IMBs Experience Increased Profitability in Third Quarter
Independent mortgage banks demonstrate stronger profitability as production revenue exceeds increasing costs, signaling resilience in the mortgage sector.
Elsafy Team joins Keller Williams in Wisconsin, recognized by RealTrends Verified
Team closes 126 units valued at $80 million, following 132 units and $78 million in the previous year, showcasing strong performance in the market.
Rocket Pro Introduces DSCR Product Amid Recent Market Changes
Rocket Pro's new DSCR loan product evaluates eligibility based on the property’s income rather than personal income, offering flexibility for private lenders.
Canadians Continue to Move to the U.S. Amid Industry Headlines
Canadians are increasingly investing in U.S. real estate, attracted by favorable returns, diverse mortgage options, and enhanced landlord protections.
Lisa Cook Defends Against Fraud Claims, Asserts No Intent to Defraud
Criminal referrals lacked thorough investigation, raising concerns among private lenders about potential legal implications and due diligence practices in lending.
REX requests the Supreme Court to revisit its case for consideration.
REX has filed a petition with the Supreme Court seeking a review of the denial of its certiorari writ, potentially impacting private lending practices.
NAR Delegates Vote Against Referral-Fee Disclosure Rule’s Transparency
NAR’s Delegate Body has rejected an amendment for Realtors to disclose referral fees, impacting transparency and ethical practices in the real estate market.
Mortgage Rates Stabilize Amid Growing Debate Over Fed Rate Cuts
Mortgage rates average 6.38% as pending home sales rise by 15% year over year, prompting markets to anticipate potential cuts from the Fed.
FEMA’s Acting Chief David Richardson Steps Down
Richardson's appointment as Administrator follows Hamilton's dismissal, signaling potential shifts in leadership and priorities within the Department of Homeland Security.
The Rise of Mortgage Defects and Their Increasing Importance
Mortgage loan defects increased for the second consecutive quarter, primarily due to cash-out refinances and rising eligibility challenges for borrowers.