Indianapolis - Real Estate Investor Pulse

HUD, Indianapolis take control of local housing agency to ‘restore public confidence’

April 12, 2024 Mariel Alumit Comments Off

The U.S. Department of Housing and Urban Development (HUD) announced on Wednesday that it had entered into a cooperative endeavor agreement (CEA) to take control of the Indianapolis Housing Agency (IHA) alongside the City […]

HUD and Indianapolis Take Over Local Housing Agency

April 12, 2024 Mariel Alumit Comments Off

The U.S. Department of Housing and Urban Development (HUD) and the City of Indianapolis signed an agreement to take possession over the Indianapolis Housing Agency (IHA). HUD and the city government said this action was […]

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 […]