Senate - Real Estate Investor Pulse

Senate unanimously passes Tribal Trust Land Homeownership Act, MBA applauds

July 20, 2023 Mark Paul Cervantes Comments Off

The United States Senate on Tuesday passed the Tribal Trust Land Homeownership Act of 2023 via unanimous consent, and will now make its way to the House of Representatives for deliberation. In response, the Mortgage […]

WA Senate passes bill to lift ‘middle housing’ zoning restrictions

April 12, 2023 Mark Paul Cervantes Comments Off

Senate lawmakers in Washington passed a bill on Tuesday that would lift the restrictions on certain types of multifamily properties, called “middle housing,” in areas zoned for single-family housing in the midst of a statewide […]

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 […]