Keith Griffin

California Gov. Gavin Newsom has signed into law Assembly Bill 1033. It allows accessory dwelling units (ADUs) to be sold separately from the homes they are associated with, in effect creating two- or three-unit condominiums. The bill’s sponsor, Assembly member Phil Ting (D-San Francisco), says the law opens the door to affordable homeownership by allowing these tiny homes, cottages, or casitas to be sold as condominiums. In a press release, he said this continues the momentum of California’s “…

AG Mortgage Investment Trust Inc. (MITT) and Western Asset Mortgage Capital Corporation (WMC) have decided on a slightly different exchange ratio than first announced in June. The change awaits board approval from both sides.

On its website, the company was posting as of Sunday, Nov. 5, “On October 31, Mr. Cooper became the target of a cyber security incident and took immediate steps to lock down our systems in order to keep your data safe. As of Nov. 3 at 5 pm CT, our systems remain locked down, and we are working on a resolution as quickly as possible. For the latest information, please visit https://incident.mrcooperinfo.com.”

The affluent know how to combat high mortgage rates. They simply pay cash. That’s why a new report from Redfin shows luxury home prices rose 9% to the highest third-quarter level on record.

Click n’ Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced Kara Lamphere has joined the organization as chief operating officer.

Patricia L. Cook, the former CEO of Finance of America, passed away from pancreatic cancer on Friday, according to her online obituary. She was 70 years old.

Celligence International, a leading AI company, has successfully implemented Non-Fungible Token (NFT) technology, which was designed and engineered in Puerto Rico, for a unique and secure proof of concept by using it in an invitee experience at its inaugural Diwali party. In a trailblazing move, the company leveraged the immutable nature of blockchain to authenticate and verify entry to this prestigious event at the glamorous Agarwal Home in Dorado, Puerto Rico.

CoreLogic, a global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI) and HPI Forecast for October 2023. It shows U.S. single-family home price growth continued to increase modestly in October, posting a 4.7% year-over-year increase.

Cenlar FSB, a national mortgage loan subservicer, announced that Kelly O’Donnell and Karen Sim have joined Cenlar and Darrin Borell has been promoted. The trio will be directors of enterprise portfolio management and will be responsible for driving and implementing strategic programs across the enterprise.

HMA Mortgage, a 100% referral-based mortgage company based in Pennsylvania, has partnered with Calque to launch The Trade-In Mortgage across 20 states. It is a new buy-before-you-sell program that helps homeowners tap their current home equity to purchase a new home.