GTCR acquires majority ownership of Clear Capital.
Scott Happ joins Clear Capital’s board of directors, bringing expertise as an active director and adviser, enhancing strategic guidance for private lenders.
Cape Coral’s Housing Market Experiences Correction, Not Collapse
Agents report that a natural market correction, rather than a collapse, is occurring in a Southwest Florida city, offering insights for private lenders.
HUD Provides Foreclosure Assistance to Flood-Affected Texans
90-day moratorium restricts foreclosures on FHA-insured mortgages in Kerr County's disaster area, providing crucial relief for borrowers facing hardship.
The Role of Flyhomes’ Search Portal in Real’s AI Strategy
The Real Brokerage acquires the Flyhomes search portal, clarifying that it will not engage in competitive portal strategies within the industry.
Capital One to Acquire Discover’s Home Equity Lending Division
Capital One is halting Discover's home equity lending, yet will process ongoing applications, impacting private lenders in the marketplace.
Major MLSs Reach Agreement to Share Data Collaboration
CRMLS, Bright MLS, and Stellar MLS initiate data sharing, enhancing access for 300,000 agents. This collaboration strengthens market insights and efficiency.
Rising Locked Loan Volume Amid Declining Mortgage Rates
Total lock volume rose by 1.95% compared to May, following a decline of 5.87% in April, indicating shifting trends in mortgage lending activity.
Mortgage Rates Decline Slightly, Yet Policy Stalemate Sustains Elevation
Federal Reserve support through lower benchmark rates seems unlikely as traders expect the federal funds rate to hold steady at 4.25%-4.5% this month.
Waltz secures an additional $25M to enhance global real estate investment.
The company aims to enhance its capacity, supporting up to $1 billion in loan volume, responding to increased foreign interest in U.S. real estate.
Skydan Equity Partners Launches ‘Buy Before You Sell’ Initiative
Skydan Group introduces a program allowing homeowners to purchase a new home before selling their current one, addressing market pressures and enhancing flexibility.