Mortgage applications for new-home purchases increased 7.2% year over year in November, according to data from the Mortgage Bankers Association‘s (MBA) builder application survey that was released Tuesday. Applications decreased by 12% from October 2024. “Applications to purchase newly built homes have seen annual increases since February 2023, as prospective homebuyers continue to favor new…
All Posts in "Real Estate News" Category
Category archive page
Despite having long ago settled the commission lawsuits, legal challenges continue to mount for real estate industry giant Anywhere. On Friday, the firm and some of its subsidiaries and agents were accused of violating the federal Racketeer Influenced and Corrupt Organizations (RICO) Act and the Lanham Act. The lawsuit, which alleges claims of false advertising,…
The criminal charges against the Alexander brothers are now affecting Side’s civil lawsuit against them. Side has filed a preliminary injunction against Tal and Oren Alexander and their brokerage, Official Partners, that seeks to prevent them from dissipating, hiding or moving collateral for a loan that Side claims the brothers have defaulted on. Side —…
Mr. Cooper Group on Monday announced the addition of Andrew Bon Salle to its board of directors. Bon Salle will officially join the board Jan. 1. Bon Salle is a 30-year industry veteran with vast experience in several business areas. His most recent role was with Home Point Capital as board chairman. He left Home…