Senators Warren and Booker urge FTC probe of the real estate marketplace.
Senators seek FTC probe into agent referrals, mortgage steering and private listing practices on major online platforms - implications for private lenders.
PNC’s commercial real estate loans rise 22% as nonperforming credits grow.
PNC's commercial real estate loans hit $37B, with rising nonperforming credits—implications for private lenders' portfolio risk and targeted opportunities.
New-home sales estimate hits lowest pace as applications decline 8.3%.
New-home mortgage applications declined year-over-year and MBA's sales pace weakened to lowest level in years, so indicating cooling demand for construction.
Home asking prices decline as 22% of listings take price cuts.
Private lenders: national asking prices slipped 0.3% year-over-year; 22% of active listings cut prices and pending sales remain near record lows. Risk view
Appeals Court Upholds Ginnie Mae in Reverse Mortgage Collateral Dispute.
Fifth Circuit affirms Ginnie Mae's authority to extinguish lender liens on reverse-mortgage tail balances after issuer default, hitting private lenders now.
Former X CEO Linda Yaccarino Joins Better Board Ahead of Nasdaq Deadline.
Private lenders: Better adds ex-X CEO Linda Yaccarino to board amid governance pressure and softer preliminary revenue signaling strategic and risk shifts.
GSEs tighten income and occupancy standards to lower buyback risk.
Large mortgage lenders are increasingly embedding automated technology into origination and underwriting workflows to surface occupancy risks and income defects at the point of application. Firms are combining bank-transaction aggregation, payroll and tax data feeds, property-level signals such as utility usage and geolocation, and [...]
Community bankers urge federal regulators to harmonize CRA revisions.
Private lenders: misaligned CRA changes may increase compliance costs, shift competitive dynamics, and affect community lending opportunities. Market risk.
Home sellers outnumber buyers by a record 63% as demand weakens.
Sellers outnumber buyers by ~63%, 41 of 50 major metros remain buyer's markets increasing inventory and compressing demand—note impacts for private lenders.
HUD officials outline an action plan to stimulate FHA lending.
Private lenders: insights from MBA Annual on strategies to boost FHA single-family originations, risk management underwriting changes and channel expansion