In addition to allowing lenders to delay appraisals for up to 120 days after closing, the temporary rule also allows for desktop appraisals and other forms of assessment flexibility. Continue reading
Builder confidence for newly built single-family homes fell to 30 points in April, down more than half from 72 points in March. Continue reading
The average contract interest rate for 30-year fixed-rate mortgages dropped to 3.45 percent from 3.49 percent, its lowest level since the Mortgage Bankers Association began its weekly survey. Continue reading
The real estate industry has so far secured 3.22% of the money being doled out as part of the pandemic-prompted Paycheck Protection Program. Continue reading
A Bay Area home that Brooklyn Nets star Kevin Durant recently rented has been listed off market for $5.99 million. Continue reading
‘We expect delinquency rates to jump significantly throughout the year as the economic toll from COVID-19 becomes more evident,’ CoreLogic President Frank Martell said. Continue reading
The Main Street Lending program will provide four-year loans to businesses with fewer than 10,000 employees. Continue reading
Real estate agents in markets where transactional activity has halted may be getting a little relief soon. Continue reading
It was unclear when the man made the move or if it was before Gov. Andrew Cuomo issued orders on March 20 for “non essential” New York state workers to stay at home. Continue reading
A new report shows that what was poised to be “the most competitive” spring market in years instead ended up with plummeting numbers of new listings. Continue reading