Mortgage Delinquencies Remain Steady, Indicating Underlying Stress Factors
U.S. mortgage delinquencies remain steady at 3%, yet increasing foreclosure rates indicate mounting challenges for borrowers in the current economic landscape.
CrossCountry Appeals Court Order in Gallo Mortgage Fraud Case
CrossCountry Mortgage is taking legal action to lift a court order that halts its arbitration claim against Christopher Gallo, pursuing a $2.1M bonus recovery.
FTC Cautions Rental Software Companies About Price Transparency Issues
FTC targets rental software firms for inadequate fee disclosures, raising concerns about consumer harm and potential legal repercussions for non-compliance.
Blue Owl Allocates $2.5 Billion to Point’s Home Equity Investment Platform
Palo Alto's Point secures new capital to enable $10 billion in Home Equity Investments, expanding opportunities for private lenders in the market.
Michael Burry forecasts significant growth for Fannie and Freddie after IPOs.
Investor Michael Burry, renowned for forecasting the 2008 financial crisis, reveals significant investments in Fannie Mae and Freddie Mac, raising industry concerns.
Hometap Raises $50 Million to Enhance Homeowner Solutions
Hometap secures $50M to strengthen homeowner-focused solutions, addressing financial challenges while maintaining manageable monthly expenses for borrowers.
Mortgage Rates May Rise Even with a Federal Reserve Rate Cut
Federal Reserve's anticipated interest rate cut may not lead to lower mortgage rates; possible increases may arise based on Powell's policy signals.
Mortgage Credit Availability Increases in November
Mortgage credit availability increased by 0.7%, reaching its highest level since 2022, primarily fueled by adjustable-rate mortgages and cash-out refinances.
HUD suspends changes to homelessness program due to ongoing lawsuits.
Explore a longstanding program dedicated to assisting unhoused individuals through vital services like childcare, job training, counseling, and transportation.
Corcoran affiliate reveals significant acquisition in New Jersey
Corcoran Sawyer Smith achieved over $590 million in volume through 815 transactions, showcasing strong performance in the competitive real estate market.