Truist posts $1.45B securities loss, agrees to sell $7.7B loan portfolio.
Truist posts $1.45B securities loss and plans sale of $7.7B LightStream unsecured loan portfolio; mortgage balances rose — implications for private lenders
Northern Virginia listings increase 31% as home sales decline 7.5%.
Northern Virginia listings rose 31% as sales fell 7.5% and median price climbed; private lenders should note higher inventory and modest pricing resilience
Mortgage-bond hedging increases pressure on the Treasury market.
Mortgage MBS hedging could magnify Treasury volatility as rising rates extend mortgage duration—implications for private lenders' rate and liquidity risks.
Compass sues CRMLS and pledges to cover agents’ fines.
The complaint alleges that agents and brokers are being hit with fines up to $2,500 for conducting public marketing of listings outside the multiple listing system even when sellers have provided written direction authorizing that marketing. The filing frames the practice as punitive enforcement [...]
Real, Compass and SERHANT add teams; Baird & Warner selects COO.
Christie’s International Real Estate’s expansion in New Jersey signals a deliberate push deeper into high-end regional markets, reinforcing its global luxury brand within a diverse state market. The move broadens brokerage reach across affluent suburban and coastal corridors, likely increasing supply-side activity at the [...]
Florida home sales decline 3.5% as condo inventory remains elevated.
High condo inventory, easing single-family sales and rising closings signal shifting demand. Private lenders may target bridge financing, face resale risk.
Lennar begins construction on 1,000-unit downtown Las Vegas redevelopment.
Lennar broke ground on a 70-acre central Las Vegas project with 1,000 homes; phased vertical build planned, creating substantial private lending prospects.
M&T mortgage banking revenue increases 19% as CRE lending expands.
M&T reported a 19% rise in mortgage banking revenue and $1.6B growth in CRE loans, expanding commercial lending opportunities for private lenders. Trends
Clearinghouse CDFI Obtains $100 Million Treasury-Backed Bond Allocation.
Clearinghouse CDFI secures $100Mn Treasury-backed bond allocation to fund long-term lending in underserved and affordable housing markets; private lenders.
First Horizon sells $4.5 billion mortgage portfolio at a discount.
Bank refocuses mortgage origination toward core relationship clients, signaling tighter referral flows and partnership opportunities for private lenders...