Rental inflation Has Cooled in Ireland in Early 2024

Based on new data from Daft.ie, market residential rents rose by an average of 0.6% in the first quarter of 2024. While this marks the thirteenth consecutive quarter in which rents nationwide have increased, the increase between December and March is the smallest in that run. The average open-market rent nationwide in the first quarter of the year was €1,836 per month, up 4.9% year-on-year. The decline...

To emphasize flood insurance costs, senator cites reverse mortgage borrower

With flood insurance premiums commanding ever-higher prices, a U.S. senator recently described a hardship faced by a constituent who endured challenges with higher flood insurance costs while keeping a reverse mortgage in good standing. The Federal Emergency Management Agency (FEMA) implemented a new flood insurance pricing methodology in late 2021 called “Risk Rating 2.0,” which was designed to...

Reverse mortgage volume, securities issuance improve further in May

Building on momentum seen in April, reverse mortgage volume and securities issuance each posted gains in May, with a caveat in place about the runway ahead from case number assignments in April. Home Equity Conversion Mortgage (HECM) endorsements increased by 16.9% to 2,460, while HECM case numbers remained relatively flat compared to April, which could result in a scenario that interrupts a recent...

NAF subsidiary launches map tool for intel on cash homebuying trends

NAF Cash, a subsidiary of multichannel mortgage lender New American Funding (NAF), announced on Tuesday the availability of a tool called NAF Cash Maps that aims to offer data on trends related to all-cash home purchases. “The data is derived from information collected by real estate data provider MMI, MLS data, and public records, enhanced with NAF Cash data engineers’ detailed work and...

Serene Smith leaves COO role at RE/MAX

More executive changes are afoot at franchise real estate brokerage RE/MAX. Serene Smith, the chief of staff and chief operating officer at RE/MAX Holdings, has transitioned to a non-executive, part-time role at the brokerage. RE/MAX will no longer have a principal operating officer and Smith’s responsibilities will be absorbed by other executives, the company disclosed Friday in a filing with the...

Attempted Graceland sale exposes title, mortgage fraud tactics

Seller impersonation fraud has reportedly risen significantly over the years, and one such fraudster attempted to cash in by facilitating a fraudulent sale of Graceland, the famous Memphis, Tennessee, home owned by the late Elvis Presley. But while a fraud attempt targeting such a famous structure and family would easily make national news, the vast majority of title theft and mortgage fraud schemes do...

Where does Whoopi Goldberg live? The historic home lover’s New Jersey digs

We all know Whoopi Goldberg as an iconic actress with an impressive roster of nostalgic films. The 68-year-old EGOT winner has crossed over from the big to the small screen effortlessly, bringing her magnetic personality to daytime television.  Being a host on The View made her a household name, but few people know of her achievements beyond her actress/talk show persona. On top of her long-spanning...

In Brookline, MA, a stately $24.5M mansion has a storied past, an Olympic-sized pool, and a 60-foot underground tunnel

Minutes from Boston, in the coveted Country Club section of Brookline, Massachusetts, a remarkable architectural gem has resurfaced on the market with a hefty price tag. The sprawling Grand Georgian Revival Estate set at 333 Lee Street, priced at a whopping $24.5 million, is currently the second most expensive home for sale in the Boston suburb — surpassed only by a double-lot, Warren St. mansion set...

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