On Tuesday, the U.S. Census Bureau released their report for March, showing a solid number of housing permits and starts — but these were boosted by multifamily construction. In addition, this data lags behind the current reality of a housing market dealing with much higher mortgage rates. The previous month’s
At an investor conference last fall, Redwood Trust Inc. CEO Christopher Abate outlined the company’s strategy to expand its reach in existing markets while also seeking out strategic investments in new markets. Those new investments include venture capital plays, particularly in the financial-technology arena. Abate described technology as being key to
The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. For now, only borrowers financially impacted by the pandemic can
A force reduction of about 4,000 workers since December apparently wasn’t enough to stop the bleeding for Better.com. The digital lender on Tuesday morning announced that it would be executing its third major layoff, though it did not disclose how many workers would be shown the door. Sources familiar with
Fannie Mae has wrapped up its fourth Credit Insurance Risk Transfer (CIRT) deal of the year, transferring nearly $845 million in mortgage credit risk to a group of private insurers and reinsurers. The transaction, CIRT 2022-4, involved a pool of 76,600 single-family mortgage loans with an outstanding principal balance of
Bank of America will pay a penalty smaller than the average down payment on a Fannie Mae-backed mortgage, after one of its mortgage loan officers allegedly violated the Fair Housing Act. According to the Department of Housing and Urban Development, Hung Tran, one of the bank’s loan officers at its
Publicly traded mortgage tech company Blend Labs laid off 10% of its workforce amid major headwinds in the mortgage industry. In a filing with the Securities and Exchange Commission on Tuesday morning, the Nima Ghamsari-led fintech said its “workforce reduction plan” would eliminate approximately 200 positions across the company. The
The two deals rank among the largest property sales in the firm’s history. Through the exit, Cadre generated an internal rate of return of about 22% …
Certification for e-Learning Development and an AchieveGlobal Sales Training Certification. “I look forward to creating a culture of continuous …
homesales #realestate #realestatemarket #YahooFinanceYahoo Finance’s Alexis Keenan details how homeowner groups are taking action toward blocking …
The priciest Westbury home sold in March was a 4-bedroom, 3-bath two-family home on .11 acres at 122 Manhattan Ave. that sold for $999,000.
Crain’s found that in the past 12 months, Chicago property sales at over $1 million totaled $7.5 billion for commercial real estate and $841.8 …
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
Lake & Town Realty Partners With Real Estate Portal Lakefront Living Realty LLC
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Ohio Investment Real Estate Broker Launches New Property Search Website
Zillow News Truth Delta: Opinion & Editorial