Luxury home sales plunge 45%, with Miami and the Hamptons hit hardest

By: ameer@trustedteam.com

Sales of luxury homes dropped 45% during the three months ended Jan. 31 compared with the same period the year before, according to Redfin. Tight supply and higher rates are...

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Monthly home payments soar

By: ameer@trustedteam.com

Prospective borrowers face record-high monthly payments if they buy a home today, as the traditional spring purchase season begins.The typical homebuyer's monthly payment is $2,563 this week, up 29%...

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Why mortgage rates fell with a stronger jobs report

By: ameer@trustedteam.com

What a week this has been for the housing market, from the fireworks of Fed Chair Jay Powell’s Congressional testimony to an attempt to break over a critical line...

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After big bank failure, renewed questions about Home Loan Bank System

By: ameer@trustedteam.com

The Federal Home Loan Bank of San Francisco is led by Teresa Bazemore. The bank says its "financial strength and stability is not in question" after the failure of...

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New bill calls for restoring mortgage insurance tax deduction

By: ameer@trustedteam.com

The fight to restore the mortgage insurance tax deduction and make it permanent was revived in Congress, with the introduction of a bipartisan bill in the House of Representatives.However,...

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Is your tech agenda set for safety or standout growth?

By: ameer@trustedteam.com

Short video summary called Data Bits on the new 2023 Tech Priorities Editorial Research Report.Transcription:Michael Moeser (00:10):Hello and thanks for joining today's program. This video series explores research arising...

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CFPB asks for public comment on Reg Z’s mortgage LO rules

By: ameer@trustedteam.com

The Consumer Financial Protection Bureau (CFPB) on Friday issued an official request for comment as it conducts a review of Regulation Z’s mortgage loan originator rules. The CFPB is...

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Banks to pay $4.7 billion in compensation to customers

By: ameer@trustedteam.com

ASIC has announced six of Australia's largest banking and financial services institutions have paid or offered to pay a total of $4.7 billion in compensation to customers who suffered...

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Construction output weakest since June 2022: ONS

By: ameer@trustedteam.com

The volume of monthly construction output fell by 1.7% in January, says the Office for National Statistics (ONS). This is the weakest level witnessed since June 2022, when the ONS...

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