This 9,000-square-foot, five-story townhouse in New York City is on the market as a rental with an eye-popping price: $75,000 a month. WSJ’s Kelsey Hubbard discusses the ultra-modern gut renovation project with the developer. … [Read More...]
Mortgages Rates moved higher today at their fastest pace in months. 3.875% Best-Execution is off the table today and even the more aggressively-priced group of lenders is most advantageously priced at 4.0%, some lenders at 4.125%. This was a very big, very fast move. … [Read More...]
Click for ‘REO discounts’ by market.
Foreclosure activity seems poised to pick up, if the start of the year was any indication. LPS Applied Analytics, for example, reported that foreclosure starts were up about 28% in January from the prior month.
Industry watchers say the … [Read More...]
The Department of Housing and Urban
Development released five reports from its Office of Inspector General on Tuesday
based on reviews of the foreclosure and claims processes of the five largest
Federal Housing Administration (FHA) mortgage servicers. OIG conducted the audit of … [Read More...]