Freddie Mac sells $22 million in non-performing loans

Freddie Mac announced the sale of $22 million in non-performing residential first-lien loans via auction. The 87 loans were serviced by Specialized Loan Servicing, and transferred to VRMTG ACQ, a minority and woman-owned business. It was part of Freddie Mac’s Extended Timeline Pool Offering and is expected to settle in

Read more

Americans are staying put in record numbers

Americans seem to be losing their wanderlust, according to migration data released by the Census on Wednesday. The share of people who moved in the 12 months through March fell to the lowest level on record, adding to the woes of a housing market plagued by supply shortages. Just 9.8%

Read more

Tech-focused real estate company REX raises $40 million

In January, technology-focused real estate company REX completed a $45 million Series C funding round. Now, the company is raising more money. REX announced this week that it raised $40 million in Series C1 funding to complete its national expansion and broaden the availability of mortgage, insurance, escrow and other

Read more