Report: Bill Pulte’s Father and Stepmother Claimed Two Primary Residences
Tax officials in Bloomfield Township revoked the Pultes' exemption for claiming primary residence on two homes, raising implications for lenders and homeowners.
Property Insurance Expenses Increase by 11.3%
California experiences significant premium increases, with Los Angeles leading at 9% in six months and 19.5% year-over-year. Explore the impact on private lending.
Stephen Miran could join the Fed prior to the next interest rate vote.
Trump and officials push for Miran's installation before the Federal Open Market Committee's interest rate vote, highlighting tensions with Fed Chair Powell.
Senate Democrats Introduce Legislation to Support Faith-Based Affordable Housing
Legislation allocates $50 million annually in grants to promote affordable housing by easing barriers on properties owned by faith-based organizations and colleges.
Housing Market Reaches Historic High of $55.1 Trillion
Recent declines in housing market values across seven states raise concerns for private lenders, particularly in Florida, California, and Texas. Continue Reading Housing Market Hit Record $55.1 Trillion
Legislation Seeks to Increase Affordable Housing on Underutilized Religious and College Properties
Federal resources aim to assist religious institutions and higher education campuses in creating rental housing on their existing properties, enhancing community support.
Potential Refinance Surge Ahead of Anticipated Federal Rate Cut
Mortgage rates are at their lowest in nearly a year, creating a surge in refinancing opportunities for lenders amid anticipation of a Federal Reserve rate cut.
Hometap completes $300 million securitization of home equity investments.
Boston-based Hometap has successfully completed a $300 million securitization of home equity investment loans, highlighting its continued growth in the market.
Los Angeles mansion tax drives unprecedented funding for affordable housing.
Measure ULA generates significant funds for affordable housing, with $316 million sourced from property sales over $5 million, enhancing community development efforts.
Increasing Insurance Costs Exacerbate Challenges in Homeownership
Annual property insurance costs for single-family mortgage holders reach approximately $2,370, highlighting rising expenses crucial for private lenders' assessments.