CBC Mortgage Agency offers temporary rate buydowns on FHA loans
CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for...
DataDigest: Mortgage rates aren’t causing delinquencies. Disasters are
In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. Fast-forward one year, and the rate averaged 7.2%, an expensive difference...
Copycat commission lawsuits filed in Florida, Pennsylvania
More home sellers on the East Coast are getting in on the commission lawsuit action. Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real...
Fathom Realty to raise agent fees in 2024 to boost earnings
Flat-fee real estate brokerage Fathom Realty will hike its agent fees in 2024 to bolster the company’s revenue by more than $3 million next year.
The brokerage...
Pennymac to issue $650M in unsecured debt
Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. The California-based company announced on Wednesday it intends to offer a...
CHLA voices support for attorney opinion letters to FHFA
The Community Home Lenders of America (CHLA) submitted a letter to the Federal Housing Finance Agency (FHFA) expressing its support for the use of attorney opinion letters...
Crisis management in real estate: 8 tips for handling difficult situations
Real estate transactions are rarely stress-free. A home purchase or sale might be the most significant financial commitment a person makes in their lifetime, and many...
Pennymac rolls out new home equity loan product for broker partners
California-based Pennymac Financial Services’s broker division, Pennymac TPO, launched a home equity loan product as tappable home equity nears its 2022 peak.
“Pennymac’s broker partners can now...
Amid housing slowdown, new construction grew most in exurban areas in Q3
In the third quarter of 2023, single-family and multifamily home construction grew in outlying areas instead of urban centers.
That’s according to the National Association of Home...
Housing Forward appoints new president
Housing Forward, the leading organization fighting homelessness in Dallas, appointed Sarah Kahn as interim president and chief executive officer, the nonprofit announced on Tuesday.Kahn starts her...