Growth in Commercial and Multifamily Mortgage Debt Observed in Q2
Commercial and multifamily mortgage debt rose to $4.88 trillion, with multifamily loans increasing to $2.19 trillion, indicating steady growth in the sector.
Challenges in Mortgage Compliance Impact 60% of Lenders
Survey reveals 60% of organizations grapple with mortgage compliance issues, while two-thirds report discrepancies in monthly loan payments, highlighting industry challenges.
Effective Cold Calling Scripts for Real Estate Lead Generation and Tools
Discover 11 effective real estate cold calling scripts to enhance client engagement and foster meaningful conversations in the competitive market.
Florida Sees Significant Increase in Pending Home Sales
Explore trends in Florida's real estate market, including a slight decrease in home prices alongside a notable increase in pending sales, impacting lending strategies.
Homebuyer Files Lawsuit Against Zillow for Alleged Deceptive Practices
Homebuyers allege deceptive practices against Zillow, seeking class-action status and compensation of up to $25,000 per person in this emerging case.
Mortgage rates approach 6% as forecasted outlook improves.
Mortgage market outlook signals improvement as rates decrease. Bank of America highlights rising buyer optimism, with 75% anticipating lower prices and rates ahead.
REX requests Supreme Court to review its antitrust lawsuit.
REX appeals to the Supreme Court after exhausting legal options, seeking review of antitrust claim dismissals that could impact market dynamics for private lenders.
California Wildfire Victims Gain Mortgage Protection Under New Bill
California's new legislation offers up to 12 months of mortgage relief for homeowners affected by wildfire, aiding recovery and rebuilding efforts post-firestorms.
OceanFirst Withdraws from Mortgage Sector, Transfers Origination to Embrace
OceanFirst Bank will exit mortgage origination and collaborate with Embrace Home Loans to enhance financing options for its customers, a company spokesperson stated.
Fannie Mae forecasts mortgage rates will reach 6.4% by the end of 2025.
Fannie Mae's ESR group adjusts its real GDP growth projections for 2025 and 2026, now estimating 1.5% and 2.1% growth on a Q4/Q4 basis.