Alternative data expands private mortgage underwriting beyond FICO scores by incorporating non-traditional payment histories, automated bank statement analysis, public records, and property performance metrics — giving hard money and private lenders a more complete view of borrower creditworthiness.
Alternative data gives hard money and private lenders the evidence base their borrowers actually need: rent payment history, utility records, cash flow analytics, and property condition signals that FICO scores miss.
Florida's single-family home prices are on the rise, with a median sales price of $420,000, reflecting a 1.8% annual increase. Explore more insights.
Second amended complaint against Zillow adds eXp Realty, alleging steering towards Zillow Home Loans and increasing named plaintiffs to 12. Key developments for private lenders.
New York Comptroller Thomas DiNapoli advises investors to oppose eXp's plan to reincorporate from Delaware to Texas at the upcoming annual meeting.
The SEC's proposed rise in qualified client thresholds alters performance fee eligibility, impacting fund managers and high-net-worth investor access significantly.
NAREB initiates an eight-city bus tour to tackle the disparities in Black homeownership, highlighting a significant gap compared to white families.
Realty of America reports 9,374 transactions totaling $3.82B across 22 markets, with 3,100 agents and future expansions on the horizon for private lenders.
Foreclosure filings reflect rising trends, with one in 1,211 housing units experiencing this issue. Stay informed on key market shifts that impact lending.
Navigating loan defaults requires careful decision-making. Understand the implications of workouts versus foreclosure or litigation to protect your investment effectively.
