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Multi-million-dollar sales of rope facility, plumbing distributor top Fall River transfers

BrokerOwner.net July 26, 2021

The Teufelberger Fiber Rope Corp. property at 848 Airport Road, formerly New England Rope, was acquired by FoxRock, a commercial real estate …

Chinatown Retail Center Sells for $30 Million

BrokerOwner.net July 26, 2021

A retail center in Chinatown has sold for $29.5 million. The sale was court-ordered. An unnamed buyer purchased the property from Kevin Singer, …

The pandemic made Maine’s affordable housing problem worse

BrokerOwner.net July 26, 2021

When the home she had been renting in Brunswick for the last two years sold this spring, Jennifer Blackwell, a mother of three, had 30 days to find a …

Pandemic-related home foreclosures didn’t spike as expected, but that could change soon

BrokerOwner.net July 26, 2021

Some experts say both events could trigger foreclosures, while others say the hot housing market will give owners a chance to sell before that happens. “ …

First American, Stewart Title and Old Republic report for 2Q

BrokerOwner.net July 23, 2021

Three of the “Big Four” title insurers — First American Financial, Old Republic and Stewart Title — released their second-quarter earnings this week. Fidelity National will release its second-quarter earnings on Aug. 3. First American reported $2.3 billion in total revenue for the second quarter, a 41% increase year over

Borrowers get more options as foreclosure deadline nears

BrokerOwner.net July 23, 2021

With the foreclosure moratorium for federally backed mortgages set to expire next week, the Biden administration is giving borrowers additional options to reduce their mortgage payments. The Department of Housing and Urban Development (HUD), Department of Agriculture (USDA), and Department of Veterans Affairs (VA) will give homeowners options to reduce

3 solutions to a gridlocked housing market

BrokerOwner.net July 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Acra Lending is doing what it can to help free up inventory. The company specializes in non-QM products, a sector that serves many borrowers who might not fit agency

Industry to Congress: G-fees aren’t your “piggybank”

BrokerOwner.net July 23, 2021

Two dozen industry groups have joined forces to oppose any plan to raise Freddie Mac and Fannie Mae guarantee fees (g-fees) to pay for an infrastructure package. Last weekend, a plan to raise revenue through expanded tax enforcement to pay for the bipartisan infrastructure package fell by the wayside. That

The DOJ vs. NAR: What’s the impact to real estate agents?

BrokerOwner.net July 23, 2021

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire Senior Real Estate Reporter Matthew Blake answered questions about his latest coverage on the impact of the DOJ’s decision and how the industry is gearing up to respond. During the Q&A, Blake discussed the ramifications of previous DOJ investigations into NAR