Facing the challenging mortgage market, Peer Street and its 14 affiliated debtors needed to raise capital to stay afloat. Learn how they sought out venture capital and ultimately filed for Chapter 11 bankruptcy protection. Read on to find out the secrets behind navigating a difficult financial landscape.
Logan Mohtashami, real estate and mortgage industry expert, examines why new home sales have increased 20% YoY despite existing home sales dropping 20%. Learn how this trend will affect private lenders in the near future.
"A shocking investigation uncovered that ACI Worldwide & ACI Payments processed $2.3 billion in unauthorized mortgage payments from nearly 500,000 homeowners serviced by Mr. Cooper. Get all the details from this mortgage industry expert on this groundbreaking news."
"The housing market is in trouble, according to the latest existing home sales numbers. One key gauge, Days on Market, is at a dangerously low level, suggesting a grim outlook. With no apparent end in sight, private lenders need to be aware of the current state of the market."
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"17 housing organizations are calling on the FHFA to grant more time for the bi-merge credit transition to address existing difficulties. Get the full story from a Mortgage Industry expert about the implications for private lenders."
Mortgage application demand rose 0.5% from the prior week, while demand for purchase mortgages dropped 32% from last year. Private lenders must confront a challenging lending environment as key housing markets continue to face inventory shortages and rising prices.
Get the latest news and insights on the single- family rental market and the implications for private lenders.
"Housing starts and permit applications both rose in May at the highest rate since 2016, signifying a strong response from builders as consumer demand for housing increases. See the data to find out why the outlook for the housing industry is so positive."
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