What will happen to home prices if mortgage rates stay high this year? Experts weigh in
Unfortunately, several economic factors are making it harder for mortgage rates to fall significantly. Inflation has been rising, and the Federal Reserve hasn't cut interest rates. Few forecasters expect a steep drop anytime soon. On top of that, affordability is already stretched thin for plenty of households.
|
Palm Beach Power Firm Says $17 Million Escrow Vanished, Blames Big Bank
In the early morning hours of a Thursday in January, more than $17 million disappeared from the escrow account of prominent Palm Beach real-estate law firm Rabideau Klein, according to a new lawsuit. The firm says it clawed back roughly $10.7 million, but about $6.5 million is still missing. To recover the balance, Rabideau Klein has sued First Horizon Bank, alleging a cascade of oversight and security failures that let an unknown intruder move money out of the account in rapid-fire succession.
|
Shenandoah County (VA) agrees to $500,000 settlement over land for public park
The land was to be "set apart, dedicated, treated and maintained" as a public park, used "for no other use or purpose," and named Mack and Zula Wagner Park, for Wagner and her late husband. She attached strings. The county had to fund the park's upkeep. It could never sell, trade or mortgage any part of the property. And if it broke a single condition, the will said, all of it would go back to her heirs. In June 2014, the county rented about 225 acres to Edward K. Dean for hay and pasture at $30 an acre, or $6,767 a year. The heirs alleged the arrangement was meant to provide time and money while the county completed a master plan for the park.
|
Trump Nominates Brian Johnson to Lead CFPB: A Strong Choice, But Is There Another Reason for the Timing?
From a qualifications standpoint, Johnson appears to be an exceptionally strong choice. He is no stranger to the CFPB, having previously served in senior leadership positions at the Bureau from December 2017 until March 2020, including as Acting Deputy and then Deputy Director for a majority of that period.
|
Statewide Abstract Expands Regional Operations with Acquisition of RG Title Agency
Statewide Abstract announced on June 4 that it had acquired RG Title Agency, a long-standing title insurance agency based in Peekskill that has been serving the New York real estate community since 1956. The acquisition marks a significant milestone in Statewide Abstract's continued growth strategy and further strengthens the company's position as a leading provider of title insurance and settlement services throughout the New York metro region, company officials stated.
|