Increase in ARMs Considered by Purchase and Refinance Applicants, MBA Reports
Mortgage applications declined 4.7%, with refinancing down 8%. Increased ARM share suggests changing borrower preferences amid stable mortgage rates.
Veterans in the industry establish consultancy firm Alloy Advisors
Amit Kulkarni and Russ Cofano have launched a consultancy firm aimed at assisting financial organizations in growth and modernization strategies.
Flueid introduces an upgraded title verification platform.
Flueid will showcase its platform at ALTA ONE, providing live demo appointments and previews of innovative AI features for private lenders.
Mortgage Rates Remain Unchanged Amid Ongoing Government Shutdown
Mortgage rates hold steady despite political turbulence in Congress over government funding, providing a moment of stability for private lenders navigating the market.
Texas Housing Inventory Increases as Sellers Reduce Prices
Texas sellers are adapting to increased inventory and slower sales, utilizing strategies to ensure their listings stand out in a competitive market.
Second Prosecutor Resists Trump’s Pressure to Indict Letitia James for Fraud
Discover insights on Elizabeth Yusi's legal experience and the implications of recent pressures related to mortgage fraud cases in this detailed analysis.
Recent Report Reveals 15% Cancellation Rate for Home Purchase Agreements
Home purchase agreements saw a significant cancellation rate, highlighting potential market volatility. Discover insights impacting private lenders' strategies.
Kansas City Fed Chair Supports Prudent Strategy Regarding Interest Rates
Kansas City Fed Chair Jeff Schmid supports the recent rate cut, but indicates that a conservative approach to further easing is necessary, signaling stability ahead.
One in Three Homes Purchased with All-Cash Sales in Recent Report
Discover the leading states for all-cash home sales, highlighting trends that may influence private lenders in today's market dynamics. Explore the data now.
Utah Mortgage Licensing Standards Prompt Discussion on Potential Reforms
Utah's private lending licensing landscape faces scrutiny over strict regulations, posing challenges for lenders navigating Mortgage Entity and PLM requirements.