Top Headlines
Federal Reserve Announces 50 Basis Point Rate Cut
The new rate range is now at 4.75% to 5.0%. Continue Reading Federal Reserve Announces 50 Basis Point Rate Cut
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
Bill Giambrone, co-founder of Platinum Home Mortgage, Dies at 60
Giambrone teamed with his brother Michael Giambrone to create Platinum Home Mortgage in 1993. Continue Reading Bill Giambrone, co-founder of Platinum Home Mortgage, Dies at 60
NYC’s ‘Worst Landlord’ Faces Return to Prison for Not Repairing Properties
Ohebshalom was previously jailed for 60 days for failing to make repairs at the same buildings. Continue Reading NYC’s ‘Worst Landlord’ Faces Return to Prison for Not Repairing Properties
Survey: One in Five Buyers Willing to Sacrifice Safety for Affordable Home
More than one in four (28%) said they would be willing to live in an area with a higher risk of natural or climate disasters. Continue Reading Survey: One in Five Buyers Willing to Sacrifice Safety for Affordable Home
Freddie Mac: Another Mortgage Rate Uptick
“Homebuyers are getting used to current rates and continue to pursue homeownership,” said Freddie Mac’s Sam Khater. Continue Reading Freddie Mac: Another Mortgage Rate Uptick
MBA: Net Loss Tumult Eased for Independent Mortgage Banks in Q1
Q1 was an improvement from the reported loss of $2,812 per loan in Q4 2022. Continue Reading MBA: Net Loss Tumult Eased for Independent Mortgage Banks in Q1
Guest Opinion: The Realtors’ View of the Current Mortgage Market
The 2023 NAR president offers his association’s view on how Congress can upgrade today’s mortgage policy environment. Continue Reading Guest Opinion: The Realtors’ View of the Current Mortgage Market
Fewer Mortgage Applications Amid Rising Rates
The Refinance Index took an 8% tumble from the previous week and was 43% lower than the same week one year ago. Continue Reading Fewer Mortgage Applications Amid Rising Rates
Equifax Debuts Employment Verification Tool for Mortgage Originators
“It’s critical for lenders to have access to timely verification data at each stage of the mortgage process,” said Equifax’s Ashley Wood, Continue Reading Equifax Debuts Employment Verification Tool for Mortgage Originators
MBA: Number of Loans in Forbearance Continue to Decline
The trade group’s latest Loan Monitoring Survey estimated 255,000 homeowners are currently in forbearance plans. Continue Reading MBA: Number of Loans in Forbearance Continue to Decline
Q1 Household Debt Tops the $17 Trillion Level
Mortgage originations (including refinances), dropped in the first quarter to $324 billion, the lowest level seen since 2014. Continue Reading Q1 Household Debt Tops the $17 Trillion Level
Mortgage Rates Inch Lower
“This week’s decrease continues a recent sideways trend in mortgage rates,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Inch Lower
Mortgage Delinquency Rate Drops to Historic Lows
“The mortgage delinquency rate fell to its lowest level for any first quarter since MBA’s survey began in 1979,” said MBA’s Marina Walsh. Continue Reading Mortgage Delinquency Rate Drops to Historic Lows
US Foreclosure Activity Stabilized in April
Atlantic City, New Jersey, was the major metro with the highest foreclosure rate. Continue Reading US Foreclosure Activity Stabilized in April
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