controversial - Real Estate Investor Pulse

Controversial ‘Ground Zero Mosque’ faces foreclosure

December 15, 2023 Mariel Alumit Comments Off

In downtown Manhattan, a legal storm brews once again over a site that captured national attention post-9/11, resurfacing in the courts and placing developer Sharif El-Gamal under the spotlight. El-Gamal’s vacant property at 49-51 Park […]

Fannie Mae approves six vendors for controversial new valuation initiative

March 10, 2023 Mark Paul Cervantes Comments Off

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Fannie Mae last Wednesday […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]