Proposed Legislation to Permit Use of College Savings for Home Down Payments
A proposed bill aims to enable homebuyers to utilize unused college savings for down payments, potentially enhancing affordability and market access.
New Jersey’s Average Property Tax Bill Reaches a Record High of $10,570
New Jersey's property tax landscape shows only 21 towns with stable or declining bills, highlighting growing financial pressures for homeowners.
Annual Increase in Foreclosure Activity Continues for Eleventh Consecutive Month
Foreclosure filings are increasing, with one in every 3,547 housing units affected. Discover the implications for private lenders in the current market landscape.
Senior Home Equity Surges While Trump Opposes Price Reductions
Housing wealth for homeowners aged 62 and older rose 1.9% to a historic $14.66 trillion, highlighting growth in the senior housing market and potential lending opportunities.
Consumer group files lawsuit against Unison over misleading home equity claims.
Unison, a prominent home equity investment provider, is being sued by the National Association of Consumer Advocates for allegedly misleading marketing practices.
New Rezzie Marketplace Introduces Off-Market Investment Properties
Rezzie bridges the gap between investors and wholesalers, providing analytics and buy box tools to facilitate targeted deal matching for off-market properties.
Slight Improvement in Homeowner Affordability Observed in California
California's homeowner affordability sees a slight uptick, with 28% of households now able to afford a typical condo/townhome, indicating improving market conditions.
Jobs Data Exceeds Expectations, Yet Mortgage Rates Remain Unchanged
Normal job creation levels are now viewed as significant wins, contributing to a decline in the unemployment rate to 4.3%, highlighting economic stability.
The Evolution of Private Mortgage Agreements: Navigating Compliance and Risk
The Evolution of Private Lending Agreements: Adapting to New Realities in Private Mortgage Servicing The landscape of private lending has undergone a dramatic transformation over the past two decades. What was once often characterized by handshake deals and relatively simple promissory notes has evolved [...]
Pennymac to Acquire Cenlar, a Major Subservicing Company, for $257.5 Million
Pennymac's inaugural M&A deal enhances its mortgage servicing portfolio, acquiring 2 million loans and surpassing $1 trillion in unpaid principal balance.