Investor Restrictions for Single-Family Homes Enforced by ROAD Act
New legislation restricts institutional investors owning 350+ homes from acquiring more single-family residences, while allowing exceptions for build-to-rent projects.
Major Banks Exceed Second Quarter Mortgage Origination Projections
Big banks outperformed analysts' forecasts in mortgage origination volume, achieving a 32% average increase from the previous quarter, signaling robust market activity.
MBA Reports Decline in Mortgage Credit Availability in June
MBA's MCAI declined 2% to 105.8 in June, driven by a 4.6% drop in government programs, while conventional lending saw a slight 0.1% decrease.
EquityProtect report highlights growth in deed theft protections and potential gaps.
29 states lack specific deed theft laws, pushing property owners towards broader fraud and forgery statutes, highlighting risks for private lenders.
June Inflation Miss Suggests Rate Hike May No Longer Be Likely
June's CPI rose by 3.5% year-over-year, with a 0.4% monthly decline. Flat inflation trends could diminish expectations for a July rate hike, impacting lending strategies.
Is Kelley Blue Book a competitor for your commission in the industry?
Kelley Blue Book Homes launches home value estimates and connects sellers with vetted agents, enhancing trust in pricing compared to Zillow’s Zestimate.
Governance as the Foundation of Mortgage Transformation, Beyond AI
Larry Bailey, CEO of Mortgage Workflow Partners, emphasizes the importance of workflow governance and process mapping before integrating AI and automation to mitigate risks and enhance ROI.
Closinglock Introduces Payoff Retrieval and Verification Features
Closinglock enhances efficiency by enabling payoff statements and verifications to be returned directly within its platform, streamlining title production integration.
Evolving Relationship Between Mortgage Lending and AI: Insights from Michael Vandi
Explore insights from Addy AI CEO Michael Vandi on mortgage AI adoption and enterprise strategies shaping trust and the future of lending in the industry.
Mortgage Lender Launches New Division Featuring Saunas and Cold Plunges
Discover how a mortgage lender is expanding its services by introducing wellness amenities like saunas and cold plunges, emphasizing the connection between health and wealth.