L.A. real estate professionals reported mixed opinions to the Federal Reserve Bank statement on Jan. 31 that the government’s interest rates would stay between 5.25 and 5.5 percent. For some agents, the... Read more »
Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major... Read more »
Mortgage rates stabilized in the past week but remain close to the narrow range observed since the start of this month. The 30-year fixed-rate mortgage averaged 6.69% as of Jan. 25, an... Read more »
One San Pedro Collaborative has moved forward with a plan to redevelop Rancho San Pedro, a Los Angeles-owned public housing complex built during World War II, with 1,553 homes. The developer received... Read more »
Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over. The decline in the 10-year Treasury yield... Read more »
The Pending Home Sales Index is a leading indicator of housing activity. It measures housing contract activity and is based on signed real estate contracts for existing single-family homes, condos, and co-ops.... Read more »
loanDepot, the California-based lender targeting profitability next year, delivered its sixth consecutive quarterly loss in the third quarter of 2023, according to documents filed with the Securities and Exchange Commission (SEC) on Tuesday. Total... Read more »
We may be nearing the bottom in home sales even if mortgage rates don’t decline. As a result, there may be a light at the end of the tunnel in this crazy... Read more »