Top Headlines
Hurricane Milton Arrives in Florida
As of roughly 3:00 p.m. EDT, power outages began to sweep across the Tampa Bay region. Continue Reading Hurricane Milton Arrives in Florida
Tennessee Realtor’s Disappearance in May Remains Unsolved
Roy Whited was last seen walking down a road on May 3. Continue Reading Tennessee Realtor’s Disappearance in May Remains Unsolved
Mauricio Umansky Sued for Alleged Misuse of Pandemic Relief Funds
The lawsuit is requesting that Umansky and The Agency pay equal to three times the amount of damages caused. Continue Reading Mauricio Umansky Sued for Alleged Misuse of Pandemic Relief Funds
Charles El-Moussa Named General Counsel at Midwest Real Estate Data
El-Moussa’s career included previous roles as president at Coldwell Banker Realty and general counsel and chief operating officer at RE/MAX in Texas. Continue Reading Charles El-Moussa Named General Counsel at Midwest Real Estate Data
CFPB Fines NewDay USA $2.25 Million Over Misleading Costs on Cash-Out Refinance Loans
CFPB Director Rohit Chopra said, “NewDay USA’s misconduct has no place in the VA home loan program.” Continue Reading CFPB Fines NewDay USA $2.25 Million Over Misleading Costs on Cash-Out Refinance Loans
Two Men Sentenced for $50 Million Connecticut Mortgage Fraud Scheme
Jacob Deutsch has a prior criminal history with a wire fraud conviction stemming from an insurance fraud scheme. Continue Reading Two Men Sentenced for $50 Million Connecticut Mortgage Fraud Scheme
Mortgage Credit Availability Down in December to 11-Year Low
“Ongoing industry consolidation is resulting in more loan programs being removed from the marketplace,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Down in December to 11-Year Low
Are More Consumers Becoming Optimistic About Homebuying?
Fannie Mae’s Mark Palim pointed to “a survey-high share of consumers anticipating mortgage rate declines over the next year.” Continue Reading Are More Consumers Becoming Optimistic About Homebuying?
Mortgage Rates Hold Steady
The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4. Continue Reading Mortgage Rates Hold Steady
Homebuyers’ Monthly Payments at Lowest Level in Nearly a Year
Redfin’s Homebuyer Demand Index spiked by 10% from one month ago to its highest level since August. Continue Reading Homebuyers’ Monthly Payments at Lowest Level in Nearly a Year
Mortgage Application Activity Ended 2023 in Decline
The holiday adjusted Refinance Index decreased 18% from two weeks ago. Continue Reading Mortgage Application Activity Ended 2023 in Decline
New Study Ranks the Best Reverse Mortgage Companies
Longbridge Financial was praised as “Best for Low Interest Rates.” Continue Reading New Study Ranks the Best Reverse Mortgage Companies
Mortgage Rates End 2023 in a Downward Spiral
“The rapid descent of mortgage rates over the last two months stabilized a bit this week, but rates continue to trend down,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates End 2023 in a Downward Spiral
Former NASA Employee and Husband Charged in Mortgage Fraud Scheme
If convicted, they face up to five years in federal prison and a possible $250,000 maximum fine in addition to the possible forfeiture of their luxury home. Continue Reading Former NASA Employee and Husband Charged in Mortgage Fraud Scheme
Mortgage Rates Fall Further Away From 7%
The 30-year fixed-rate mortgage averaged 6.67% as of Dec. 21, down from last week when it averaged 6.95% Continue Reading Mortgage Rates Fall Further Away From 7%
