Title Insurance Premiums Reach $4.5 Billion in Second Quarter
Title premium volume has increased 13.2% year-over-year, with insurers disbursing $336 million in claims, highlighting a strong market for private lenders.
MISMO Introduces AI Glossary for the Mortgage Finance Sector
MISMO's new AI glossary provides essential terminology updates for the mortgage finance sector, crucial for private lenders navigating technological advancements.
Connecticut Provides Free Tool for Assessing Climate Risks to Properties
Discover how Connecticut's free risk mapping tool is helping assess climate threats to properties, a crucial resource for private lenders today.
Five states file lawsuits against Zillow and Redfin regarding $100M rental deal.
Attorneys general in Virginia, Arizona, New York, Connecticut, and Washington initiate lawsuits mirroring the FTC's actions, impacting private lending practices.
Explaining Business Purpose and Consumer Loans
Understanding the key differences between business purpose and consumer loans is essential for private lenders to assess risk, compliance, and borrower eligibility effectively.
Jay Bray Appointed CEO of Rocket Mortgage Following $14.2B Mr. Cooper Deal
Mr. Cooper will be rebranded as part of Rocket, with CEO Jay Bray stepping into the role of president and CEO at Rocket Mortgage, signaling significant industry consolidation.
Government Shutdown’s Significant Impact on the Housing Industry
Government shutdown may disrupt approximately 1,400 home sales daily, creating uncertainty in the market and impacting private lenders' strategies.
Supreme Court postpones decision on Lisa Cook’s role at the Federal Reserve.
Lisa Cook maintains her position as a Federal Reserve Governor pending Supreme Court hearings on her potential removal, impacting economic policy and lending decisions.
Zillow alleges CoStar is using litigation to stifle competition.
Zillow seeks a pre-hearing conference to discuss its motion to dismiss a lawsuit and transfer the case to Washington, signaling strategic legal maneuvering.
UWM Reduces Title Fees for Refinance Borrowers
UWM enhances cost efficiency for refinance borrowers by refining its TRAC+ title review and closing alternative, streamlining the process and reducing expenses.