Canadian homebuilder Glenview Homes, based in Ottawa, announced that it will enter the United States market with a new Texas division. Homebuilding operations and business veteran Blake Roberts will head up the newly formed division. Operations will begin in Houston, but Glenview Homes’ strategy calls for expansion into other Texas markets and potentially other states […]
Canadian homebuilder Glenview Homes expands into Texas Read More »
Independent real estate brokerage FirstTeam has joined Zillow Preview, allowing its agents and their sellers to publicly pre-market listings on Zillow and Trulia before they go active. The Newport Beach, California-based firm said the agreement turns pre-market visibility into a prospecting and growth channel for its agents, who can now reach buyers at the earliest
FirstTeam to pre-market listings with Zillow Preview Read More »
Technically and officially, today’s average top tier 30yr fixed mortgage rate is the highest since last Monday. The catch is that there hasn’t been much movement since then with the overall range being limited to 0.04%. Today’s jump was the largest upward movement during that time. There was some upward pressure on rates from stronger
Highest Rates in a Week But There’s a Catch Read More »
Maine’s governor signed new legislation last week, applying comprehensive regulations to originations of home equity investment products in classifying them as “residential mortgage loans.” Processing Content Gov. Janet Mills signed the bill into law following early April passage in both chambers of the state’s legislature. In labeling HEIs as “shared appreciation mortgage loans,” bill LD
Maine introduces bill to ‘effectively ban’ HEI contracts Read More »
Key takeaway: Federal Reserve Gov. Christopher Waller said he wants to consolidate the corporate functions of the 12 regional banks under one structure and create a role to oversee them. Expert quote: “Autonomy is a virtue, but not when it produces costly duplication that serves no one. We owe this to the American people we
Fed’s Waller calls for consolidating regional bank operations Read More »
Seniors are turning to reverse mortgages as they struggle to keep up with the costs of living, a new industry report found. Processing Content More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024, according to GreenPath Financial Wellness,
Reverse mortgage clients face growing budget deficits Read More »
Key insight: The fight over Federal Reserve independence has made confirming Warsh politically impossible, with one Republican senator blocking Kevin Warsh’s approval by the Senate Banking Committee. Forward look: Should the Senate not confirm a Fed chairman, it’s unclear who will helm the central bank when outgoing Fed Chair Jerome Powell’s term expires in mid-May.
Warsh insists he wouldn’t do Trump’s bidding as Fed chair Read More »
The first-ever DREAM transaction has closed with owners of a Chicago home receiving a check for over $41,000 to help pay down a portion of the principal on their existing mortgage. Processing Content The funds reduce the amount of principal the borrowers pay, but the note holder still receives the full sum. In turn, this
First closing of principal discount tool gives banks, CUs a lock-in exit Read More »
Equifax Inc. said the Iran war prompted more caution about the outlook for the rest of the year, even after a surge in mortgage applications drove first-quarter revenue growth to the fastest in more than four years. Processing Content The credit reporting company maintained its full-year local currency revenue growth forecast, pointing to a slowdown
Equifax sticks to 2026 outlook as Iran War brings caution Read More »
With mortgage rates at their lowest March level in years, home sales surged last month, new industry data shows. Processing Content March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax’s latest national housing report. Sales were up 3.4% compared to last year. “March’s increase in sales
Home sales soared in March before rates climbed back up Read More »