Online lender accused of using unlicensed LOs faces consequences
Summary: LoanSnap faces temporary cease and desist order from Connecticut's Department of Banking due to unlicensed mortgage origination activity. Important news for private lenders.
Upward Movement in Mortgage Rates Expected Prior to FOMC Gathering
Mortgage rates stabilize near narrow range observed in recent weeks, offering a steady environment for private lenders seeking opportunities.
Yet another homeowners’ insurance company exits California.
As an industry expert, I provide clinical summaries of news. The Hartford, State Farm, and Allstate have decided to stop offering new homeowners' insurance policies in California from February. Learn more about this development.
Decreased Profits and ROI Experienced by Sellers in 2023 Home Sales
Discover the latest trends in the mortgage industry: the median home price rose by 2.1% from 2022, reaching a record annual high of $335,000. Learn more here.
Marriott Bonvoy brand to expand apartments across three countries.
Discover the growth plans of the Apartments by Marriott Bonvoy brand in Detroit and St. Louis - an intriguing opportunity for private lenders. Explore more at Weekly Real Estate News.
December Sees Decrease in Median Asking Rents
Renters find relief as rental prices decrease in December, according to Danielle Hale, Realtor.com's chief economist. Stay updated with Weekly Real Estate News.
FHLBank San Francisco’s $1 Million Tribal Nations Program Launched
As a mortgage industry expert, I provide valuable insights on the latest news. FHLBank San Francisco's $1 Million Tribal Nations Program aims to allocate grant dollars based on Native American population in Arizona, California, and Nevada. Discover more at Weekly Real Estate News.
Expect a Rise in Condo Communities Anticipated for the Future
Community associations play a significant role in the U.S. housing market, with over 30% of housing stock represented. Check out the forecast for an increase in condo communities by 2024.
Fannie Mae enhances HomeReady program with $2,500 temporary credit
Discover how the latest steps by the GSE have strengthened best efforts commitments on HomeReady, providing valuable insights for private lenders.
Increase in Funding towards Affordable Multifamily Properties
Strategies for private lenders: Learn how multifamily developers are attracting investments to build more affordable apartments and address housing affordability challenges.