Top Headlines
SBA to Pause New Disaster Loan Origination, Citing Lack of Funds
SBA can make disaster loans up to $500,000 to homeowners to repair or replace disaster-damaged or destroyed real estate. Continue Reading SBA to Pause New Disaster Loan Origination, Citing Lack of Funds
Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion
Verisk noted that while Milton is expected to have a significantly higher insured loss tally than Helene. Continue Reading Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion
Georgia Real Estate Attorney Pleads Guilty to Fraud Charges
Sanjay Patel is scheduled to be sentenced on Dec. 12. Continue Reading Georgia Real Estate Attorney Pleads Guilty to Fraud Charges
Tiffany Wright Named CEO at Global Real Estate Advisors
Wright comes to GREA from HFO Investment Real Estate, where she was chief operations officer. Continue Reading Tiffany Wright Named CEO at Global Real Estate Advisors
Fathom Realty Announces Settlement of Commission Lawsuits
Fathom Realty, a wholly owned subsidiary of Fathom Holdings Inc. (NASDAQ: FTHM), announced that it has reached a nationwide settlement related to claims asserted in Burnett v. The National Association of Realtors., et al. As part of the settlement, Fathom Realty will...
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
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
Share of Mortgages in Forbearance at 0.22%
Last month, the share of Fannie Mae and Freddie Mac loans in forbearance declined 1 basis point to 0.11%. Continue Reading Share of Mortgages in Forbearance at 0.22%
40% of New Mortgages Went to Buyers Under 35
Redfin determined the median age of first-time U.S. homebuyers last year was 35. Continue Reading 40% of New Mortgages Went to Buyers Under 35
Mortgage Rates Down Slightly, Though Still Elevated
The 30-year fixed-rate mortgage averaged 7.02%, down from last week when it averaged 7.09%. Continue Reading Mortgage Rates Down Slightly, Though Still Elevated
Mortgage Application Activity Inches Up Slightly
Mortgage applications for new home purchases in April increased 22.1% from one year earlier. Continue Reading Mortgage Application Activity Inches Up Slightly
Grant Cardone on Biden’s Homebuyer Tax Credit Plan: ‘Is Joe Dumb?’
Cardone cited homebuyer costs to dilute the impact of the Biden plan. Continue Reading Grant Cardone on Biden’s Homebuyer Tax Credit Plan: ‘Is Joe Dumb?’
Vision Mortgage Group Debuts Loan Program for First-Time Buyers
The program features a 1% down payment and 2% grant down payment assistance. Continue Reading Vision Mortgage Group Debuts Loan Program for First-Time Buyers
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