5 Default Servicing Mistakes Private Lenders Make With Their Notes
5 Default Servicing Mistakes Private Lenders Make With Their Notes — a guide for private lenders navigating private mortgage note servicing.
Mortgage Applications Decrease 2.3% as Interest Rates Reach High Sixes
Mortgage applications declined by 2.3% as the 30-year fixed rate increased to 6.56%, with the purchase index seeing a notable 4% drop.
Down Payment Levels Reach Lowest Point in Four Years
Explore the decline in down payments as the housing market shifts towards buyers, highlighting implications for private lenders and market dynamics.
Lamacchia Realty Achieves 68% Growth Despite Market Slump
Lamacchia Realty reports impressive 68% transaction sides growth, according to RealTrends Verified's GameChangers rankings, highlighting a significant market trend.
April Sees 2.4% Decline in New-Home Purchase Applications Year Over Year
New-home purchase applications decline year-over-year as elevated rates lead buyers to favor FHA and VA loans for financing options.
Two Harbors Postpones Shareholder Vote on CCM Deal Amid UWM Competition
Two Harbors Investment Corp. has postponed its stockholders' meeting to allow additional time for voting on the proposed sale to CrossCountry Mortgage, amidst competition from UWM Holdings.
Redfin Early Access Introduces Pre-Market and Upcoming Listings
Redfin enhances its offerings with Early Access listings from both its Coming Soon and Compass brands, potentially increasing inventory by 12%, benefiting private lenders.
The Clear Cooperation Policy is replaced by the MRED model.
CCP stays intact while MLS enforcement weakens as MRED grows. Compass reduces Zillow feeds, and Zillow responds with an antitrust lawsuit.
HUD Audit Indicates Potential Depletion of Some HECM LESA Accounts
HUD OIG audit reveals 1,237 HECM borrowers could exhaust LESA funds six years early, risking up to $258 million. Insights essential for private lenders.
KBW identifies UWM’s strong position amid market challenges.
KBW maintains a market perform rating on UWM at $4.50, highlighting its 9% market share and significant 45% broker share, with in-house servicing set for October.