As we outlined a few years ago when the two-story garage on the northwest corner of Franklin and Pine, which had been identified as “one of the best examples of a public garage in San Francisco’s Historic Auto Row area, due to its longevity, integrity, and capacity,” hit the market positioned as an “excellent investment opportunity […more]
Are we headed for a market correction?
Blend Labs executives say they are being conservative in managing the company after recording a massive financial loss in the second quarter of 2022. The California-based mortgage tech company plans to reduce costs, including cutting 25% of its workforce, and will focus on products with a higher return on investment amid an extreme market downturn. […more]
A scaled-down version of the infamous island green at TPC Sawgrass takes up most of the front yard of this 1.71-acre property in Illinois.
A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). HELOCs allow homeowners to tap the equity in their […more]
The radio show host Alex Jones is based in Austin, TX, and that’s where he owns many homes. Let’s take a look.
Servicers’ forbearance portfolio volume descended in July since mortgage forbearance rate dropped below 1% in April. The total number of loans decreased one basis point to 0.34%, according to Mortgage Bankers Association (MBA). The mortgage forbearance rate on a declining trend is positive news after the economic impacts of the pandemic hit borrowers hard. The […more]
If you’re in love with modern farmhouse style, you’re not alone. We’ve found five affordable farmhouses for sale priced below $500,000.
In the face of a declining mortgage market and heightened regulatory scrutiny, Wells Fargo, the country’s largest depository mortgage lender by volume, is planning for a smaller footprint in correspondent lending and third-party servicing business. The depository bank will likely shrink or potentially halt correspondent lending, in which Wells Fargo funds the loan arranged by […more]
Fannie Mae has appointed Cissy Yang as senior vice president and chief audit executive, taking over for J. Douglas Watt, who will retire in November. Yan’s appointment is effective as of September 12. As chief audit executive, Yang will be responsible for leading the company’s audit strategy, including internal controls, operational processes and risk assessments. […more]