Wells Fargo’s Q4 earnings fall short as mortgage profits decrease.
Wells Fargo reported $5.36B in Q4 net income, falling short of forecasts despite increased loan volume and reduced severance costs, raising concerns for lenders.
Existing home sales reach a three-year peak.
U.S. existing home sales increased 5.1% month-over-month, reaching 4.35 million, while inventory dropped 18.1%, signaling a tightening housing market.
Lesley Shea of The Agency Discusses Impactful Marketing Strategies
Discover how a former C-suite marketing executive leverages $100M listing strategies to transform everyday home sales in the competitive real estate market.
Rithm Capital Launches $250 Million Preferred Stock Offering
Rithm Capital raises $250 million through Series F preferred stock at 8.75%, aimed at supporting investments and corporate objectives following significant acquisitions.
Lower Acquires Acopia Home Loans to Enhance Southeast Presence
Lower has acquired Acopia Home Loans, enhancing its footprint with 14 new branches and 36 originators, bolstering a $425 million annual mortgage volume in the Southeast.
TILA and RESPA Compliance Framework for Private Mortgage Investment Firms
Private mortgage investment firms that service consumer-purpose notes inherit full TILA and RESPA compliance obligations with every acquisition, regardless of the note's origin. This guide covers the five core areas every compliant servicing framework must address - loan classification, written policies, servicing transfers, borrower communications, and loss mitigation.
Private Lending’s 2025 Tech & Compliance Roadmap
Federal regulators are reshaping private lending technology requirements for 2025. Learn what CFPB, OCC, and FTC guidelines mean for private mortgage note servicers — and seven steps to build compliant, competitive operations before mandates solidify.
SERHANT. expands into Massachusetts with launch in Boston.
SERHANT. expands its East Coast presence with a new office in Boston, attracting over 15 agents and marking a significant milestone for the firm.
Declining mortgage rates contribute to stable new home sales
New home sales surge to 737,000, reflecting an 18.7% annual increase. Declining mortgage rates near 6% contribute to improved market conditions for private lenders.
RESPA Compliance for Affiliated Business Arrangements in Seller Financing
RESPA's Affiliated Business Arrangement rules apply directly to seller-financed private mortgage notes. Learn the three compliance requirements - written disclosure, free consumer choice, and bona fide service payments - and how AfBA violations put note enforceability at risk.