Signs point to an extended decline in mortgage rates

Mortgage rates continued to recede during the past week, with the market anticipating a Federal Reserve rate cut next month and the U.S. economy showing signs of weakening.At HousingWire‘s Mortgage Rates Center, the 30-year conforming loan rate averaged 6.66% on Wednesday. That was 11 basis points (

Brewers Owner Accused of Using Public Malibu Beach as ‘Personal Sandbox’ by Fellow Billionaire Neighbor: Lawsuit

Dylan Buell/Getty Images; Court DocumentsThey’re fighting for every last grain of sand.Two billionaires are duking it out in court after one accused the other of stealing piles of sand from a public California beach.Milwaukee Brewers owner Mark Attanasio has been gussying up his Malibu mansion with

The Carmel-by-the-Sea Home Where Clint Eastwood Lived While Mayor Lists for $21 Million

Murray Close/Sygma/Sygma via Getty Images; Courtesy of Sherman Chu for Tim Allen PropertiesIn the 1980s, the famed actor and director Clint Eastwood spent two years as mayor of Carmel-by-the-Sea, a small California vacation community. Now the century-old home where he lived during that stint is comi

FHA proposal would modernize communications with defaulted borrowers

The Federal Housing Administration (FHA) on Wednesday published a new proposed Mortgagee Letter (ML) that offers an early look at policies designed to expand contact options with mortgage borrowers who are in default.Published on FHA’s Single Family Drafting Table — an online portal where proposed U