Baltimore City Council Moves Forward with Property Tax Relief Legislation
Baltimore City Council's new measure reduces property tax by 1 cent per $100 assessed value, impacting investment strategies for private lenders.
Robust Job Market and Inflation Pressures Sustain High Mortgage Rates
Conforming loan rates hold at 6.78%, while FHA loans are at 6.33%. Strong jobs data and persistent inflation contribute to elevated bond yields and stable rates.
Senate Democrats propose legislation for automatic CFPB funding.
Senate Democrats propose a bill for automatic CFPB funding through Fed transfers, seeking to stabilize the agency's budget and reduce future financial risks.
MetroList and Lundy Introduce AI Assistant for Real Estate Professionals
Enhance efficiency with AI-driven tools that allow agents to manage emails, summarize communications, and access property and market data seamlessly.
Mortgage Credit Availability Increases Slightly in May
Mortgage credit availability increased by 0.1% in May, driven by slight loosenings in jumbo programs, while government and conforming credit remained stable.
UWM Sanctioned Following Judge’s Order for Ishbia Deposition
Federal judge mandates UWM's CEO Mat Ishbia to testify in a legal dispute with Atlantic Trust Mortgage, highlighting tensions in the mortgage industry.
Mortgage Lock Volume Declines 9% According to Optimal Blue Analysis
Rate-lock volume drops 9% as 30-year mortgage rates rise to 6.44%. Purchase transactions account for 81%, while adjustable-rate mortgages reach 11%.
Older Americans Face Challenges Staying in Homes That No Longer Suit Them
Many older Americans are opting to remain in their homes, as financial considerations make moving less appealing. This trend impacts housing market dynamics.
HousingWire Purchases Keeping Current Matters to Enhance Local Data for Agents
HousingWire acquires Keeping Current Matters, enhancing real estate agents' tools for hyperlocal market intelligence to secure listings and foster client relationships.
The Gedalje Group Achieves Top 10 Ranking with 468 Sides in Transactions
The Gedalje Group achieved significant growth, closing 468 transactions worth $245 million, securing a top 10 position in RealTrends Verified The Thousand.