June 2024

Image CEO Darrell Crate says REIT looking to increase FFO by 2% to 3% over next five...

Image CEO Jonathan Stanner discussed growth strategies and market...

Seattle, Orlando and Anchorage top travel destinations in 2024 Based on recently released AAA projections, 70.9 million travelers will journey 50 miles or more from home over the Independence Day holiday period in 2024. This year's projected number of travelers represents a 5% increase compared to 2023 and an 8% increase over 2019. "With summer vacations in full swing and the flexibility of remote work,...

Dominion Financial Services, a Baltimore-based private lender with products tailored to real estate investors, has launched a third-party origination program for mortgage brokers, according to an announcement on Thursday. “This marks a significant milestone in the company’s commitment to expanding its reach and fostering partnerships within the real estate investment industry,“ the company said in...

Ginnie Mae on Thursday released a new term sheet for its proposed Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) offering, which is an additional program that the company and reverse mortgage industry alike have referred to as “HMBS 2.0.” Last month at a National Reverse Mortgage Lenders Association (NRMLA) event, Ginnie Mae acting president Sam Valverde indicated that the term...

The great state of Texas may not be the first place that comes to mind when it comes to buying waterfront real estate, but a little town near Austin has been judged as the best one for it. That’s according to a new study from Virtual Staging AI, which named Lakeway, Texas, as the best location in the country for buying a waterfront home. Lakeway sits just west of Austin in the Hill Country and rests...

Taking a similar approach to Judge Patti B. Saris, who is overseeing the Nosalek suit, New York-based Magistrate Judge Robert W. Lehrburger has decided to stay the March and Friedman commission lawsuits. Both suits were filed in federal court in New York City and accuse real estate industry players of colluding to artificially inflate real estate agent commissions. There are roughly three dozen...

Global credit rating agency DBRS Morningstar this week assigned a “good” rating to Longbridge Financial, reconfirming the ranking the company first achieved in 2021. The rating is officially classified as “MOR RVO2” by Morningstar. The agency noted that in 2023, Longbridge acquired or originated more than 6,500 reverse mortgages for more than $1.1 billion in volume. Home Equity Conversion...

Some houses attract celebrities like a magnet. But very few boast a history of famous past owners that can compare to the roster of this secluded, 3.2-acre Malibu compound. The house’s list of past owners reads like a Hollywood’s “who’s who”: Grease star and four-time Grammy Award winner Olivia Newton-John lived here in the 1980s and early 1990s. Legendary actress and two-time Academy...

Including a full outdoor dining set for under $100. Better Home & Gardens / Francesca Fasciglione Target, how we love thee. Colorful, functional, and always friendly on the wallet, the retailer’s outdoor furniture section never fails to make our days and transform our porches and patios. From upgrades to full overhauls, elevating our outdoor spaces has never been easier—especially now,...