Iconic ‘Home Alone’ House Sold for $5.5 Million
Discover the sale of the iconic 'Home Alone' house for $5.5 million, highlighting market trends and investment potential for private lenders.
WaFd Bank Halts Home Mortgage Lending, Citing Unsustainable Model
WaFd Bank, a Seattle-based lender with over a century of experience, has announced its exit from the single-family mortgage lending market, as revealed in its earnings report.
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.