Among homeowners who have a mortgage escrow account, only 52% fully understand how the account works, according to survey results released Thursday by property tax services provider LERETA. More than 80% of survey respondents said they know what an escrow account is and its primary purpose — to pay property taxes and other expenses, such […]
Government-sponsored enterprise Fannie Mae reported $77.4 billion in net worth at the end of 2023, including $17.4 billion in additional net income for the full year, according to its financial results report released on Thursday. The $77.4 billion figure marks a sharp increase from prior years — $60.3 billion in 2022 and $47.4 billion in […]
In an email to the board of directors on Wednesday, National Association of Realtors (NAR) President Kevin Sears announced that he and the trade organization would not be taking on any presidential initiatives throughout the duration of his term, as first reported by Inman News. Sears stepped into the role of NAR president in January […]
For seniors who have retired, taking on additional debt that requires a monthly payment while being on a fixed income could have ramifications on quality
The Federal Reserve’s Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% at its first
The top-producing Suarez Team is joining real estate firm The Real Brokerage, according to a company announcement on Wednesday. Powered by James and Roxanne Suarez,
Data from the American Land Title Association’s (ALTA) Title & Settlement Agent Registry (ALTA Registry) will be integrated with the platform of closing software provider
The top-ranked brokerage in the country by transaction sides, eXp Realty, is now under fire from the New York State Comptroller. In a letter sent to eXp Realty
Dark Matter Technologies (DMT) tapped Tony Fox, former director of ICE Mortgage Technology, as its new chief of client engagement. Fox is responsible for directing
Despite cooling interest rates, the title insurance segment at Big Four title firm Old Republic recorded a 22.8% annualized decline in net premiums and fees during the fourth quarter of 2023, which contributed heavily to a 12.8% decrease for all of last year. During the last three months of the
For seniors who have retired, taking on additional debt that requires a monthly payment while being on a fixed income could have ramifications on quality of retirement, and it should be considered in concert with all the facts about how it will impact a senior’s financial situation. This is according
The Federal Reserve’s Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% at its first meeting of the year on Wednesday. The decision falls in line with the stance taken by central bank officials in recent meetings, where they maintained
The top-producing Suarez Team is joining real estate firm The Real Brokerage, according to a company announcement on Wednesday. Powered by James and Roxanne Suarez, the 10-person team serves the greater Los Angeles market, including Silicon Beach, Beverly Hills, Hollywood Hills and the South Bay. Before joining Real, the team
Data from the American Land Title Association’s (ALTA) Title & Settlement Agent Registry (ALTA Registry) will be integrated with the platform of closing software provider Qualia, according to an announcement on Wednesday. The data will be provided to Qualia under a licensing agreement with the ALTA Registry, which is a
The top-ranked brokerage in the country by transaction sides, eXp Realty, is now under fire from the New York State Comptroller. In a letter sent to eXp Realty and eXp World Holdings CEO Glenn Sanford, Thomas DiNapoli asked the brokerage to open an independent investigation into the sexual harassment and assault allegations that