Pennymac TPO hires former Citizens Bank mortgage executive

Pennymac TPO hires former Citizens Bank mortgage executive

California-based Pennymac Financial Services has hired Kristy Dickey, a former executive at Citizens Bank, as first vice president of TPO sales. Dickey will be responsible for growing the lender’s broker division and... Read more »
Pennymac TPO hires former Citizens Bank mortgage executive

CBO projects FHA to lose $7 billion in 2024 receipts; budget cuts could impact reverse mortgages

The Federal Housing Administration (FHA) faces a potential loss of roughly $7 billion in receipts in 2024, and a failure by Congress to come to terms on certain spending agreements could force... Read more »
Will the San Francisco Housing Market Crash in 2024?

Will the San Francisco Housing Market Crash in 2024?

The San Francisco housing market is among the most competitive and expensive in the United States. As a densely populated and highly sought-after urban area, the county’s real estate market is characterized... Read more »
Why California was right to ban ‘crime-free’ housing

Why California was right to ban ‘crime-free’ housing

Landlords across the country have been empowered to act as a kind of police force in the name of crime prevention for decades. How? Through local “nuisance property” laws and “crime-free housing”... Read more »
Fewer homes will take a price cut in spring 2024

Fewer homes will take a price cut in spring 2024

Traditionally, one third of all homes get a price cut before they sell and when demand gets weaker, this percentage increases, which we saw in 2022 when prices were falling in the... Read more »

Piece of Eldorado Country Club with a Price Improvement

Looking to own a piece of Eldorado CC history? This mid-century modern GEM, designed by renowned architect William F. Cody, is now available for purchase. With its expansive entertaining bar and walls... Read more »
LA Condo Owners Allege HOA Fraud at Tower Run by Barry Shy

LA Condo Owners Allege HOA Fraud at Tower Run by Barry Shy

While Barry Shy and his son Rommy have moved cash out of California and into Texas, the landlords are facing a new legal battle at home. A group of condo owners at... Read more »
Final approval hearing date set for RE/MAX, Anywhere commission lawsuit settlements

Final approval hearing date set for RE/MAX, Anywhere commission lawsuit settlements

A date for the final approval conference for RE/MAX’s and Anywhere’s settlement agreements in the Sitzer/Burnett, Moehrl and Nosalek commission lawsuits has finally been set. The conference is slated for Thursday, May... Read more »
AG wants Trump banned from New York real estate business for life

AG wants Trump banned from New York real estate business for life

Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a... Read more »
Top Multifamily Sale Prices Fall During 2023 in LA market

Top Multifamily Sale Prices Fall During 2023 in LA market

Top prices for Los Angeles multifamily properties in 2023 couldn’t compare with the previous year. A $125 million sale topped the 2023 list, about four times less than the $504 million trade... Read more »