Ackman deems GSE stock sale impractical and proposes alternative plan
Billionaire investor Bill Ackman unveils a three-step plan for Fannie Mae and Freddie Mac, declaring a stock offering as unfeasible amidst ongoing industry challenges.
Bright MLS to Incorporate ICE’s Paragon Connect Platform Integration
Agents can efficiently manage property listings and generate comparative market analyses seamlessly on both desktop and mobile devices for enhanced client service.
PHH Mortgage to cease reverse originations and sell MSRs to Finance of America.
Onity Group is divesting $9.6 billion in reverse mortgage servicing rights to Finance of America, marking its exit from the reverse origination sector.
Foreclosure Activity Rises Close to 20 Percent
Tampa, Florida, leads major metros with the highest foreclosure rate, reporting one foreclosure for every 1,373 housing units, impacting private lenders' strategies.
Builder Confidence Holds Steady
Record high price cuts among builders signal shifting market dynamics, with 41% reducing prices, raising implications for private lenders and investment strategies.
Senate Democrats Call for GAO Inquiry into Pulte Homes’ Practices
Senate Democrats urge the GAO to investigate FHFA Director Bill Pulte following criminal referrals involving public figures, raising concerns in the housing finance sector.
Minnesota Property Taxes May Increase by $1 Billion in the Coming Years
Minnesota faces a significant property tax increase that may reach $1 billion, raising concerns for lenders about market stability and investment strategies.
Figure Launches Industry-First Stock Offering Utilizing Blockchain Technology
Discover how Blockchain Stock shares will be issued and settled on the Provenance Blockchain, highlighting innovative solutions in digital asset management for private lenders.
California Home Sales Reach Highest Levels Since Earlier This Year
California's median home price increased to $886,960, signaling potential opportunities for private lenders as home sales reach significant levels.
Report Reveals Nearly Half of Renters Plan to Purchase a Home Soon.
Experian's report reveals that around 60% of current renters possess near-prime or higher credit scores, indicating a potential surge in home buyers.