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Fairway Independent Mortgage buys itself a new Midwest division

USA Real Estate News-Inman - Wed, 2025-06-11 13:02
Fort Wayne, Indiana-based Hallmark Home Mortgage is licensed in 18 states. Company founder and CEO Deborah Sturges is joining Fairway as a division manager.

Investors Selling Homes Fast—and Getting Picky About Where They Buy New Ones

USA Real Estate News-RISMedia - Wed, 2025-06-11 12:52

In a new report from Realtor.com®, real estate investors were found to have sold homes at a record pace in 2024, while choosing carefully which states they valued when deciding to buy new ones. Looking at the raw sales numbers, investors offloaded about 509,000 properties last year, which was fewer than in 2021 and 2022,…

The post Investors Selling Homes Fast—and Getting Picky About Where They Buy New Ones appeared first on RISMedia.

3rd indictment adds new charge against Alexander brothers

USA Real Estate News-Inman - Wed, 2025-06-11 12:25
The new allegation of aggravated sexual abuse by force, threat or intoxicant against Oren and Alon brings the total number of counts against the brothers collectively up to 10.

Consumer Housing Sentiment Bounces Back in May: Fannie Mae Survey

USA Real Estate News-RISMedia - Wed, 2025-06-11 12:05

Consumer confidence in the housing market climbed to its highest level this year as Americans relay feeling more hopeful about real estate and the direction of mortgage rates, according to Fannie Mae’s latest National Housing Survey released Monday. Five of six factors included in Fannie Mae’s Home Purchase Sentiment Index (HPSI) improved in May; only…

The post Consumer Housing Sentiment Bounces Back in May: Fannie Mae Survey appeared first on RISMedia.

Consumer Price Index—Including Housing Costs—Inches Up

USA Real Estate News-RISMedia - Wed, 2025-06-11 11:53

The ongoing back-and-forth over tariffs has caused concerns about costs of imported goods, passed onto U.S. consumers, spiking inflation. The latest Consumer Price Index (CPI) from the U.S. Bureau of Labor Statistics, one of the key measures of inflation, looks at inflation data as of May 2025 and was seen by some economists—including Bright MLS…

The post Consumer Price Index—Including Housing Costs—Inches Up appeared first on RISMedia.

How Trump’s Slimmed-Down CFPB Might Impact Fair Housing, Consumer Protections

USA Real Estate News-RISMedia - Wed, 2025-06-11 11:46

The Trump administration has made sweeping changes at all levels of the federal government, slashing spending, cutting staffing and revamping policies to fit its agenda. There’s no place where this is more evident than at the Consumer Financial Protection Bureau (CFPB).  This week, multiple media outlets reported that a CFPB Enforcement Director Cara Petersen resigned,…

The post How Trump’s Slimmed-Down CFPB Might Impact Fair Housing, Consumer Protections appeared first on RISMedia.

May CPI misses projections even as tariff effects hold off

USA Real Estate News-Inman - Wed, 2025-06-11 11:42
Inflation remained softer than expected in May, with consumer prices rising only modestly, suggesting that President Donald Trump's latest tariffs have yet to ripple through, the Bureau of Labor Statistics reported Wednesday.

Mortgage Applications Surge This Week

USA Real Estate News-RISMedia - Wed, 2025-06-11 11:10

While the state of the economy may still be experiencing some uncertainty, it appears that increasing inventory in some areas is having an overall positive impact on loan application volume, which economists report this week was 20% ahead of last year at this time. According to the latest Weekly Mortgage Applications Survey from the Mortgage…

The post Mortgage Applications Surge This Week appeared first on RISMedia.

CFPB enforcement chief resigns, saying mission ‘under attack’

USA Real Estate News-Inman - Wed, 2025-06-11 09:21
The Trump administration is seeking to cut 90 percent of the CFPB's workforce, and has dismissed about 20 active enforcement cases and moved to vacate or weaken several finalized settlements.
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