Optimal Blue, a division of Black Knight, Inc., announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). HFAs provide affordable […]
Chairman, President and CEO David Simon declared this was “probably a five-year build process” that is expected to begin later this year. The post Simon Property Group Puts New Focus on Residential and Hotel Development […]
Senators Tina Smith (D-Minn.) and Mike Rounds (R-S.D.) introduced this week new legislation that aims to address a shortage of affordable housing in rural communities. The lawmakers say the bill would represent “the most significant […]
New listings in April were down 23% year-over-year, the second biggest decline since the start of the pandemic. The post Nearly Half of Homes Sold Within Two Weeks of Being Listed appeared first on Weekly […]
Is the labor market finally normalizing? Jobs Friday data came in as a beat of estimates, but the labor market is clearly starting to come back to earth, killing the fear of 1970s wage spiral […]
In January, the Federal Housing Finance Agency (FHFA) made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. Although they went largely […]
Closed sales of existing single-family homes in March were down 15% year-over-year. The post Market Snapshot: Florida Home Buyers Are Paying for Overvalued Properties appeared first on Weekly Real Estate News.
Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Hopefully, this is just […]
The company said it would also “streamline its commercial lending business in New York City.” The post Republic First Exits the Mortgage Origination Business appeared first on Weekly Real Estate News.
Mortgage lender and servicer NewRez on Monday launched a special purpose credit program through Freddie Mac that will provide $3,000 or more in closing cost assistance to qualifying first-time homebuyers. Freddie Mac’s BorrowSmart Access program […]
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