Top Headlines
Kaas Wilson Architects, a Multifamily Housing Architecture Firm, Opens Phoenix Office
Kaas Wilson is licensed in 36 states and is currently designing projects and communities in 18 states. Continue Reading Kaas Wilson Architects, a Multifamily Housing Architecture Firm, Opens Phoenix Office
MAZL LLC Completes Acquisition of REcolorado
The financial terms of the acquisition were not disclosed. Continue Reading MAZL LLC Completes Acquisition of REcolorado
Community Preservation Partners Acquires San Diego-Area Affordable Housing Complex
CPP partnered with co-developer The Hampstead Companies on the deal. Continue Reading Community Preservation Partners Acquires San Diego-Area Affordable Housing Complex
Hamilton Zanze Sponsors Purchase of Nashville Apartment Community
The property is located in the heart of Nashville’s historic Music Row. Continue Reading Hamilton Zanze Sponsors Purchase of Nashville Apartment Community
FHLBank Chicago Increases Funding for Housing Counseling Resource Program
FHLBank Chicago launched the HCRP in 2022. Continue Reading FHLBank Chicago Increases Funding for Housing Counseling Resource Program
Fannie Mae’s Home Purchase Sentiment Index Sinks Under Mortgage Rate Pressure
“Mortgage rates persistently over 7% appear to be deepening the malaise consumers feel about the home purchase market,” said Fannie Mae’s Doug Duncan. Continue Reading Fannie Mae’s Home Purchase Sentiment Index Sinks Under Mortgage Rate Pressure
Arch Capital Group Names Seamus Fearon CEO of International Mortgage
Fearon will have responsibility for managing Arch’s Australian and European mortgage operations. Continue Reading Arch Capital Group Names Seamus Fearon CEO of International Mortgage
Fintech PADS Financial Debuts Platform for Mortgage Origination and Servicing
The company secured an initial round of financing of $3 million from investors within the Quebec real estate market. Continue Reading Fintech PADS Financial Debuts Platform for Mortgage Origination and Servicing
30-Year Fixed-Rate Mortgage Surges to 7.49%
Sam Khater, Freddie Mac’s chief economist, noted the market is facing “the highest mortgage rates in a generation.” Continue Reading 30-Year Fixed-Rate Mortgage Surges to 7.49%
John Cady Named President of Citywide Home Loans
“The company is the perfect mix of culture, service and programs that many mortgage professionals have been looking for,” said Cady. Continue Reading John Cady Named President of Citywide Home Loans
Mortgage Applications Plunge to 27-Year Low
Among the federal programs, the FHA share of total applications increased to 14.5% from 14.1% the week prior. Continue Reading Mortgage Applications Plunge to 27-Year Low
Eric Francis Named VP of Finance at GO Mortgage
Francis was previously vice president of mortgage at A+ Federal Credit Union. Continue Reading Eric Francis Named VP of Finance at GO Mortgage
Serious Mortgage Delinquency Rate at a 23-Year Low
Idaho was the only state to see an annual uptick in its overall mortgage delinquency rate during July, albeit at a scant 0.1 percentage point. Continue Reading Serious Mortgage Delinquency Rate at a 23-Year Low
Mortgage Rates at Highest Peak in Almost 23 Years
The 30-year fixed-rate mortgage averaged 7.31% as of Sept. 28, up from last week when it averaged 7.19%. Continue Reading Mortgage Rates at Highest Peak in Almost 23 Years
CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income
Average monthly mortgage payments increased more than 46% last year, from $1,400 in December 2021 to $2,045 in December 2022. Continue Reading CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income
