Increasing mortgage rates diminish builder confidence.
Rising mortgage rates near 7.25% dampen builder sentiment, highlighting the need for rates in the 6-6.5% range to encourage growth in the housing market.
Clear Investment Group Purchases Multifamily Complex in Washington, D.C.
"Clear Investment Group expands its portfolio with the acquisition of a multifamily complex in DC, emphasizing growth opportunities for private lenders."
A&D Mortgage Purchases Wholesale Origination Business from Mr. Cooper
A&D Mortgage's acquisition enhances its broker network, now exceeding 8,500 partners, signaling growth opportunities in the wholesale mortgage space.
FHA Revises Loss-Mitigation Waterfall in Updated Mortgage Servicing Guidance
FHA extends COVID-19 recovery options to assist stakeholders with new loss mitigation and claims requirements, providing essential time for adjustment.
RE/MAX Reports 13.3% Increase in Year-Over-Year Home Sales
New listings increased by 7.5% compared to last year, indicating potential growth opportunities in the housing market for private lenders.
GSEs postpone implementation of proposed ‘bi-merge’ credit transition.
The GSEs confirmed their transition timeline aligns with the retirement of the Classic FICO model, impacting private lenders and credit evaluations moving forward.
A&D Mortgage Purchases Mr. Cooper’s Wholesale and Correspondent Divisions
Mr. Cooper employees affected by transitions will have a chance to join A&D Mortgage post-transaction, fostering talent continuity in the mortgage sector.
Supreme Court Rules Against TikTok, Affirms U.S. Ban Enforcement
The Supreme Court's ruling allows a TikTok ban to proceed, impacting ByteDance's ownership. This decision could influence technology lending landscapes and investments.
Southern Nevada Real Estate Outlook: Predictions for the Coming Years
Explore the promising landscape of the Southern Nevada real estate market, revealing new opportunities for private lenders amidst changing economic conditions.
Biden Administration Files Lawsuit Against Greystar in Real Estate Sector
FTC sues Greystar for misleading tenants with undisclosed fees, driving rents beyond advertised prices. Implications for rental market transparency examined.