New Fannie and Freddie Rules Transform Condo Transactions for All Parties
Fannie Mae and Freddie Mac update condo project standards, enhancing insurance flexibility and reserve funding requirements, impacting conventional financing eligibility.
Mortgage Applications Increase 1.0% While Rates Remain Around 6.6%
MBA reports a 1.0% increase in mortgage applications, driven by a 3% rise in refinancing, while purchase applications dipped 1%. Xactus' index down -10.38%.
Analyzing the Disconnect Between Mortgage Rates and Oil Prices
Explore the disconnect between declining oil prices and persistent mortgage rates, as the 10-year Treasury yield remains elevated, affecting private lenders.
Ryan Serhant Expands His Brokerage Operations into Texas
Ryan Serhant's brokerage expands into Texas, marking significant growth beyond New York. Explore the implications for private lenders in this dynamic market.
Study Indicates Americans Prefer Homebuying to Renting for the First Time
Survey reveals a significant increase in Americans viewing homeownership as a valuable investment, indicating a shift towards buying over renting. Explore more.
Home Sales in Alabama Increase by Nearly 12% Year-Over-Year
Foreclosures surged 37.5% year-over-year in May, though still below pre-pandemic levels, highlighting evolving market dynamics for private lenders.
Boomer Foster Establishes Paul Wesley Real Estate Brokerage
Private lenders should note that Boomer Foster has launched Paul Wesley Real Estate, achieving nearly $250M in production in VA, MD, and DC with around 30 agents.
Mortgage Rates Approach 6.8% Amid Increasing Fed Rate Hike Expectations
Recent shifts in sentiment reveal growing expectations for a rate hike this year, impacting private lenders and the broader housing market landscape.
Builders Anticipated Undersupply; Demand Now Influences Market Dynamics
Fragmented supply and rising demand shape the housing landscape. Insights from the latest report reveal ongoing challenges for private lenders in a shifting market.
Investor Participation in Home Buying Remains Consistent
Investor activity in home purchases remains stable, with a slight year-over-year increase. Discover insights into this trend's implications for private lenders.