered by UK
Source: The Guardian --- The government is exploring plans to link mortgages to green home improvements by imposing targets for lenders, to help decarbonise the UK’s ageing and leaky housing stock. Highlighting the move in its net zero strategy, published on Tuesday,...
Current mortgage rates for Oct. 19, 2021: Rates cool off
Source: CNET --- Today a number of important mortgage rates declined. Let's see how that could affect your home loan payments. A few closely followed mortgage rates fell today. Average 15-year fixed mortgage rates climbed, while average 30-year fixed mortgage rates...
What happened when the SBA ran out of small-business real estate loan money
Source: North Bay Business Journal --- For the first time in its history, the U.S. Small Business Administration ran out of money to lend for real estate and equipment acquisitions. The funds in the 504 program were exhausted as of Sept. 7 for the 2020–2021 fiscal...
Zillow takes a break from flipping houses
Source: LA Times --- Zillow Group Inc. is taking a break from buying U.S. homes after the online real estate giant’s pivot into tech-powered house flipping hit a snag. Zillow, which acquired more than 3,800 homes in the second quarter, will stop pursuing new home...
Reverse Mortgage Refinances Remain Near 50% of Volume in August
Source: Reverse Mortgage Daily --- Home Equity Conversion Mortgage (HECM)-to-HECM refinances remained at nearly 50% of total reverse mortgage industry endorsement volume in September 2021, according to the newest HECM Endorsement Analytics report published late last...
Can You Negotiate Real Estate Agent Fees?
Source: Motley Fool --- The quick answer? Yes. But it's not that simple. If you're gearing up to sell your home, you may not want to go it alone. Listing and marketing a home can be time consuming, and there are complexities in negotiating with buyers. That's why so...
Mortgage rates top 3% again — and this time they’re not likely to go back down
Source: Yahoo Finance --- Mortgage rates, which recently dipped below 3% again — delighting home shoppers and homeowners looking to save on a refinance — have surged back above that line, according to a long-running and closely followed survey. The increase is...
Should you refinance your mortgage now? Consider these factors
Source: The Seattle Times --- The Federal Reserve recently announced that it plans in the next few months to hike interest rates and ease up on buying bonds, measures it put in place to prop up the economy during the pandemic. That could mean that the days of...
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