Senior Home Equity Surges While Trump Opposes Price Reductions
Housing wealth for homeowners aged 62 and older rose 1.9% to a historic $14.66 trillion, highlighting growth in the senior housing market and potential lending opportunities.
Consumer group files lawsuit against Unison over misleading home equity claims.
Unison, a prominent home equity investment provider, is being sued by the National Association of Consumer Advocates for allegedly misleading marketing practices.
New Rezzie Marketplace Introduces Off-Market Investment Properties
Rezzie bridges the gap between investors and wholesalers, providing analytics and buy box tools to facilitate targeted deal matching for off-market properties.
Slight Improvement in Homeowner Affordability Observed in California
California's homeowner affordability sees a slight uptick, with 28% of households now able to afford a typical condo/townhome, indicating improving market conditions.
Jobs Data Exceeds Expectations, Yet Mortgage Rates Remain Unchanged
Normal job creation levels are now viewed as significant wins, contributing to a decline in the unemployment rate to 4.3%, highlighting economic stability.
Pennymac to Acquire Cenlar, a Major Subservicing Company, for $257.5 Million
Pennymac's inaugural M&A deal enhances its mortgage servicing portfolio, acquiring 2 million loans and surpassing $1 trillion in unpaid principal balance.
Mortgage Applications Decrease 0.3% While FHA and ARM Shares Increase
Mortgage applications dip 0.3%, while FHA and ARM loans gain traction. Refinance activity surges 101% year-over-year, indicating shifting borrower priorities.
Anywhere Real Estate Data Breach Compromises Employee Information
Data breach at Anywhere Real Estate's Oracle EBS exposes sensitive information of 17,429 individuals, including names and Social Security numbers.
Fannie Mae reduces expenses and increases MBS purchases, yielding $14.4B profit.
Fannie Mae's reported profit of $14.4 billion highlights its role in providing $409 billion in mortgage market liquidity and expanding mortgage-backed securities purchases.
YIMBY Law Leader Exonerated of Allegations Regarding California Bar Rules
California's Bar Association clears YIMBY Law's Sonja Trauss of legal misconduct, reaffirming her role as an advocate for housing reform, not a lawyer.