Former employee sues CrossCountry, branch manager for sexual harassment, retaliation
A representative for CrossCountry and an attorney for Christina Nielsen did not respond to a request for comment. Bocca and Nielsen did not respond to requests for interviews. The lawsuit states that Nielsen filed a sexual harassment and retaliation complaint with the Equal Employment Opportunity Commission (EEOC) on May 20, 2022. On February 24, 2023, […]
MBA defends servants based on HUD OIG harm reduction report
mortgage bankers association (MBA) is highlighting the challenges and successes that the COVID-19 pandemic has created for hostage servicers in response to a series of reports published this week. U.S. Department of Housing and Urban Development (HUD) office of the inspector general (OIG). ,[The] The OIG report confirms what we all know – the COVID-19 […]
Homeownership rates climb for lower-median income families
Families with lower-median household income are overcoming barriers related to borrowing costs and rising home prices and are finding ways to become a homeowner, according to Freddie MacThe latest economic, housing and mortgage outlook from. The below-median family income homeownership rate increased from 48% to 53% since 2016, Freddie Mac said, citing data census BureauHousing […]
Pretium Partners will acquire 4,000 DR Horton rental homes
real estate investment management firm Pretium Partners is acquiring thousands of homes from the home construction company DR Horton Inc. in a $1.5 billion deal, as Bloomberg informed earlier. The deals include a combination of completed homes and homes that are not yet finished, according to the outlet, which cited people familiar with the transaction […]
Real estate agents wonder if inventory will ever return to ‘normal’
The temperatures are rising, the sun is setting later, and the daffodils are starting to peek their green leaves out of the earth – spring is coming. And like bears that are starting to wake up from their long winter nap, homebuyers and sellers are coming out of hibernation… or at least they normally do. […]
Housing Market Tracker: A Wild Week for Rates
It was a wild ride for the housing market last week! The 10-year yield increased significantly, sending mortgage rates nearing 7%, right in the middle of the spring sales season. New listing figures fell, however, active inventory rose. And Purchase Apps had a weekly negative print, continuing the 2023 theme of higher rates hitting data. […]
NY Fed Report Reveals Who Benefited From The Covid Refi Boom
The US mortgage market faced a new “refinance boom” after mortgage rates fell by nearly 200 basis points between November 2018 and November 2020. federal Reserve The rate cut which was done to address the economic effects of the COVID-19 pandemic. researchers in Federal Reserve Bank of New York Estimate the size of this boom […]
Mortgage Rates Continue Recent Sideways Trend
Mortgage rates declined slightly this week, continuing the recent “sideways trend” in the low 6% range. Rates reflect a reduction in inflation and the banking crisis, and are expected to result in federal Reserve (Fed) The federal funds rate is increased. Per Freddie Mac According to the Primary Mortgage Market Survey, the 30-year fixed-rate mortgage […]
HUD invests $837M in energy, climate renewal for multifamily housing
U.S. Department of Housing and Urban Development (HUD) announced Thursday that it will invest more than $837 million from the 2022 Inflation Reduction Act and its own commitments authority to address energy costs and housing quality in under-served communities. Funding will be distributed through HUD’s Green and Resilient Retrofit Program (GRRP), designed to reduce greenhouse […]
The CFPB takes its constitutionality case to the Supreme Court
consumer financial protection bureau (CFPB) filed a brief this week US Supreme Court Arguing that its funding source does not violate the Appropriations Clause of the US Constitution, despite a recent Fifth Circuit Court of Appeals decision saying otherwise. With its brief, the CFPB is trying to overturn the Fifth Circuit’s decision. Community Financial Services […]
