FinCEN’s AML rule reshaping title processes — and buyer behavior
A sweeping new anti-money laundering rule from the Financial Crimes Enforcement Network (FinCEN), took effect this week, introducing new reporting obligations for certain residential real estate transactions. The regulation, effective March 1, expands federal oversight into parts of the real estate
Negative jobs report keeps mortgage rates calm amid surging oil prices
Oil prices are surging and mortgage rates are roughly flat so far today. It has been a crazy day in the bond market: the 10-year yield first went lower after the jobs report, then Trump posted that the goal in Iran is “ultimate surrender,” which sent the 10-year yield higher with oil prices over $90
The condo queen: How a Miami broker closes $1B+ a year
On paper, Maile Aguila’s story reads like a fairy-tale version of the American dream: After 30 years of hard work, a daughter of 1960s Cuban exiles sells $1 billion worth of Miami condos in a single year for a multi-national developer. Then she partners with The Agency, one of the buzziest luxury re
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