Investor Home Purchases Plummet Amidst Declining Housing Market Dynamics
Investor home purchases have plummeted to pre-pandemic lows amid rising prices, mortgage rates, and fewer attractive flipping opportunities.
New Jersey and Florida Lead Luxury Vacation Home Market Surge
Pacaso’s report highlights New Jersey and Florida as top luxury vacation home markets, driven by rising second-home investments and favorable market conditions.
Department of Justice Investigates Alexander Brothers Amid Serious Criminal Allegations
The DOJ is investigating luxury real estate brokers Oren and Tal Alexander for sex trafficking, impacting their former firm Douglas Elliman amid serious allegations.
Trump Faces Difficulties in Finding Candidates for Regulatory Leadership Positions
Trump’s transition team struggles to find candidates for regulatory roles like the CFPB director amid fears of budget cuts and political tensions.
Title Resources Group Cuts Jobs After Acquiring Doma to Streamline Operations
Title Resources Group has laid off at least 20 employees post-acquisition of Doma, cutting independent agents by 40% to streamline operations amid financial struggles.
Lutz Homebuyer Commission Lawsuit Grows with 31 New Plaintiffs Joining Case
The Lutz homebuyer commission lawsuit expands with 31 new plaintiffs alleging inflated fees due to the now-defunct NAR Participation Rule, despite recent changes.
Homeowners Enjoy Strong Equity, Reducing Underwater Mortgage Concerns Significantly
Underwater mortgages are at a historic low, giving today’s homeowners ample equity and optimism for selling and buying properties without foreclosure fears.
Mortgage Applications Rise as Monthly Rates Reach Lowest Point in Months
Mortgage applications rose by 2.8% as borrowers took advantage of lower rates and improved inventory, despite a 21% drop from last year’s purchase applications.
Brian Montgomery Urges Conservatives to Embrace Self-Sustaining HUD and FHA Programs
Former HUD official Brian Montgomery argues that Trump should embrace self-sustaining HUD and FHA programs, highlighting their fiscal efficiency and homeownership support.
FHA Mandates 36-Hour Cyber Breach Reporting Requirement for Lenders
The FHA has mandated that lenders report cybersecurity breaches within 36 hours, emphasizing timely notifications to protect HUD’s systems amid rising threats.
Wells Fargo Expands Down Payment Grant Program to Empower Underserved Homebuyers
Wells Fargo expands its $10,000 down payment grant program to 12 new cities, enhancing access for low- and moderate-income homebuyers.
CFPB Proposes New Rules to Protect Consumer Data from Brokers’ Abuses
The CFPB’s new proposal aims to regulate data brokers as consumer reporting agencies, enhancing protections for personal information amid industry pushback.
Cardinal Financial Launches Pioneering Mortgage-Backed Security with FICO Score 10 T
Cardinal Financial has launched a groundbreaking mortgage-backed security using FICO Score 10 T, enhancing credit assessments for VA loans and promoting veteran homeownership.
Spring Way Center Appeals Settlement Approval in National Realtors Commission Lawsuit
The Spring Way Center has appealed a settlement approval in a nationwide lawsuit against the National Association of Realtors, raising concerns over business practices and exclusions.
Prominent Los Angeles Landlord Neil Shekhter Passes Away at 60s
Neil Shekhter, a prominent Los Angeles landlord and real estate visionary, passed away at 61, leaving behind a legacy of resilience and entrepreneurial spirit.
Navigating Legal Challenges in Talent Transitions within the Mortgage Sector
The article explores the complexities of talent transitions in the mortgage sector, highlighting legal risks and strategies for successful mergers and acquisitions.
Greystar Pioneers Modular Housing to Transform U.S. Real Estate Landscape
Greystar unveils its first U.S. modular apartment complex, Ltd. Findlay, aiming to revolutionize housing with faster builds and reduced costs amid a housing crisis.