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Beverly Hillbillies Mansion Selling for $350 Million: Most Expensive Property on the Market in the U.S.

Beverly Hillbillies Mansion Selling for $350 Million: Most Expensive Property on the Market in the U.S.

Beverly Hillbillies Mansion Selling for $350 Million: Most Expensive Property on the Market in the U.S. The staggering sum cements the Bel Air home’s status as the most expensive residential listing in the United States. At the beginning of the year, a 38,000-square-foot mansion in Bel Air listed for $250 million, making it the most expensive property […]

Fannie, Freddie fail Dodd-Frank severe stress test

Fannie, Freddie fail Dodd-Frank severe stress test

Fannie, Freddie fail Dodd-Frank severe stress test Would need nearly $100 billion bailout in economic adversity The Federal Housing Finance Agency released the latest results of the Dodd-Frank Act stress test results for Fannie Mae and Freddie Mac. Both of the GSEs failed the test, showing they would need a bailout in the event of a severe economic crisis. The […]

SoFi to finally file for IPO?

SoFi to finally file for IPO?

SoFi to finally file for IPO? CEO first teased an IPO back in 2014 Social Finance, better known as SoFi, first teased it would file for an initial public offering nearly three years ago. But, according to an article in The Wall Street Journal by Peter Rudegeair, this never came into fruition after the online peer-to-peer lender […]

Redfin: Inventory shortage now impacts luxury housing market

Redfin: Inventory shortage now impacts luxury housing market

Redfin: Inventory shortage now impacts luxury housing market Luxury home price appreciation outpaces starter homes Inventory shortages have long impacted home prices, as increased competition has pushed prices higher. A new report from Redfin now shows this same problem has made its way into the luxury housing market. However, the report noted that competition is not nearly as significant, […]

Wells Fargo to pay $108 million for allegedly overcharging veterans on refis

Wells Fargo to pay $108 million for allegedly overcharging veterans on refis

Wells Fargo to pay $108 million for allegedly overcharging veterans on refis Settles lawsuit with the federal government It seems that Wells Fargo literally can’t go one week without facing another scandal. Exactly one week ago, Wells Fargo revealed its latest scandal, as the bank said that it is preparing to hand out $80 million in remediation for potentially wrongfully force-placing […]

Realtors beware: There"s another phishing scam out to get you

Realtors beware: There"s another phishing scam out to get you

Realtors beware: There”s another phishing scam out to get you Here”s what to do if it happens to you Realtors once again find themselves susceptible to another scam that threatens to con them into paying fines. The National Association of Realtors warned its members of a new phishing scam that is targeting real estate professionals. According to the association, “A […]

Fannie Mae: Home prices surpass housing boom peak

Fannie Mae: Home prices surpass housing boom peak

Fannie Mae: Home prices surpass housing boom peak Here are the top 10 states with highest growth Fannie Mae released its 2017 Second Quarter Credit Supplement report when it reported its earnings Thursday, which showed home prices hit an all new high, surpassing the previous 2006 peak. Home prices increased 2.4% in the U.S. from the […]

Senate to consider bill to end “FICO monopoly” at Fannie Mae and Freddie Mac

Senate to consider bill to end “FICO monopoly” at Fannie Mae and Freddie Mac

Senate to consider bill to end “FICO monopoly” at Fannie Mae and Freddie Mac Bipartisan push continues to allow GSEs to use alternative credit scoring models Earlier this year, a bipartisan group reintroduced a bill in the House of Representatives that would allow Fannie Mae and Freddie Mac to consider alternative credit-scoring models beyond the FICO credit score the government-sponsored enterprises currently use. […]

Lenders react to end of Freddie Mac 1% down payment mortgage offerings

Lenders react to end of Freddie Mac 1% down payment mortgage offerings

Lenders react to end of Freddie Mac 1% down payment mortgage offerings Quicken Loans and UWM weigh in 0% down and 1% down mortgage offerings just started to gain traction in the industry when Freddie Mac announced it is changing the requirements and completely nixed its program option. The government-sponsored enterprise shocked the market this week when it […]


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