A report from the Flathead Beacon in Montana. "As an affordable housing general contractor, Layne Massie is struggling to reach his goal of bringing reasonably priced homes to the Flathead Valley. The developer’s home prices have jumped an average of…
A weekend topic starting with Mortgage News Daily. "Quontic Bank has expanded its very popular No Ratio program such that the borrower doesn’t put income or job on the application for owner-occupied borrowers. The borrower could have opened a business…
It's Friday desk clearing time for this blogger. "Retired NBA star Deron Williams, formerly of the Brooklyn Nets, has finally sold his Tribeca penthouse at 35 North Moore St. for less than half its original asking price." "Condo inventory was…
It's Friday desk clearing time for this blogger. "The sale of the 851-square-foot, one-bedroom unit of the Lumina tower at 201 Folsom Street has just closed escrow with a contract price of $999,000. But as the unit was purchased for…
It's Friday desk clearing time for this blogger. "A San Diego-based mortgage lender has agreed to pay nearly $25 million to resolve allegations that it knowingly approved ineligible loans that later defaulted, resulting in mortgage insurance claims to the Federal…
A weekend topic starting with Bloomberg. "Regional players New York Community Bancorp Inc. and Signature Bank are becoming a case study for potential trouble from a sudden downturn in the Big Apple’s property sector, and their share prices are suffering.…
Two reports from the Globe and Mail in Canada. "The summer of economic recovery is fading away, replaced by a season of growing uncertainty as the weight of tens of billions of dollars in deferred debts bears down on consumers…
It's Friday desk clearing time for this blogger. "The Chicago City Council enacted the COVID-19 Eviction Protection ordinance in June. After selling two single-family homes to financially maintain his remaining portfolio, Derrick Rowe, a landlord on the South Side, now…
It's Friday desk clearing time for this blogger. "'If you’re thinking about selling your home, now is a great time to do it, work with a professional to make sure you get through it,' explains Rachel Sartain a Pinellas County…
A report from CBC News in Canada. "Owners of condo units in Fort McMurray's troubled Hillview Park complex are worried about paying their bills after being hit with special assessments of up to $76,000. It's the third special assessment charged…