Residential

Sierra Pacific Mortgage Co. Inc. has launched a Builder Division that will focus on providing mortgage services for homebuilders
Sierra Pacific Mortgage Co. Inc. has launched a Builder Division that will focus on providing mortgage services for homebuilders.   The Folsom, Calif.-based lender has hired Diane Cimarusti-Galigher, a former Senior Vice President at BD Holdings, as the Division’s Regional Builder Manager for... Keep Reading....
The Federal Housing Administration (FHA) has extended its 90-day foreclosure moratorium for FHA-insured homeowners impacted by Hurricanes Harvey, Irma and Maria for an additional 90 days
The Federal Housing Administration (FHA) has extended its 90-day foreclosure moratorium for FHA-insured homeowners impacted by Hurricanes Harvey, Irma and Maria for an additional 90 days in presidentially declared counties and municipalities where the Federal Emergency Management Agency (FEMA) is... more
A pair of homes with connections to Elvis Presley are scheduled to become available in online auctions on Nov. 11
A pair of homes with connections to Elvis Presley are scheduled to become available in online auctions on Nov. 11.   According to a Realtor.com report, one home was built in the 1920s in Tupelo, Miss., by Vernon and Vestor Presley, Elvis’ father and uncle. The shotgun house on 16.5 acres was... more
There was bad news on the monthly pending home sales front and mildly bad news on the weekly mortgage applications front
Home sales took a year-over-year drop by 8.1 percent in September, the largest decline posted since July 2016, according to new data from Redfin. The falling sales figures were matched by a shrinking inventory: the number of homes for sale tumbled by 10.9 percent from one year earlier, continuing... more
Total existing-home sales declined by 1.8 percent in June to a seasonally adjusted annual rate of 5.52 million from 5.62 million in May
After three months of decline, existing-home sales managed to inch up by 0.7 percent to a seasonally adjusted annual rate of 5.39 million in September from 5.35 million in August, according to new data from the National Association of Realtors (NAR). Last month’s sales pace was down on a year-over... more