Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales, the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Several Fed districts reported

Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected.Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% to 1,900 loans in February, a dro

Christie’s International Real Estate appointed Jamie Duran as executive vice president and managing director of its  Beverly Hills-based affiliate, the company announced on Wednesday. Prior to joining Christie’s, Duran was affiliated with Coldwell Banker for almost 35 years.In her new role, Duran wi

A group of investors led by the former U.S. Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital, will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. The m