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Author Archives: Brittany Dunn

REDC Auctions Generate $55 Million in Sales

The third weekend in November proved to be a busy one for Real Estate Disposition, LLC (REDC), during which the company generated $55 million from auction activity in New York City, Las Vegas-Reno, and a national online auction.

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New Rules to Strengthen Risk Management Proposed by FHA

In an effort to further reduce risks to its single-family insurance fund which continues to play a critical role in today's housing market, the Federal Housing Administration (FHA) proposed new regulations on Monday in order to boost lender oversight, tighten controls, and streamline lender approval.

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NAR Funds Local Realtor Affordable Housing Activities

Through its Housing Opportunity Fund grants program, the National Association of Realtors (NAR) recently announced the disbursement of $50,950 to 16 local and state Realtor associations, in an effort to promote and expand local affordable housing opportunities in communities across the nation.

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Mortgage Interest Rates Continue to Decrease

The average interest rates for both conventional 30-year and 15-year fixed-rate mortgage loans of $417,000 or less fell in October, the Federal Housing Finance Agency (FHFA) reported Tuesday. According to the report, interest rates on conventional 30-year fixed-rate loans of $417,000 or less fell 13 basis points to 5.

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