A former executive with Blackstone (NYSE:BX) is on track to raise $1 billion for a real estate-focused fund. The Wall Street Journal, sourcing its coverage from unnamed “people familiar with the matter,” reported Tyler Henritze, Blackstone’s […]
The Federal Reserve has decided to keep rates at their current rate of 5.25% to 5.5%. The central bank’s policy making Federal Open Market Committee stated that “economic activity has been expanding at a solid […]
Despite cooling interest rates, the title insurance segment at Big Four title firm Old Republic recorded a 22.8% annualized decline in net premiums and fees during the fourth quarter of 2023, which contributed heavily […]
There were a total of 361 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) related to the reverse mortgage industry during the calendar year 2023, according to a consumer complaint database maintained […]
A Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) requires a borrower to be at or over the age of 62 to qualify for a loan, making baby boomers most of the new […]
The U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) issued a management alert this week, saying that the department has struggled to identify and prevent “improper payments” related […]
The past three years in the mortgage industry were cutthroat, with origination volume shrinking, and while things are looking better for 2024, lenders are still in a position where they must make bold moves […]
Pending home sales rose 8.3% month over month in December, according to the newest data from the National Association of Realtors (NAR). It was the largest monthly jump in pending home sales since 2020. […]
People say that housing leads the economy into a recession: this is true when new home sales and housing permits fall together. When that happens, the builders start laying off workers before the national […]
For travelers feeling the winter blues, they’re not alone. Last year, just behind the summer months of June, July and August, January was the busiest month for Airbnb searches as guests sought to escape the […]
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