Top Headlines
Thompson Thrift Announces First Idaho Community
The company expects to begin construction in October, with completion expected in winter 2026. Continue Reading Thompson Thrift Announces First Idaho Community
eXp Realty in $34 Million Settlement Over Commissions
The settlement is the latest among the major brokerages who were sued over their business practices related to commissions. Continue Reading eXp Realty in $34 Million Settlement Over Commissions
District of Columbia in $3.3 Million Settlement with Title Insurance Firms Over Kickback Schemes
The four companies were accused of violating the District’s Consumer Protection Procedures Act. Continue Reading District of Columbia in $3.3 Million Settlement with Title Insurance Firms Over Kickback Schemes
California Senate Approves Bill to Expand Down Payment Program to Illegal Immigrants
It is uncertain if Gov. Newsom will sign or veto the bill. Continue Reading California Senate Approves Bill to Expand Down Payment Program to Illegal Immigrants
Atlanta Fed Chief Recommends Waiting on Rate Cuts
The Fed has kept its policy rate in the 5.25%-5.50% range for more than year as a strategy to bring down high inflation. Continue Reading Atlanta Fed Chief Recommends Waiting on Rate Cuts
Mortgage Marketplace Stairs Financial Raises $3.5 Million in Funding Round
Stairs is now live in Texas with licenses across 40 states, and the company plans to expand nationwide in early 2024. Continue Reading Mortgage Marketplace Stairs Financial Raises $3.5 Million in Funding Round
Refinances Fuel Uptick in Mortgage Application Activity
The Refinance Index increased 19% from the previous week and was 27% higher than the same week one year ago. Continue Reading Refinances Fuel Uptick in Mortgage Application Activity
loanDepot Unveils melloNow Underwriting Engine
The company has been beta-testing the system for the last several quarters. Continue Reading loanDepot Unveils melloNow Underwriting Engine
Mortgage Credit Availability Down in November
“Credit availability in November declined to its lowest level in four months, driven by reduced offerings of non-QM and jumbo loan programs,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Down in November
Mortgage Rates Continue to Plummet
“The 30-year fixed-rate mortgage averaged near 7%, down from nearly 7.80% just six weeks ago,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Continue to Plummet
Private Investment Firm Creates Advisory Board Focused on Real Estate and Mortgages
Board members include Kamini Lane of Coldwell Banker Realty and Kevin Peranio of PRMG Inc. Continue Reading Private Investment Firm Creates Advisory Board Focused on Real Estate and Mortgages
Alliant Credit Union Expands Mortgage Offerings
“Helping Americans achieve their financial goals, including homeownership, is at the core of Alliant’s mission,” said Dan Bauer, head of residential lending. Continue Reading Alliant Credit Union Expands Mortgage Offerings
Mortgage Application Activity Up 2.8%
The Refinance Index was up by 14% from the previous week and was 10% higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 2.8%
CBC Mortgage Agency Introduces Temporary Rate Buydowns
The new feature functions as either a 2-1 buydown or a 1-0 buydown, lowering the interest in the first years of homeownership. Continue Reading CBC Mortgage Agency Introduces Temporary Rate Buydowns
Freddie Mac Standardizes Down Payment Assistance Documents
Freddie Mac plans to have the standardized lien documents available for at 19 nineteen states by the end of the year. Continue Reading Freddie Mac Standardizes Down Payment Assistance Documents
Recent Posts
Hits and Misses for the Real Estate Week of Aug. 3-7- NYC Homeowners Sue to Delay Mamdani’s Pied-à-Terre Tax Rollout
- Historic Maine Home Available for $1, Albeit with a Catch
- Arkansas Man Sentenced for Trying to Sell Property He Didn’t Own
- Sen. Elizabeth Warren Questions Compass and MRED Over Private Listings Plan…
