Tag Archives: News Brief

Best amenity during a lockdown? A wine cellar, homeowners say

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Gene Walder, the president and co-owner of Vintage Cellars, said his company is currently working on around 60 custom wine storage spaces around the country. Continue reading →

Lion & Orb launches new listing marketing program for agents

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PressList is designed to generate media coverage for agents’ listings. The service also includes a virtual tour agents can use while in-person showings remain off limits. Continue reading →

Banks get first grab at stimulus checks

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Nothing in the CARES Act precludes banks from garnishing the federal stimulus checks currently being disbursed to Americans. Continue reading →

Banks can now delay appraisals for up to 120 days after closing

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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 →

Mortgage rates drop to 30-year low

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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 →

Real estate firms nab $8B in small business stimulus loans

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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 →

NBA star Kevin Durant’s former Bay Area home lists for $6M

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A Bay Area home that Brooklyn Nets star Kevin Durant recently rented has been listed off market for $5.99 million. Continue reading →

Delinquency rates still low, but a pandemic-related jump to come

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‘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 →