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Since the implementation of mandatory buyer broker agreements via the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement, many have wondered what happens if a buyer breaches a contract.  Jeff Lichtenstein, the broker-owner of Florida-based Echo Fine Properties, found out when his firm entered into arbitration with a […]

Last week, the Mortgage Bankers Association (MBA) and 14 other trade groups representing insurance companies, lenders and other financial institutions urged Congress to approve a long-term reauthorization of the National Flood Insurance Program (NFIP). In a letter to congressional leaders dated Dec. 2, the organizations said that millions of U.S. homeowners depend on the federally

Both stocks and bonds lost ground on Monday. This pushed mortgage rates up near their highest levels in just over 3 months (because mortgages are based on bond prices).  To put the 3-month highs in perspective, today’s rates are right in line with those seen 2 weeks ago. When we see a larger-than-average shift in