WaFd Bank Halts Home Mortgage Lending, Citing Unsustainable Model
WaFd Bank, a Seattle-based lender with over a century of experience, has announced its exit from the single-family mortgage lending market, as revealed in its earnings report.
Increasing mortgage rates diminish builder confidence.
Rising mortgage rates near 7.25% dampen builder sentiment, highlighting the need for rates in the 6-6.5% range to encourage growth in the housing market.
Realtor.com Reports Increase in HOA Fees Across Various Home Types
According to a recent Realtor.com report, nearly 40% of for-sale listings featured HOA dues, highlighting a slight increase in property-related costs.
CFPB Reports Homeowners by Rivers and Creeks Face Higher Flood Insurance Risk
Over 400,000 homes in the Southeast and Southwest may face flooding underinsurance, impacting risk assessments for private lenders. Read more.
MBA Introduces Undergraduate Course at Cleveland State University
Undergraduate course on residential mortgage origination and processing enhances industry knowledge, benefiting private lenders and aspiring professionals.
Insurance Pricing Uncertainty Following Wildfires
As wildfires persist in the LA region, private lenders should assess potential impacts on insurance costs and rebuilding expenses in their financial strategies.
Rocket Launches Initial Phase of Its Rebranding Efforts
Rocket Companies has updated its brand identity to unify its various entities, aiming for a cohesive look and feel that enhances recognition across its services.
CFPB reports over 400,000 mortgages potentially underinsured for flood risk.
The CFPB's report reveals that numerous mortgaged properties in the southeast and central southwest may lack adequate insurance coverage, posing risks for lenders.
Analysis Reveals the Weakest Housing Market for Growth
Florida's housing markets faced significant growth challenges, highlighting potential opportunities and risks for private lenders in the region.
Danielle Dowell discusses strategies for creating a successful real estate team.
Join host Tracey Velt as she converses with Danielle Dowell from The DoWell Group about innovative strategies and insights in the private lending sector.