Homebuyers increasingly turn to government-backed loans for affordability.
FHA and VA loans accounted for 34% of the mortgage market in 2024, showcasing notable growth from under 30% in 2022, signifying shifting lending dynamics.
Treasury Secretary Bessent Purchases Washington DC Mansion for $12.5 Million
Treasury Secretary Bessent acquires a historic DC mansion, showcasing high-value residential real estate trends relevant for private lenders and market observers.
CFPB Director Bessent directs agency to cease operations.
Acting CFPB Director Scott Bessent halts staff operations in a move impacting regulatory processes, prompting attention from private lenders in the mortgage sector.
North Dakota Considers Expanding Homestead Property Tax Credit Legislation
North Dakota lawmakers aim to enhance the homestead property tax credit, offering potential financial relief for qualifying residents in need.
Mortgage Rates Hold Steady Amid Tariff Uncertainty
Analyst Logan Mohtashami examines the impact of recent tariff announcements on mortgage rates, highlighting key developments and market reactions.
Homeowners Allocate Approximately $24,000 Annually to Non-Mortgage Costs
Discover how homeowners associations impact finances, with residents paying an average of $3,077 annually—significant for lenders assessing borrower costs.
Cornerstone Capital Bank Introduces New Community Lending Division
Cornerstone Capital Bank aims to address racial and economic disparities in homeownership through its new community lending division, enhancing access for families.
Trump appoints Treasury Secretary Scott Bessent as acting CFPB director.
CFPB appoints Scott Bessent as acting director, impacting regulatory oversight in the mortgage industry. Key updates for private lenders to monitor closely.
Announcing the Honorees of the Tech100 Mortgage Awards
Discover how the Tech100 Mortgage award highlights leading tech companies driving innovation and transformation in the mortgage industry for private lenders.
OCMBC President Serene Vernon Charged with Murder and DUI
Serene Francie Rosenberg, president of OCMBC Inc., faces serious legal charges including DUI and murder, raising concerns in the private lending sector.