Study Reveals Average Buyer’s Agent Commission at 2.37% in Q4
Discover insights on buyer's agent commissions, with an average of 2.17% for luxury homes, highlighting trends crucial for private lenders in the market.
Optimal Blue Introduces Seven New Mortgage Products Today
Optimal Blue introduced innovative products at its user conference, enhancing tools for private lenders to optimize their mortgage technology and streamline operations.
Customer Service Demonstration by ICE
Enhance mortgage servicing efficiency with ICE Customer Service, offering structured customer info for swift issue resolution and improved agent performance.
Cornerstone Capital Bank introduces a division for community lending.
Cornerstone Capital Bank is launching a new division aimed at addressing homeownership challenges in underserved communities across 45 states.
U.S. Home-Price Growth Slows Amid LA Wildfires Impacting Market Recovery
Last year's home-price growth was the weakest in over a decade, influenced by factors like LA wildfires, shaping the housing market on multiple levels.
Homebuyers increasingly turn to government-backed loans for affordability.
FHA and VA loans accounted for 34% of the mortgage market in 2024, showcasing notable growth from under 30% in 2022, signifying shifting lending dynamics.
Treasury Secretary Bessent Purchases Washington DC Mansion for $12.5 Million
Treasury Secretary Bessent acquires a historic DC mansion, showcasing high-value residential real estate trends relevant for private lenders and market observers.
CFPB Director Bessent directs agency to cease operations.
Acting CFPB Director Scott Bessent halts staff operations in a move impacting regulatory processes, prompting attention from private lenders in the mortgage sector.
Cornerstone Capital Bank Introduces New Community Lending Division
Cornerstone Capital Bank aims to address racial and economic disparities in homeownership through its new community lending division, enhancing access for families.
OCMBC President Serene Vernon Charged with Murder and DUI
Serene Francie Rosenberg, president of OCMBC Inc., faces serious legal charges including DUI and murder, raising concerns in the private lending sector.