The family of an Indiana state trooper killed in the line of duty is left without a mortgage payment.The Tunnel to Towers Foundation announced in a news release Tuesday that it has paid the mortgage on the home where Master Trooper James Bailey lived with his wife and children, Joseph and Sophia.Bailey, 50, was killed in March 2023 after being struck by a vehicle on Interstate 69 south of Auburn. Bailey had been attempting to activate a stop bar to defuse a collision with a vehicle fleeing from Fort Wayne police.Bailey's wife, Amy, said in a statement that the family…
Author: Private Lending Agent
HECM trading volume: Some major institutions buck the trend Despite the industry-wide decline in transaction volume, four of the nation's top 10 reverse mortgage lenders posted profits in June. Finance of America (FOA), which has lagged behind Mutual of Omaha Mortgage in recent months, saw its loan approvals increase 4.1% in June to 534. Guild Mortgage also saw its loan approvals increase 19.1% to 56, while South River Mortgage and Hi-Tech Lending also saw positive growth. Asked if the drop in loan volume could lead to fewer loans being issued this summer, RMI President John Lunde said that's a possibility.…
As the real estate market continues to grow, financial analysts are beginning to worry about the state of the economy. Some are beginning to murmur about 2008, the last great recession, when the real estate market crashed and took four years to recover. Investors and property owners are wondering how to prepare. Christian Gore makes an encouraging prediction based on data he analyzed with the help of an innovative artificial intelligence partner.”We're going through a new cycle now, but we're prepared and we think we'll get through it,” Christian Gore said. “We're on the offensive and hopefully we can continue…
Construction spending has been strong in this economy since the pandemic hit, as a housing shortage is being filled and federal funding from the CHIPS Act and infrastructure bills is pouring into new projects. But the latest data from the Census Bureau shows that construction spending actually fell from April to May. The decline wasn't large — just 0.1% — but it was the first decline since October 2022. And it's not just a blip: That 0.1% doesn't tell the whole story, said Jay Bowman, a partner at engineering and construction consulting firm FMI. “The idea that the construction industry…
U.S. inflation is easing again after a sharp rise earlier this year, according to Federal Reserve Chairman Jerome Powell. But Powell stressed on Tuesday that the Fed needs more evidence before considering cutting interest rates. The caution underscores the complexity of monetary policy in the current economic environment. Fed not ready to cut interest rates despite slowing inflation Powell noted that the April and May data point to a return to deflationary trends after persistently high inflation at the start of 2024. Speaking at the European Central Bank's monetary policy conference in Sintra, Portugal, Powell said Fed officials would like…
As we approach the summer of 2024, the mortgage landscape presents a variety of opportunities and challenges for prospective homebuyers and homeowners looking to refinance. Mortgage rates have declined slightly as the season begins, providing a ray of hope during a time when rates remain elevated. Mortgage rates fall in June: Experts predict downward trend The average interest rate on a 30-year fixed-rate mortgage fell to 6.92% in June from 7.06% the previous month, according to the latest data from Freddie Mac. The drop follows a sharp increase in rates that saw them rise from 6.64% in January to just…
A commercial building housing some of Magnetic Island's most popular businesses is up for sale for the first time in 28 years. See the location. Located at 6 Pacific Drive along the iconic Horseshoe Bay Esplanade, the freehold building is home to four fully tenanted retail stores – Nudies, Horseshoe Bay Fish & Chips, Cafe Nourish and Island Fever Surfwear – and was listed for sale by Raine & Horne Townsville on 19 June. Rayne & Horne principal Steve Lawmont said commercial property ownership on the island is extremely rare and this represents an exciting opportunity for a smart investor…
Seattle-based bridge lending firm Avatar Financial Group LLC (“ has added Alex Cruz and George Warf to its growing team. As Directors of Origination, the two will be responsible for originating and underwriting commercial real estate loans nationwide, new business development and the expansion of Avatar's bridge lending platform. Both join Avatar from NuBridge Commercial Lending and are based in Los Angeles. Since beginning his career more than 24 years ago, Mr. Crews has held several roles in the mortgage industry, including at NuBridge, where he oversaw operations across seven states and maintained a large, active broker base, and as…
After publishing a scathing critique of the association's buyer agreements last week, the CFA has released a new report focusing on CAR's listing agreements.The Consumer Federation of America released a 20-page memo highlighting the California Association of Realtors' concerns about seller-listing contracts. The report follows up on last week's criticism of CAR's buyer representation agreements, which the watchdog group called “too confusing and complicated for the average homebuyer to understand.” CFA also argued that provisions in the buyer representation agreements appear to sidestep the NAR settlement.Now, the CFA has made similar criticisms of CAR's listing agreements, saying the 7,000-word, seven-page…
United States – July 2, 2024 — realpool.me, a cutting-edge real estate investment platform, has announced a unique opportunity for investors to purchase luxury villas in Thailand's famous Natai Beach area at 15% below market price.A quiet revolution in real estate investing is taking place in the sun-drenched paradise of Natai Beach. realpool.me has secured exclusive access to a collection of luxury villas that are part of a development project worth over $18 million. Located just 2,900 feet from a pristine tropical beach, these villas represent the pinnacle of luxury living and investment potential. “At realpool.me, our mission is to…