Alan Ratner, Zelman & Associates managing director, joins CNBC’s ‘The Exchange’ to discuss outlooks on the housing market, why mortgage rates are creating an affordability pinch, and more.
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The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund announced on Wednesday that it has awarded 48 organizations a total of $246.4 million to develop affordable housing and community facilities. The funding is expected to result in some 26,400 new housing units, which will primarily serve low-income families and communities that “need…
UWM has debuted a new cash-out refi product without mortgage insurance. Is the juice worth the squeeze? United Wholesale Mortgage (UWM) has the mortgage industry abuzz over its latest product, a higher-risk, cash-out refinance at a time of economic uncertainty. On Wednesday, UWM unveiled a new cash-out refinance product—dubbed Cash-Out 90—that allows borrowers to refinance…
Despite reaching a settlement agreement with the home seller plaintiffs in the Hooper (formerly Phillips) commission lawsuit, eXp World Holdings’ legal woes are far from over. On Tuesday, Laura Criss, Don Gibson, John Meiners and Daniel Umpa, who are the proposed class representatives in the combined Gibson/Umpa suit, filed a motion to intervene and transfer…