Existing home sales suffer from inadequate supply | 2018-06-20

Existing home sales fell back for the second straight month in May, however, the Northeast was the only region to see an uptick, according to the latest report from the National Association of Realtors. Total existing home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 0.4% to a seasonally adjusted annual rate…

Walker & Dunlop taking on the West Coast, hires Javier Rivera to develop its investment sales platform | 2018-06-19

Walker & Dunlop hired Javier Rivera as senior vice president to help lead its newly minted West Coast multifamily investment sales team. "We are thrilled to have Javier join our investment sales team as we open up our first investment sales office on the west coast. Javier's track record and market expertise will be extremely…

FirstClose announces integration with Chicago Title Insurance Company | 2018-06-18

FirstClose, a provider of technology solutions for mortgage lenders nationwide, announced its integration with Chicago Title Insurance Company. Through this integration, the FirstClose Report will provide financial institution clients with Chicago Title’s property search, legal and vesting products and services, the company said in a press release.  “Our comprehensive title products and services enhance FirstClose’s…

San Diego Homeowners Association wins $2.975 million construction defect lawsuit | 2018-06-18

The San Diego Homeowners Association won $2.975 million in damages from a construction defect suit. The Naumann Law Firm filed the lawsuit in the San Diego County Superior Court on behalf of the homeowners association against an unnamed developer of a 230-unit condominium built between 2004 to 2005, according to a release from the law…

FHLBank Pittsburgh, Pennsylvania Housing Finance Agency partner to deliver funding to fight homelessness | 2018-06-18

Federal Home Loan Bank Pittsburgh and Pennsylvania Housing Finance Agency are partnering to create fund programs that help fight homelessness and assist people at risk of losing their housing. Home4Good, a housing entity aimed at ending homelessness in Pennsylvania, recently received $4.5 million from FHLBank Pittsburgh and the Pennsylvania Housing Finance Agency to fund its launch. "We…