New Silver Completes Acquisition of Mayflower Venture Partners
New Silver Lending LLC has enhanced its presence in New England's fix-and-flip and construction lending by acquiring Mayflower Venture Partners.
Mortgage Applications Decline 6.4% as 30-Year Rate Reaches 6.76%
Mortgage applications decreased by 6.4% as the 30-year fixed rate climbed to 6.76%. Refinances dropped 10% while purchase applications fell by 4%.
Senate approves Jay Clayton as DNI, concluding FHFA’s dual leadership role.
The Senate has confirmed Jay Clayton as the new Director of National Intelligence, marking a leadership change in key government roles impacting the finance sector.
Constant Contact Introduces Marketing Platform for the Real Estate Sector
Constant Contact for Real Estate introduces enterprise brand controls, AI tools, and CRM integrations, enhancing efficiency and collaboration for agents.
Foreign Buyers Acquired $45.3 Billion in U.S. Existing Homes, NAR Reports
Foreign buyers acquired $45.3B in existing homes, totaling 67,100 purchases, reflecting a 19.1% decline, highlighting trends in the real estate market.
Do private exclusives benefit sellers or solely shield agent leads?
Alex Vidal of ERA supports private premarketing through Compass, while critics highlight potential drawbacks including limited early exposure and uncertain seller benefits.
Repliers Partners with MLS to Enhance AI Access to Central Texas Market Data
Unlock MLS partners to enhance subscriber access to AI technology, prioritizing data security and efficiency in the evolving landscape of real estate transactions.
Morgan Stanley mortgage team allegedly urged to expedite loans for affluent clients
Morgan Stanley mortgage employees report facing pressure from wealth advisers to approve loans for wealthy clients, raising concerns about underwriting practices.
Fannie Mae Reports $4 Billion Net Income for Second Quarter
Fannie Mae reports a $4 billion Q2 profit, reflecting a 7% increase. Net revenue reaches $7.6 billion, up 4%, signaling positive trends for private lenders.
Pennymac Reduces Lending and Fulfillment Positions in Latest Layoff Round
Pennymac announces layoffs amid challenges in the mortgage sector, reacting to persistent high interest rates ahead of its earnings report.