Sub-Servicer News; Upcoming Training; State-Level Changes

Facebooktwitterlinkedin

Posted To: Pipeline Press

Gotta hand it to Vancouver. The city has gained a reputation as a place for foreign buyers – primarily Chinese – to buy housing and park their money…even if they don’t intend on living there. Now foreign buyers will face an additional 15% property transfer tax beginning this week. The Wall Street Journal reports that, “The benchmark price for a detached Vancouver home increased 39% to nearly $1.2 million in June from a year earlier.” What kind of lesson does that teach first-time home buyers? What do they know that we don’t? BlackRock Fund Advisors lowered its stake in PennyMac Mortgage Investment Trust (NYSE:PMT) by 4.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,561,656 shares of the company’s stock after selling 105,861 shares during…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Facebooktwitterredditpinterestlinkedinmail
Show Buttons
Hide Buttons