Former DC housing official pleads guilty to mortgage fraud
A former employee of the District of Columbia Housing Authority who later became a real estate developer has pleaded guilty to federal charges — stemming from a yearslong scheme to…
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Florida jury awards damages of $47.8M in buyer broker agreement dispute
In 2020, well before the real estate industry began debating the enforcement of buyer broker agreements — which became the norm after the National Association of Realtors‘ (NAR) commission lawsuit…
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Rhode Island credited with giving the world chicken salad
PROVIDENCE – Move over clam cakes and coffee milk, Rhode Island is apparently the “birthplace” of another beloved consumable: chicken salad. In marking National Chicken Salad Day on June 3,…
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Employers added 172K jobs last month as U.S. job market shows resilience despite Iran war
WASHINGTON (AP) – The American job market continues to show surprising strength, shrugging off the high costs of the Iran war. Employers added 172,000 jobs in May – roughly double…
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R.I. treasury deposits fuel lower mortgage costs
Rhode Island’s real estate landscape, with rising home prices and limited availability, is pushing the dream of homeownership out of reach for many residents. In response, the RI AnchorHome program…
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Ten years after: Schaefer Homes revs up its engines for growth
After spending much of its first decade laying the groundwork for growth, Maryland-based Schaefer Homes emerged as the eighth-fastest-growing homebuilder by residential sales volume in HousingWire’s inaugural HousingWire Homebuilder Rankings. …
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NALHFA: HUD cuts would worsen housing affordability challenges
Affordable housing advocates are warning that proposed reductions to several key U.S. Department of Housing and Urban Development (HUD) programs could make it harder for communities to address persistent affordability…
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Secondary mortgage market waits for data, creates workarounds amid shift to alternative credit scores
Mortgage lenders are rolling out new credit scoring models, but in the secondary market, investors and credit rating agencies are awaiting additional performance data while developing workarounds to keep loans…
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Average U.S. long-term mortgage rate falls to 6.48%
The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to…
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HECM broker rankings hold steady in March as Atlantic Avenue stays at No. 1
The country’s largest reverse mortgage brokerages based on February activity continued to set the pace in March across the Home Equity Conversion Mortgage (HECM) space, according to endorsement data released…