Relevant Group has sold the Morrison Hotel in Downtown Los Angeles — named after appearing on The Doors’ album cover of the same title — to AIDS Healthcare Foundation, The Real Deal... Read more »
Cleveland, Ohio-based fintech Upright has launched a debt service coverage ratio (DSCR) rental loan to investors, the company announced on Monday. DSCR rental loans are non-qualifying mortgages (non-QMs) used by real estate investors to... Read more »
Marcus & Millichap, a Calabasas-based commercial brokerage firm, has announced a partnership with San Francisco-based technology company Archer to advance its presence in the proptech sector. The two companies have not disclosed... Read more »
A lease with an option to buy, also known as a lease-purchase agreement or rent-to-own agreement, is a contract that provides a unique opportunity for a renter to potentially purchase the property... Read more »
“We see a little bit of pickup but not like you normally would because of seasonality,” Overfelt added. If rates continue to drop, some LOs expect a small ‘bump’ in cash-out refis... Read more »
Home buyers in Orange County now must pay a record $1.085 million for a typical house. The cost of a median-priced OC home jumped 14 percent on an annual basis in October... Read more »
FHA mortgage rates are typically higher than conventional mortgage rates, but they can be a good option for borrowers with lower credit scores or smaller down payments. The minimum credit score for... Read more »
Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. The bank received Matter... Read more »
L.A.’s apartment market is nearly on the rocks. That’s the conclusion of Yardi Matrix, whose new report says sluggish rent growth, diminishing demand and a return to lower but historically average construction... Read more »
El Paso, Texas is a vibrant city located on the western tip of the state. With its rich history, diverse culture, and affordable housing options, it has become an attractive destination for... Read more »