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.
9 Investor Reporting Practices for Private Mortgage Lenders Who Want to Scale
Nine investor reporting practices — monthly remittance packages, trust reconciliation, delinquency aging, waterfalls, and permissioned portals — that turn a single-investor private mortgage shop into a scalable capital platform.
11 Deed-in-Lieu Steps Every Private Lender Must Execute Correctly
A deed in lieu of foreclosure lets a defaulted borrower transfer property to the lender without court action—but only when every procedural step runs in the right order. This guide maps all 11 steps from hardship documentation through post-transfer disposition, with the exact risks of skipping each one.
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.