Virginia Home Sales Remain Stable Despite Increase in New Listings
Virginia's median sales price rises to $430,000, reflecting market stability as new listings surge, presenting opportunities for private lenders.
CrossCountry Mortgage Updates Conforming Loan Limit to $819,000
CrossCountry Mortgage increases its conforming loan limit to $819,000, enhancing options for prospective homebuyers before upcoming FHFA adjustments.
Baltimore initiates a $6.2 billion housing redevelopment project.
Public funding commitments of $1.2 billion aim to attract an extra $5 billion from private lenders, enhancing investment opportunities in the mortgage sector.
MLSs Consider Independence from Realtor Associations
Industry executives at CMLS expressed concerns that associations may lose relevance unless they articulate their value beyond traditional MLS services.
DOJ to Advance with Letitia James on Mortgage Fraud Case
Justice Department continues to advance investigations surrounding mortgage fraud involving notable cases, highlighting ongoing scrutiny in the real estate sector.
Beverly Hills Estate Sold for $48 Million, Leading August Home Sales
Explore the record-breaking luxury real estate market where homes sold for over $25 million, with highlights including a $48 million Beverly Hills estate.
Forecast Predicts a 10% Increase in Electric Heating Costs This Winter
Average household gas bills are expected to rise, signaling potential impacts on housing affordability and energy costs. Explore implications for private lenders.
loanDepot contests class-action lawsuit regarding LO compensation regulations
loanDepot seeks dismissal of a Maryland class-action lawsuit claiming violations of loan officer compensation rules and borrower steering, citing lack of concrete injury.
Key Insights on Mezzanine Loans for Informed Lenders
Explore how mezzanine loans enhance private lenders' engagement in real estate by providing additional financing options beyond traditional senior debt.
Flyhomes exits real estate brokerage to focus on wholesale lending strategy.
Flyhomes will cease its real estate brokerage operations, transitioning agents to The Real Brokerage, marking a significant shift in its business model.