REIT Executive Charged with Falsifying Income on Mortgage Application
A REIT executive's indictment for income misrepresentation highlights risks in mortgage applications, emphasizing the need for diligent underwriting practices.
Home Purchase Demand Remains Strong Despite Mortgage Rates at 6.7%
30-year conforming mortgage rates remain over 6.7%. Despite this, housing market activity shows resilience with an uptick in pending sales and purchase demand.
VA finalizes partial claim program and cancels proposed payment hike.
The VA issued updates on partial claims and loss mitigation, limiting caps to 25% UPB, with a 180-day implementation period for private lenders.
Onity secures approval for modified reverse MSR sale to FOA.
Onity Group Inc. secures regulatory approval to transfer reverse mortgage servicing rights to Finance of America, enhancing market positioning and service efficiency.
Connecticut Enacts Legislation for Private Listing Networks
Connecticut SB 340 mandates public marketing for 1-4 unit property listings, allowing sellers to opt-out, impacting private lenders' listing strategies.
Gitcha Incorporates Buyer Listing Service into Momentum MLS
Momentum MLS will integrate Gitcha's buyer demand data, providing western Arizona agents with insights into verified needs alongside property listings.
Century 21 Americana Broadens Its Presence in Montana
Century 21 Americana expands its presence beyond Arizona and Nevada, enhancing its growth strategy throughout the western U.S. for private lenders.
Rocket Pro Power Play Introduces Tech Contest and Pricing Incentives
Rocket Pro launches the Big Pitch contest with a $100,000 prize, offering up to 100 bps purchase credits and cash-out refinance relief for private lenders.
Mortgage Rates Shift Focus from Labor to Inflation Concerns
Markets have moved from anticipating two to three rate cuts to factoring in a potential 2026 hike, driven by stronger job growth and elevated oil prices.
Clint Szubinski Appointed Chief Operating Officer at Dream Finders Homes
Dream Finders Homes has appointed Clint Szubinski as COO, enhancing leadership as the builder expands across the Southeast, Mid-Atlantic, and Midwest markets.