Top Headlines
The Siegel Group Sells 20 Acres of Las Vegas Land to KB Home for $19 Million
The sale includes approximately 20 acres of a larger 27-acre assemblage along Boulder Highway near US Route 95. Continue Reading The Siegel Group Sells 20 Acres of Las Vegas Land to KB Home for $19 Million
Fairway Mortgage Corp. Settles Redlining Charges, Accusing Feds of Politically Motivated Probe
The company will pay a $1.9 million civil penalty to the CFPB’s victims relief fund. Continue Reading Fairway Mortgage Corp. Settles Redlining Charges, Accusing Feds of Politically Motivated Probe
Grant Cardone: Kamala Harris ‘Does Not Understand Housing’
Cardone noted “we are 4.2 million homes short in America.” Continue Reading Grant Cardone: Kamala Harris ‘Does Not Understand Housing’
Invitation Homes Agrees to $48 Million Settlement with FTC
Invitation Homes was accused of unfair eviction practices, including during the Covid-19 pandemic. Continue Reading Invitation Homes Agrees to $48 Million Settlement with FTC
DOJ Announces $2.4 Million HECM Settlement with Nutter
The company exited the mortgage business in 2022. Continue Reading DOJ Announces $2.4 Million HECM Settlement with Nutter
Mortgage Application Payments Increased 2.5%
The national median mortgage payment for conventional loan applicants was $2,271. Continue Reading Mortgage Application Payments Increased 2.5%
CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
CFPB Director Rohit Chopra opined, “Junk fees and excessive closing costs can drain down payments and push up monthly mortgage costs.” Continue Reading CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
Mortgage Rates Back Above 7%
A year ago at this time, the 30-year fixed-rate mortgage averaged 6.79%. Continue Reading Mortgage Rates Back Above 7%
Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected
Insufficient credit was the most common reason given (43%) for the application rejection Continue Reading Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected
Mortgage Application Activity Declines Again
The Refinance Index decreased 14% from the previous week and was 12% higher than the same week one year ago. Continue Reading Mortgage Application Activity Declines Again
NAHB: Families Must Spend 38% of Their Income on Mortgage Payments
California’s San Jose-Sunnyvale-Santa Clara market was the most severely cost-burdened market during the first quarter. Continue Reading NAHB: Families Must Spend 38% of Their Income on Mortgage Payments
Independent Mortgage Banks Report Q1 Net Production Losses
The average production volume was $384 million per company in the first quarter. Continue Reading Independent Mortgage Banks Report Q1 Net Production Losses
Mortgage Rates Drop Below 7%
A year ago at this time, the 30-year fixed-rate mortgage averaged 6.57%. Continue Reading Mortgage Rates Drop Below 7%
Report: Vermont Leads US for Mortgage Delinquencies
Vermont’s eastern neighbor, New Hampshire, recorded the lowest level of mortgage delinquencies. Continue Reading Report: Vermont Leads US for Mortgage Delinquencies
Refinancing Drives Uptick in Mortgage Application Activity
“VA refinances had a double-digit increase for the third consecutive week,” said MBA’s Joel Kan. Continue Reading Refinancing Drives Uptick in Mortgage Application Activity
Recent Posts
Hits and Misses for the Real Estate Week of April 27-May 1- Global Manufactured Homes Market Forecast to Reach Nearly $43 Billion by 20…
- San Francisco’s Bay Club Acquires Full City Block for $65 Million
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- Portland Duo Sentenced for Running Real Estate Investment Fraud Scheme
