Fitch downgrades — then upgrades — FOA issuer default rating

Credit rating agency Fitch announced this week that its long-term issuer default rating for Finance of America was downgraded to “restricted default” status following its recently publicized debt exchange plan. The rating was then upgraded to “CCC” following the completion of the exchange agreement.
Read MoreTwo years after fleeing to the suburbs, homebuyers have flocked back to cities

The COVID-19 pandemic impacted the housing market like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse. That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides dat
Read More38% of early voters say housing affordability influenced their pick for president

Among voters who cast their ballots by Nov. 1, 38% said that the issue of housing affordability impacted their choice in the presidential contest, according to new survey data released this week by Redfin. The survey was conducted by Ipsos within an extremely narrow time frame of 24 hours on Oct. 31
Read MoreWhat a Trump victory would mean for antitrust enforcement

When it comes to what a possible Kamala Harris or Donald Trump victory in the presidential election means for the future of antitrust enforcement in the real estate space, lawyer and industry analyst Rob Hahn may have said it best. “Nobody knows anything,” Hahn wrote in the Nov. 1 edition of his Not
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