The Department of Housing and Urban Development’s Federal Housing Administration is extending its foreclosure moratoriums on FHA-insured homes damaged by Hurricanes Helene and Milton. Impacted homes must be FHA-insured Single Family Title II forward and Home Equity Conversion Mortgages in Presidentially Declared Major Disaster Areas resulting from these hurricanes. The moratoriums will be in effect…
Compass is acquiring @properties and Christie’s International Real Estate in a cash and stock deal totaling $444 million. The deal will include title and mortgage businesses Proper Title and Proper Rate, as well as a lead-generation business, Suburban Jungle. @properties is the 8th largest residential brokerage in the United States by sales volume, with operations…
Vice President Kamala Harris and former President Donald Trump went head to head Tuesday for their first – and possibly only – debate before November’s presidential election. Housing was mentioned very little during the debate. Harris raised the topic early and doubled down on policies she proposed in the last month. “I grew up a…
Mortgage rates dipped below 7% for the first time since August after the Federal Reserve set the stage for rate cuts in the coming year. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.95%, down from the week prior’s 7.03%. A year ago at this time, the 30-year FRM averaged 6.31%….
Veterans are taking the difficult housing market in stride, according to a recent survey by Veterans United Home Loans. About 75% of veterans and service members considering homeownership in the next three years plan to buy a home in the next 12 months, despite having fears that home prices in their desired area will be…
Digital title and settlement company Endpoint promoted Shawna Hernandez to COO, a newly created position, the company announced. “I’m honored to be named COO at Endpoint. We have such a talented and fantastic group of folks here at Endpoint, making it a joy to collaborate with great people and drive meaningful change in our industry,”…
Pending home sales rose for the first time since May, breaking a six-month streak of declines, according to the National Association of Realtors. The Pending Home Sales Index increased by 2.5% between November and December. Year-over-year it dropped by 33.8%, an improvement over November’s 37%. All four regions saw pending sales fall YOY, but the…
Mortgage loan application volume increased again last week, continuing a trend of rising demand as mortgage rates slip. The Mortgage Bankers Association’s weekly survey showed the adjusted Market Composite Index, a measure of mortgage loan application volume, rose by 7%. The results included an adjustment for Martin Luther King, Jr. Day. Refinances drove the increase,…
By KIMBERLEY HAAS Bank of America has granted the Children’s Hospital of Philadelphia’s Center for Health Equity $1 million to launch a program that promises to improve children’s overall health in West Philadelphia. Tyra Bryant-Stephens, MD, Chief Health Equity Officer of the Center for Health Equity and Medical Director of the Community Asthma Prevention Program…
April’s existing-home sales slipped for the third consecutive month, falling 2.4% from March to a seasonally adjusted rate of 5.61 million, the National Association of Realtors (NAR) reported. Sales were down 5.9% year-over-year, with each of the four major regions seeing declines. The median price for existing homes of all types was $391,200, up 14.8%…
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