The condo king of Miami is betting his luxury project on ritzy Fisher Island can weather a recession

By: ameer@trustedteam.com

"Condo king of Miami" Jorge Perez and his Related Group are behind the 10-story, 50-unit Fisher Island project that boasts a sell-out price of $1.2 billion. Units start at $15...

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Mortgage and refinance rates today, Jan. 14, and rate forecast for next week

By: ameer@trustedteam.com

Today’s mortgage and refinance rates Average mortgage rates barely moved yesterday, just inching higher. On Thursday, Freddie Mac published its weekly average for conventional 30-year, fixed-rate mortgages. It was...

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Senior housing wealth has hit a new record at $11.81 trillion

By: ameer@trustedteam.com

Collective housing wealth rose once more in Q3 2022 for homeowners at or over the age of 62. However, the growth in housing wealth for seniors in the third...

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Wells Fargo hints at how it will downsize its servicing portfolio

By: ameer@trustedteam.com

Wells Fargo offered more details about its approach to downsizing its involvement with mortgages during its earnings call, which revealed that its profitability has been halved compared to last...

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Fed survey: Home Loan bank advances are popular liquidity fallback for banks

By: ameer@trustedteam.com

Federal Home Loan bank advances are a popular option for banks facing falling reserve balances, a recent survey from the Federal Reserve found.Among banks that are members of the...

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Mortgage pros, quit overcomplicating the task at hand

By: ameer@trustedteam.com

“Dominate The One’s” was born out my appreciation for a tactic that was taught to me some 32 years ago and my frustration with how we in sales try...

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