Understanding CCPA Compliance: Key Consumer Rights for Private Lenders
Understanding CCPA compliance is crucial for private lenders as California privacy laws evolve, impacting how personal and sensitive information is handled.
Lawsuits Allege Hometap Breached TILA in Home Equity Investment Agreements
Hometap faces lawsuits claiming its home equity investment contracts were misclassified to bypass federal and state mortgage regulations, raising legal concerns.
Increase in mortgage applications driven by rising purchase demand
Mortgage applications saw a slight uptick of 0.04% last week, driven by a rise in purchase demand while refinance activity diminished, according to MBA data.
Reverse Market Insight Enhances Loan Qualification Tool with Smartfi Products
RMI's expanded Reverse Qualifier models Smartfi Choice proprietary reverse loans, offering detailed tracking for proceeds, costs, and comparisons with HECMs.
Seniors own a record portion of housing wealth, yet the mortgage system falters.
Homeowners aged 62+ command $14.66 trillion in equity, outpacing those 40-54. The need for standardized income verification in underwriting is highlighted.
The Key Advancement in the ROAD Housing Bill: Supply, Not the Investor Ban.
The ROAD to Housing Act enhances access to factory-built housing and initiates an FHA pilot for affordable mortgages, addressing low-cost market needs.
Partnership Aims to Provide 4,000 Affordable Housing Units in Los Angeles
A new partnership aims to convert the former LA World Trade Center into "Sky Castle," delivering 4,000 affordable housing units across Los Angeles.
AI-Generated Listing Videos: The Disclosure Standards Agents Require
Agents utilizing AI-generated listing videos must disclose any simulated footage and material edits, as new regulations in states like California emphasize transparency.
April Home Price Activity Shows Mixed Results in New Data Reports
House prices show minimal decline month-over-month but exhibit a modest annual increase, revealing mixed trends important for private lenders' strategies.
NYC to Reach Out to Luxury Property Owners Regarding New Pied-à-Terre Tax
Luxury property owners in NYC face new financial implications with the introduction of the Pied-à-Terre tax on high-value residential assets. Read more.