UpEquity Secures Warehouse Facility from Silicon Valley Bank and Setpoint
Funding will enable $1 billion in originations over two years, as confirmed by a press release, highlighting growth opportunities in the private lending sector.
Rithm completes non-QM securitization with a $500M debt issuance.
Rithm Capital has successfully closed a $504 million securitization of nonqualified mortgages, serviced by its subsidiary Newrez, highlighting market strength.
Pandemic Effects on Housing Affordability: Surprising Locations Revealed
Rising housing costs are impacting areas beyond coastal cities, affecting affordability in unexpected markets. Explore the shifting landscape of housing trends.
Bing Crosby’s Northern California Estate Sold for $25 Million Discounted Price
Discover the unique architectural charm and investment potential of a historic French chateau in Hillsborough, now available at a reduced price of $25 million.
Mortgage Rates Steady While Housing Market Remains Resilient
Mortgage rates remain steady, yet positive indicators such as increased housing supply and a strong job market suggest stability and growth in the sector.
Opendoor agrees to pay $39 million to resolve pricing algorithm lawsuit.
Investors have filed a lawsuit against Opendoor, alleging that the company misrepresented its pricing algorithm, potentially impacting private lenders' strategies.
Smaller Down Payments Driven by Increased Use of FHA and VA Loans
Home prices increased 1.4% year over year; however, the deceleration in growth is leading to decreased down payment amounts for buyers.
Implications of Housing Inventory Trends for Homebuyers and Sellers
Understanding the impact of housing inventory on home prices is essential for private lenders, aiding buyers and sellers in making informed decisions.
Rising Costs Are Penalizing Homeownership for Millions, Reports First American
Housing cost burdens for borrowers have increased, rising from 19.8% to 20.3% of household income, signaling potential challenges for private lenders.
Conversion of Office Space to Residential Use Initiated on DC Property
Explore the transformation of a prime DC office building into modern apartments, highlighting trends in urban redevelopment and opportunities for private lenders.