News

The Southern District of Florida has adopted new guidelines establishing a flat fee of $525 for attorneys representing secured creditors in Chapter 13 proceedings.

According to a new analysis from CoreLogic, California, Washington, D.C., and Georgia now lead for the highest investor shares in Q2, as investors accounted for 26% of all single-family home purchases in June.

Independent banks reported a pre-tax net loss of over $500 on every loan originated during the second quarter of 2023. This marks a notable improvement over losses posted in the first quarter.

Homebuyers are turning to newly built properties amid the severe inventory shortage, according to a new market report from Redfin, which revealed new construction homes made up 31.4% of single-family homes on the market nationwide in Q2.

Multiple trade associations have responded to the FHFA’s Request for Input on the GSEs’ Single-Family Mortgage Pricing Framework through the promotion of responsible homeownership opportunities for all home-ready borrowers.

The Department has issued regulatory and administrative waivers to allow the use of funding to help communities in Maui and the Island of Hawaii to accelerate recovery efforts.

According to the U.S. Census Bureau, privately owned housing units counted by the number of building permits issued in July were at a seasonally adjusted annual rate of 1,442,000. This number is slightly above the revised June rate but still 13% below the July 2022 rate of 1,658,000.

By understanding the potential of investments in Opportunity Zones, investors can maximize their returns, promote green building initiatives, and shape the future of the construction industry.

In the latest installment of the Five Star Webinar Series, Five Star and Brookstone Management will host a discussion about combating blight, returning foreclosed properties to the market, and protecting property values. Tune in for insights from Brookstone, Fannie Mae, and U.S. Bank.

While racial disparities in housing pose challenges for homebuyers nationwide, a new report from LendingTree revealed that in the 50 largest U.S. metros, Black Americans are nearly 2% more likely to be denied a mortgage than the overall population.