Top Headlines
Valet Living Promotes Matt Graves to President
Graves has been the company’s chief operating officer since 2022 and will retain that title. Continue Reading Valet Living Promotes Matt Graves to President
Freddie Mac Names Diana Reid as New CEO
She succeeds Michael J. DeVito, who retired earlier this year. Continue Reading Freddie Mac Names Diana Reid as New CEO
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
NYC Developer in $272 Million Settlement Over Defrauding EB-5 Investors
Richard Xia will repay $228 million that he took from the EB-5 investors. Continue Reading NYC Developer in $272 Million Settlement Over Defrauding EB-5 Investors
Builders Ask Congress to Support Policies to Enable Affordable Housing Construction
Regulatory costs account for nearly 25% of the cost of a single-family home and more than 40% of the cost of a typical apartment development. Continue Reading Builders Ask Congress to Support Policies to Enable Affordable Housing Construction
Are you purchasing a home for the first time? Here are 5 mortgage lenders to consider
Source: CNBC --- The home-buying process can seem daunting for first-time homebuyers. The good news is there are some mortgage lenders that offer home loan products designed to provide more ease with the process, which can be very appealing to many first-time future...
Banks Collapse Affecting Mortgage Rates, VC, PropTech
Source: Globest --- A drop in home mortgage rates, a pause (or even cut) by the Federal Reserve at its March 22 meeting, and the need to obtain new letters of credit are among the matters to ponder as commercial real estate companies and venture-capital groups sort...
Mortgage Rates Drop as a Result of Banking Turmoil, Demand Increases
According to a new report from Redfin, the technology-based real estate brokerage, some homebuyers are returning to the market as mortgage rates decline from the four-month high they reached last week. Daily average mortgage rates dropped from 7% to about 6.5%...
What is a government-sponsored enterprise (GSE)?
Source: Bankrate --- The U.S. economy is a complex system of interconnected components. To keep money flowing efficiently throughout these components, the federal government lends a helping hand in the form of government-sponsored enterprises, or GSEs. Over the years,...
Homeowners Look to Alternative Loans to Combat Rising Interest Rates
Mortgage rates ticked up again in February after a brief respite, showing once again just how rate-sensitive the market continues to be, according to the latest Originations Market Monitor report from Black Knight. "Conforming rates dipped below 6% early in...
Mortgage lending nosedives, dropping 55% since last year
Source: Warwick Beacon --- After a wild couple of years in the housing market, things may finally be starting to cool. Fewer people took out mortgages at the end of last year, as sky-high home prices, costly mortgage rates, and consumer inflation limited buying power...
Mortgage rates rise for the fifth-straight week
Source: CNN Business --- Washington, DCCNN — Mortgage rates edged further toward 7%, rising for the fifth consecutive week, as the Federal Reserve suggests rate increases will continue amid stubborn inflation. The 30-year fixed-rate mortgage averaged 6.73% in the...
Real estate: A guide for new homebuyers
Source: Tahoe Daily Tribune --- You’ve made the brave decision to enter the real estate market and purchase your own home. Congratulations! Buying a home is a huge milestone. Now that you’re ready to take the plunge, we wanted to provide you with some tips and tricks...
Buying a house with a friend
Source: Bankrate --- For many prospective homebuyers, sole ownership is prohibitively expensive. With inflation and mortgage rates still high, some people may be thinking about less-conventional options for buying a home. While spouses and family members are frequent...
Housing Rents Drop to Lowest Level in Over a Year
The median U.S. asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in a year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were up nearly...
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