NJ - Real Estate Investor Pulse

Epicenter of the NYC/NJ earthquake was near Trump National Golf Club: ‘Ground shook very hard’

April 8, 2024 Mariel Alumit Comments Off

In a rather seismic turn of events, the New York tri-state area on Friday felt the tremors of its most significant earthquake since 1884, shaking the region with a magnitude of 4.8 and surprising many locals in […]

NJ real estate swindler gets 24-month stretch for $400K ripoff

September 19, 2023 Mariel Alumit Comments Off

In a surprising case of real estate fraud, a Hudson County, New Jersey, wheeler-dealer has been handed a hefty 24-month sentence for his part in a home equity line of credit (HELOC) scam, which ended […]

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 […]