CHLA Calls for Reform in CFPB Oversight of Independent Mortgage Banks
Small and midsized nonbank mortgage lenders seek relief from the CFPB, citing concerns over its perceived duplicity and questioning its necessity in the industry.
Kiavi secures $300 million in recent RTL securitization effort.
San Francisco lender Kiavi has secured $300 million in capital through a recent securitization, enhancing its position in residential transition loans.
White House Evaluates HUD Programs as Union Leaders Identify Efficiency Goals
HUD leaders express concern, but union representatives see potential for eliminating an inefficient program, signaling possible shifts in mortgage industry practices.
Liberty Reverse parent describes reverse MSRs as a natural hedge.
Liberty Reverse's parent company highlights their reverse mortgage as a "multipurpose tool" and reveals plans for a new private product, enhancing lender options.
Nevada Governor Advocates for Federal Land Release to Address Housing Needs
Washoe County faces a potential shortage of developable land, prompting the governor to advocate for the release of federal land to address housing needs.
Multifamily Developers Share Divergent Perspectives on Market Conditions
Chief Economist Robert Dietz anticipates a downturn in multifamily construction, raising concerns among private lenders about future market stability.
Housing Supply Reaches Five-Year Peak While Demand Falls to Five-Year Low
High housing supply coupled with low demand is affecting purchase agreements, indicating potential shifts in the market landscape for private lenders.
RedKey Realty Leaders Enhance St. Louis Presence by Acquiring Circa Properties
RedKey Realty Leaders merges with Circa Properties in St. Louis, enhancing its agent network to over 230 and strengthening its market presence.
loanDepot introduces two new options for home equity access.
loanDepot has expanded its equityFREEDOM portfolio, enabling nearly 50 million homeowners in the U.S. to access their tappable home equity efficiently.
Typical Homebuyer Pays Approximately 2% Below the Listed Price
Home sales are slowing, with properties taking an average of 56 days to enter contract. Explore the implications for private lenders in the current market landscape.