First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric. A record […]
The tumult surrounding commercial real estate lender New York Community Bancorp (NYSE:NYCB) became more severe with the resignation of CEO Thomas Cangemi and the announcement that its fourth quarter loss was amended to $2.7 billion, […]
The U.S. Department of Housing and Urban Development (HUD) has announced its Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program, which is designed to preserve and revitalize manufactured housing and manufactured housing communities. According […]
The National Association of Home Builders (NAHB) has announced the election of Carl Harris as its 2024 chairman. Harris is co-founder and vice president of the Carl Harris Co. Inc. and managing partner of Harris […]
A historic New England farmhouse is being given away for free – albeit with one very big string attached. According to a report in the Concord Monitor, the residence in question is a 2,000-square-foot Colonial in […]
A major retailer shutting down stores, a federal regulator being pressed for transparency and living in a Mercedes-Benz (but not a car). From the wild and wooly world of real estate, here are the Hits […]
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) this week announced the awarding of more than $14.5 million that will be distributed by public housing […]
Pretium Partners, one of the nation’s largest investors in nonagency residential mortgages, announced the signing Tuesday of a strategic partnership with Hunter Point Capital (HPC) that is designed to support Pretium’s long-term growth. The […]
Keller Williams CEO Mark Willis took to the KW Family Reunion stage in Las Vegas Tuesday as Pitbull’s “I believe that we will win” played over the speakers. Throughout Willis’ “State of the Company” […]
Ocwen Financial Corp., parent company of PHH Mortgage Corp. and its subsidiary Liberty Reverse Mortgage, posted a $64 million loss in 2023 but sees a generally positive trajectory for its reverse mortgage origination and […]
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