Splitero broadens home equity investment options to four additional states.
U.S. homeowners possess $35 trillion in home equity, often constrained by low mortgage rates and stringent income criteria, presenting challenges for private lenders.
UWM files lawsuit against Two Harbors over unsuccessful merger, seeks $500M+
United Wholesale Mortgage has filed a lawsuit against Two Harbors Investment Corp., alleging breach of merger agreement and fraud amid a competing deal with CrossCountry Mortgage.
TPG Mortgage Investment Trust Acquires Cherry Hill Mortgage for $117.5M.
TPG Mortgage Investment Trust forms via acquisition of Cherry Hill forming a $9B residential mortgage portfolio—strategic implications for private lenders.
ENRG Realty Provides Nationwide Health Insurance for Real Estate Agents
ENRG Realty provides nationwide agents with immediate access to medical, dental, and vision plans, eliminating waiting periods and annual enrollment constraints.
KBW Designates Ellington and Longbridge as Outperformers Following Strong Q2 Earnings
Analysts at Keefe, Bruyette & Woods project a favorable outlook for Ellington Financial and its reverse mortgage arm, Longbridge Financial, post Q2 earnings.
Douglas Elliman Reduces Q2 Losses Amid AI Overhaul Launch
Douglas Elliman reported improved financial results, signaling a positive outlook for the real estate industry, which may benefit private lenders seeking opportunities.
Home Equity Reaches $18 Trillion Amid Rising Delinquencies and Foreclosures
Homeowner equity hit $18T, with July prices rising 1.5%. However, delinquencies also climbed to 3.55% in June, indicating market shifts.
TPO GO Leaves Wholesale Channel to Partner with Stockton Mortgage
Alliance's recent transition on August 10 involves relocating most TPO GO wholesale staff to Stockton, maintaining a focus on operational efficiency without stock or asset sales.
MITT to Acquire Cherry Hill, Establishing $9 Billion Residential Mortgage REIT
TPG Mortgage Investment Trust Inc. is set to acquire Cherry Hill Mortgage Investment Corp. in a cash-and-stock transaction valued at approximately $117.5 million. This strategic move will establish a robust $9 billion residential mortgage REIT platform, enhancing market presence and operational synergy.
Borrowers Place Greater Trust in AI than in Mortgage Professionals
Research indicates that 50% of buyers trust AI as much or more than humans for personalized plans, revealing an opportunity for private lenders to enhance client safety.