Nearly half of US households faced rising home insurance costs.
Florida's home insurance rates are the highest in the nation, averaging $7,136, highlighting significant challenges for homeowners and private lenders alike.
Rocket Companies Faces Lawsuit Over Allegations of Mortgage Steering
Lawsuit alleges Rocket Companies profited by exploiting home buyers' vulnerabilities, raising concerns about ethical practices in mortgage lending.
Rocket Companies and Redfin Preview Super Bowl Ad Featuring Lady Gaga
Rocket and Redfin's Super Bowl ad showcases Lady Gaga performing Mister Rogers' theme, emphasizing the importance of home and community connection in lending.
Mortgage Rates Hold Steady Before Fed Meeting Amid Spring Housing Focus
Federal Reserve policymakers conclude a two-day meeting, with mortgage rates stable in the low-6% range, signaling minimal short-term market changes for lenders.
Better Secures $175 Million Warehouse Credit Facility Renewal
Better has renewed its $175M warehouse credit, reducing equity requirements and aiming for $1B in monthly originations, enhancing operational capacity for growth.
Investors criticize CoStar’s ineffective board and unrealistic Homes.com goals.
Third Point calls on CoStar to overhaul its board following a $3 billion loss and a 27% drop in stock value, while reevaluating Homes.com strategy.
ACES Quality Management Purchases BaseCap Analytics
ACES Quality Management has acquired BaseCap Analytics, enhancing its enterprise software with advanced data quality automation and validation features for improved decision-making.
HighTechLending launches second-lien loan to utilize home equity.
HighTechLending introduces a second-lien home equity product that operates similarly to a credit card, offering flexibility for borrowers and private lenders.
Rocket Companies Faces Class-Action Lawsuit Over Alleged Steering and Price Inflation
Rocket Companies faces a class-action lawsuit, alleging that Rocket Mortgage improperly guided consumers to unfavorable loan products, raising concerns for private lenders.
Jason Mitchell Group Expands Referral Network with LitFinancial Addition
The Jason Mitchell Group's high referral volume showcases its influence in the mortgage market, driving significant closed sales for private lenders.