Ohio Effort to Eliminate Property Taxes Fails to Obtain Ballot Signatures
Efforts to abolish property taxes in Ohio face challenges as signature collection falls short; proponents aim for the next ballot opportunity.
Home Equity Withdrawals Hit Highest First Quarter Level in Five Years
Average second-lien HELOC rates have become notably appealing, potentially impacting lending strategies amidst rising home equity withdrawals.
Mortgage and Real Estate Compete for Primary Market Positioning
Discover how mortgage and real estate companies are adapting to persistently high interest rates by pursuing market share growth through mergers and acquisitions.
Darren Macri Appointed President of the Passive House Network Board
Darren Macri has been appointed Board President of the Passive House Network, advancing energy-efficient building practices. Explore the implications for private lenders.
Ex-New Jersey Mayor Receives Sentencing in Mortgage Fraud Case
Former mayor sentenced in mortgage fraud, ordered to pay restitution of $221,986.71 to victims. Discover the implications for private lending.
Realtracs prolongs Zillow listing feed beyond initial June 8 deadline.
Realtracs confirms Zillow listing distribution endures beyond June 8. Licensing discussions ongoing, allowing brokers to utilize MLS GRID exports effectively.
ICE Mortgage Monitor: Home Equity Lending Rises Due to Lock-in Effect
In Q1, equity withdrawals reached $47B, with second liens at $25B. Refinance-incentivized buyers dropped to 1.8 million in May, signaling market shifts.
Two Delays Shareholder Vote and Seeks All-Cash Offer from UWM
Two Harbors Investment Corp. has postponed a shareholder meeting to vote on its proposed acquisition by CrossCountry Mortgage LLC, impacting future strategies.
California Settles with Select Portfolio Servicing for $4.6 Million
SPS agrees to pay $1.6 million in civil penalties and $3 million in restitution for borrowers affected by its practices, pending court approval.
Alternative Strategies to the 1031 Exchange for Budget-Conscious Investors
Explore a cost-effective strategy for private lenders: utilizing a "poor man’s 1031 exchange" to leverage cost segregation and accelerated depreciation for tax deferral.