Top Headlines
Real Estate Developer Convicted with Menendez Pleads Guilty to Bank Fraud Charge
He faces a maximum penalty of 30 years in prison and a top fine of $1 million. Continue Reading Real Estate Developer Convicted with Menendez Pleads Guilty to Bank Fraud Charge
Where Have the Property Rights Gone?: John G. Stevens’ Perspective
Property rights in the United States are at a critical juncture. Continue Reading Where Have the Property Rights Gone?: John G. Stevens’ Perspective
FHLBank Chicago Offers $50 Million in Interest Rate Subsidies to Expand Affordable Housing
FHLBank Chicago has already committed more than $110 million in community investment support in 2024. Continue Reading FHLBank Chicago Offers $50 Million in Interest Rate Subsidies to Expand Affordable Housing
HUD, Appraisal Foundation Offer Different Spins on Conciliation Agreement
The Appraisal Foundation called the investigation “a rare secretary-initiated political complaint.” Continue Reading HUD, Appraisal Foundation Offer Different Spins on Conciliation Agreement
CFPB Proposes Rule Changes to Help Prevent Foreclosures
The CFPB is accepting input on the proposed changes through Sept. 9. Continue Reading CFPB Proposes Rule Changes to Help Prevent Foreclosures
Mortgage Delinquencies Continue to Fall, Nearing Two Years of the Downward Trend
CoreLogic, a global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for January 2023. For the month of January, 2.8% of all mortgages in the U.S. were in some stage of delinquency...
The History Of The Mortgage Rate
Mortgage rates continue their upward trajectory as the Federal Reserve continues their pointed and aggressive response to stubborn inflation, with weekly U.S. average at 6.73% as of 3/8/23. This means that would-be homebuyers are continuing to face challenges of...
Cost Of Living Comparison Calculator
Source: Bankrate --- The cost of living is the total amount of money required to live in a certain area and cover your basic necessities. Expenses typically factored into cost of living calculations include housing, food and taxes. It may also include such expenses...
Spring home buying season shows ‘steady demand’ as mortgage rates slip for second week
Source: Fox Business --- The spring home buying season is showing "steady demand" as mortgage rates slip for a second week in a row. On Wednesday, the Federal Reserve raised its key interest rate by a quarter-percentage point and signaled that it could soon pause the...
The number of single women homeowners continues to surpass the number of single men homeowners
Source: Bankrate --- Single women are a force to be reckoned with in residential real estate. Despite dealing with lower incomes than men, a pricey housing market and increasingly expensive mortgages, they comprise the second largest group of homebuyers — and have...
MSR Financing, Marketing, Appraisal, DPA Products; Fannie, Freddie Changes; EU Central Bank News
Source: Mortgage News Daily --- “I got stuck in a conversation with some wealthy people and one woman asked me how my investments were doing. I replied that both avocadoes should be ripe by tomorrow.” Food prices are an everyday reminder of inflation on the spending...
Mortgage giant Fannie Mae tackles climate risk, but changes to underwriting may take several years
Source: CNBC --- Global warming has already caused irreversible damage to the earth’s ecosystems and communities, according to a critical report just issued from the United Nations Intergovernmental Panel on Climate Change. The damage is extending to the U.S. housing...
As Housing Market Cools, Homebuyers are Putting Less Money Down on a Home
The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to a new report from Redfin, the technology-based real estate brokerage. The median down payment was down 35% from the peak it...
‘I thought things would start to cool down’: High rates, prices challenge homebuyers
Source: 13 WMAZ --- LOS ANGELES — Homeownership is likely to remain a pipe dream for many Americans this spring homebuying season. The nation’s worst housing slump in nearly a decade stoked hope among prospective buyers that homes could be scooped up more easily. But...
Wild Swings in Interest Rates are Making Sellers Hesitate to List Their Homes
According to Zillow's latest market report, mortgage rates — both their high levels and wild swings are making life difficult for buyers and sellers. Relatively high rates have reduced new listings to record lows, leaving buyers with limited options. Any dips in...
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…
