Real Estate Highlights and Lowlights from the Week of April 6-10
Home sellers are reducing listing prices significantly, while Kansas faces ongoing property tax relief discussions, and a hurricane-damaged stadium reopens for baseball.
NAR resolves Tuccori homebuyer commission case with $52.25 million settlement.
NAR allocates $52.25M for the Tuccori homebuyer settlement, aiming to address Batton claims and enhance buyer confidence in the housing market.
Mid-Atlantic Region Sees Significant Increase in Property Listings
"Mid-Atlantic housing market sees a 3.7% increase in median sold prices, reflecting rising demand amid a surge in property listings."
First-Time Homebuyers Make Up 21% of the Texas Housing Market
First-time homebuyers represent a significant portion of the Texas housing market, highlighting trends and opportunities for private lenders to consider.
loanDepot and Figure Collaborate on Enhanced Home Loan and Equity Solutions
loanDepot partners with Figure to enhance the 5x5 HomeLoan, offering rapid approvals and funding across all 50 states for private lenders.
Proprietary Reverse Mortgage Volume Surpasses HECM Production for First Time
New View Advisors' latest Proprietary Reverse Mortgage Production Index reveals significant growth in private-label loan products, highlighting evolving market trends.
PAM Appraisal Platform Addresses AMC Fees, Enhancing Lender Control
PAM highlights that lenders can efficiently handle appraisals in-house, reducing costs by 25%-40% and opting for a $99 per-order fee, bypassing AMC markups.
Construction Loan Terminology: Your Servicing Glossary
Construction Loan & Finance Terminology Construction Loan A specialized, short-term financing product designed to fund the building of a new property or significant renovation. Unlike a traditional mortgage, funds are not disbursed as a lump sum but in stages, known as "draws," based on [...]
Better plans $69 million stock raise and sale of UK bank.
Company plans to raise approximately $69 million through the public offering of Class A common stock, enhancing capital for future investments and growth.
Newrez Undergoes Enforcement Action in Washington State for Servicing Issues
The Washington State DFI has charged Newrez with multiple mortgage servicing violations, raising concerns for private lenders about compliance standards.