LPT Realty set to go public after parent files IPO paperwork

LPT Aperture Holdings, the parent company of LPT Realty and Aperture Global Real Estate, has confidentially submitted a draft registration statement to the Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock, the company announced on Thursday. Th

Chris Gallo enters guilty plea in federal mortgage fraud case

Christopher Gallo, once one of the nation’s top mortgage loan officers, has pleaded guilty to conspiracy to commit bank fraud in a federal court in New Jersey, according to court filings reviewed by HousingWire. Gallo entered the guilty plea to count one of the indictment — conspiracy to commit bank

Mortgage Rates Rise for Fourth Straight Week, Hitting 12-Month High

The continued summer slowdown in the housing market could see an uptick in transactions before fall, but economists are pointing to an array of economic and geopolitical headwinds that could possibly drive mortgage rates even higher as the spark.  The average 30-year fixed mortgage rate (FRM) rose a

Retired Homeowners Need To Start Spending Their Nest Egg—and The Best Investment Is Your House 

Most homeowners spend decades saving for retirement.  However, when the time finally comes to quit working, many are afraid to spend their savings.  In fact, Corebridge Financial’s decumulation survey found that 38% of retirees have spent less than they wanted during their nonworking years. And that