No longer with the Buffalo Bills, Cole Beasley is hoping to catch a new owner for his New York home. Grab it for $1.5 million.
Located on a bluff at the tip of Easton’s Point, the huge property offers incredible views that span from Martha’s Vineyard to Block Island.
The Impact Shares Affordable Housing MBS ETF, also known as OWNS, is an exchange-traded fund with the ambitious mission of seeking to tap the capital markets to address long-standing affordable-housing and racial-wealth gap issues in U.S. society. Since its inception last summer, OWNS has focused on investing in agency mortgage-backed securities (MBS) that are collateralized […more]
With rising rates and inflation, non-QM lending has spent the last few months in choppy waters, with some lenders closing their doors. However, the outlook for non-QM for the rest of 2022 is relatively optimistic, according to Acra Lending CEO Keith Lind. “We are fairly bullish,” Lind said. “You had this backlog of lower-coupon loans […more]
The original mushroom house is for sale. Built in 1955, the home has had only one owner since 1964 and is now available for $1,395,000.
Back in March, HousingWire Lead Analyst Logan Mohtashami coined the phrase “savagely unhealthy” to describe the state of the housing market. As catchy and memorable as the saying is, it signifies a very volatile and discouraging time for industry professionals and people looking to buy a home. Do you notice how I used a present-tense […more]
The HW Insiders award spotlights the industry professionals who are essential to the performance and success of their organizations but may be lesser known to those on the outside. These industry pros are the engines that keep things running smoothly, the secret sauce to their teams’ success. Some other descriptions in this year’s submissions include […more]
Update: This story was updated several hours after publishing to include comments from a Suburban spokesperson saying the company is exiting the mortgage business but not shutting down the company as a whole. Arizona-based mortgage lender Suburban Mortgage Inc.’s website is down and employees’ emails are disabled, indicating that the company apparently shut down its […more]
It’s becoming clear that the settlement services industry, long reluctant to adopt new technology, is finally moving in the direction of comprehensive automation. For an industry where processes, clientele and compliance requirements vary dramatically from state to state or even county to county, this is great news. That lack of national uniformity means that manual […more]
The 10-minute speech given by Federal Reserve Chair Jerome Powell last week continues to impact mortgage rates. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 5.66% with an average 0.8 points. (A point is a fee paid to a lender equal to 1% of the loan amount. […more]