WORD OF THE DAY: Myopic

[mī-ˈō-pik] Part of speech: Adjective Definition: Without foresight or imagination; nearsighted Examples of Myopic in a sentence “She tends to take a myopic view of the future, losing sight of the big picture.” “His myopic eyesight left him unable to even read the street signs, let alone obey them.” About Myopic The difference between people who are myopic and farsighted has been known since the time of Aristotle. But it was Johannes Kepler in

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PRIVATE LENDING VETERANS LAUNCH MORTGAGE FUND

Futures Financial (“Futures”), a nationwide real estate private money lender headquartered in Tustin, California, announced its launch led by industry veterans, Kendra Rommel and David Rosenberg, to focus on creating new lending products for real estate investors, brokers, and developers. Backed by a leading wealth management fund with over $650 million in Assets Under Management (“AUM”), Co-founders Rommel and Rosenberg head up the company to deliver concierge-based, quick-to-close solutions for Bridge, Ground-up Construction, and Long-Term mortgage

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WORD OF THE DAY: Esoteric

[e-sə-ˈter-ik] Part of speech: Adjective Definitions: Understood by or meant for only a select few with special knowledge; belonging to a select few; private; confidential Examples of Esoteric in a sentence “I’d hoped the seminar would attract more viewers, but the information was too esoteric for wide appeal.” “Don’t fill your presentation with esoteric details—stick to the big picture.” About Esoteric Esoteric was originally applied to information kept within a certain inner circle, somewhat

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U.S. FORECLOSURE ACTIVITY SETS POST PANDEMIC HIGHS IN FIRST QUARTER OF 2022

Foreclosure Starts, Bank Repossessions at Highest Numbers in Two Years, But Still Well Below Normal Levels ATTOM, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), the largest online marketplace for foreclosure and distressed properties, released its Q1 2022 U.S. Foreclosure Market Report, which shows a total of 78,271 U.S. properties with a foreclosure filing during the first quarter of 2022, up 39 percent from the previous quarter and

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WORD OF THE DAY: Hermitage

[HER-mih-tij] Part of speech: Noun Origin: Greek, 14th century Definitions: A secluded residence; the home of a hermit Examples of Hermitage in a sentence “We bought our lake home with five acres of land because we needed a hermitage to escape to. “ “While walking through the woods, the kids discovered a hermitage that seemed abandoned.” About Hermitage Hermit, one who lives in seclusion, plus the suffix “-age,” meaning place of living or business, gives you

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Redfin Reports Nearly One-Third of Homeowners Have a Mortgage Rate Far Below Today’s Level, Prompting Some to Stay Put

With mortgage rates surging, some homeowners who would otherwise be selling are staying put, as moving could mean losing their ultra-low rate and getting stuck with a heftier housing bill About half (51%) of U.S. homeowners with mortgages have a mortgage rate under 4%—substantially below today’s level of 5%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. About one-third (32%) of all homeowners—including those without mortgages—have a mortgage rate

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