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Top New York City broker makes the move to Corcoran
Kathy Murray and her eponymous team are making the move to Corcoran after more than 20 years at Douglas Elliman.
Warning issued: Aging workforces are threatening income growth
By 2060, the number of working-age people (ages 20 to 64) will have declined in many advanced economies, while the number of retirees will soar.
Purchase applications, VA refinances soar in latest MBA data
With adjustments for the July 4 holiday, MBA reports purchase applications increased to the highest level of activity since February 2023
Chicago-area contractor sentenced to 17 years in prison over reverse mortgage scam
The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois.
FHA updates loss-mitigation waterfall in new mortgage servicing guidance
Published on Thursday, the letter extends existing COVID-19 recovery options to February 2026. The FHA said it is aiming to give stakeholders “time to implement the new loss mitigation, claims, and reporting requirements.”
WaFd Bank exits home mortgage lending, says model is ‘unsustainable’
Seattle-based WaFd Bank, which has offered home loans for more than 100 years, announced Thursday in an earnings report that it will exit the single-family mortgage lending business.
Anywhere Real Estate undergoes a C-suite shake-up
Anywhere names Rudy Wolfs as its chief technology officer while Melissa McSherry steps down as chief operating officer.
Jobs data sends mortgage rates higher
We got a jobs Friday hat trick, with jobs beating estimates, positive revisions and robust wage growth.
2023 New home sales helped the economy avoid a recession
The new home sales sector employs construction workers and stimulates the purchase of goods and services to build those homes.
