Median Sale Price of Luxury Homes Hits $1.31 Million
Active luxury home listings rose 5.6% year-over-year in December, indicating a slowdown in market growth as median sale prices reach $1.31 million.
Where Investor Statement Errors Come From in Private Lending
Investor statement errors in private lending usually come from data handoffs. When payment data passes through spreadsheets, accounting software, and email before it reaches a statement, each handoff can introduce a wrong interest figure, a miscategorized late payment, or a late report. Moving to one source of loan data removes the handoffs.
Supreme Court Resolves Emigrant Bank’s 15-Year Dispute Over Jury Award
A $722,000 jury award for reverse redlining remains upheld after the Supreme Court rejects Emigrant Bank's appeal in a significant NYC mortgage case.
NAVICA and Restb.ai Collaborate on AI-Enhanced MLS Listings
Discover how Restb.ai's solutions enhance NAVICA's listings, enabling private lenders to automate processes seamlessly without the need for additional tools or vendors.
PennyMac faces scrutiny following a 33% decline in stock value after earnings.
PennyMac's Q4 earnings fell short of expectations, leading to a 33% decline in stock value and the launch of a shareholder rights investigation.
Hosting a Virtual Open House in the Current Real Estate Market
Optimize your listings to attract more buyers and enhance social media marketing, while providing sellers with increased convenience and exposure.
Longbridge Introduces AI Voice Agents for Reverse Mortgage Services
Longbridge Financial enhances reverse mortgage servicing with AI voice agents, offering round-the-clock support and improving borrower engagement and efficiency.
FHFA Advances New Credit Model Amid Resistance from GSEs, Says Housing Policy Council
The HPC found that the FHFA mandated Fannie and Freddie to endorse VantageScore 4.0, highlighting tensions in credit scoring methodology amidst regulatory changes.
Newrez Drives Profit and Servicing Expansion for Rithm Capital
Rithm Capital reported earnings of $567.2M, driven by strong performance from Newrez in originations, servicing, and non-QM production.
Spreadsheets or Servicing Software? A Review Checklist for Private Lenders
Spreadsheets can run a small private note portfolio, but they do not enforce calculation rules, keep a reliable audit trail, or reconcile on their own. This checklist helps a lender judge whether the current setup still fits. It covers calculations, reconciliation, audit trail, investor access, staff time, and who maintains each piece.