Single-Family Housing Starts Increase by 6.4%
Privately-owned housing starts experience a slight decline, indicating potential shifts in market dynamics that private lenders should monitor closely.
Powell’s Comments Lead to Increase in Mortgage Rates
Federal Reserve Chairman Powell's remarks during the Q&A press conference led to an increase in the 10-year yield, impacting mortgage rates significantly.
Boston’s Success Real Estate Closes Operations Suddenly
Broker Steve Webster informed agents that SUCCESS Real Estate is shutting down, with sources citing an alleged embezzlement scheme as the cause.
Oyssey, a new real estate platform, seeks to rival Zillow.
Oyssey seeks to transform the real estate landscape by offering enhanced value to buyers, addressing gaps left by existing platforms like Zillow.
New York State Evaluates Expanding CRA Law to Include Nonbank Mortgage Lenders
New regulation proposes testing for nonbank lenders where loans are originated, not tied to physical branches, impacting the mortgage landscape.
Ginnie Mae report highlights portfolio growth and impact on government earnings.
Ginnie Mae's latest fiscal report highlights strong financial performance, reinforcing its pivotal role in the secondary mortgage market and loan guarantees.
Senate Approves Trigger Leads Bill as Next Step Moves to House
Legislation to limit mortgage credit trigger leads was removed from the Senate's fiscal year 2025 National Defense Authorization Act, impacting private lenders' strategies.
NAR requests dismissal of the antitrust lawsuit against Muhammad.
The lawsuit alleges that NAR and others breached contracts and violated federal civil rights laws, potentially impacting market dynamics for private lenders.
Supreme Court to review TikTok’s challenge against U.S. ban.
Court proceedings are set to accelerate, aiming to address the upcoming law changes before their implementation, impacting private lenders and their operations.
Mortgage Demand Declines for the First Time in Five Weeks Amid Rising Rates
Mortgage applications declined by 0.7% due to reduced refinancing activity, highlighting shifting market conditions that may impact private lending strategies.