The owners of two side-by-side homes on Straws Point Road, purchased for a combined $33.5 million in recent years, plan to demolish both structures and build a new oceanside estate. Longtime Rye residents Mary Lou and Peter LeSaffre are seeking town approval to demolish their multimillion-dollar residences. In December 2022,…
Continue reading →HousingWireHousingWire Data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending Jan. 17 show mortgage applications increased 0.1% from a week earlier on a seasonally adjusted basis. On an unadjusted basis, applications increased by 3% compared with the previous week. The refinance index decreased 3%…
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Continue reading →HousingWireHousingWire Property management company Evernest announced on Wednesday its largest acquisition to date. The company will acquire tech-enabled property management platform Poplar Homes alongside $15 million in growth-centered funding. The acquisition follows more than 30 made by Evernest since the company arrived on-scene in 2008. Adding Poplar Homes establishes Evernest…
Continue reading →HousingWireHousingWire The Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program has long been positioned by reverse mortgage professionals as a viable path for expanding the base of reverse mortgage business. It would allow older homeowners to use a reverse mortgage to purchase a new home. While the required down…
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