New York State Achieves Record High for Median Home Sale Price
Closed home sales decreased by 2.3%, highlighting trends that may influence private lenders' strategies and market positioning. Read more about the record median sale price.
First American Reports Continued Weakness in Existing Home Sales
Inventory levels in July were about 20% higher year-over-year, while new listings saw a modest increase of only 5%, indicating a potential supply-demand imbalance.
Hildene Capital Completes $496 Million Non-QM Securitization Transaction
Recent securitization involves a pool of 968 non-QM loans, featuring a weighted average FICO score of 748 and an LTV ratio of 71.03%, attracting private lenders.
Vic Lombardo Appointed President of Mortgage Services at RE/MAX Holdings
Vic Lombardo joins RE/MAX Holdings as President of Mortgage Services, bringing expertise from Guaranteed Rate Affinity to enhance their mortgage offerings.
LeadingRE Expands Preferred Vendor Program to Include AccountTECH
Explore darwin.Cloud by AccountTECH, a platform integrating commission tracking, reporting, and accounting with MLS and transaction data for enhanced efficiency.
Mortgage Rates Gradually Approach 6% Threshold
Housing market dynamics show improving conditions for buyers and sellers. Anticipation of lower mortgage rates may enhance opportunities in the near future.
NAR Responds to Appeal in Eytalis Antitrust Case
Plaintiff Luz de Amor Eytalis appeals the dismissal of her lawsuit, compelling NAR to navigate ongoing antitrust litigation and its implications for the industry.
Warren Buffett Makes Significant Investment in Homebuilders at Berkshire Hathaway
Warren Buffett's Berkshire Hathaway invests close to $1 billion in homebuilders Lennar and D.R. Horton, signaling confidence in the housing market's recovery.
Caliber Home Loans penalized $2.3 million for excess charges to borrowers in California.
Caliber Home Loans faces $1.8 million in penalties and refunds over $550,000 to California consumers for violations, highlighting compliance concerns in lending.
VA Loan Homebuyers Successfully Navigate NAR Settlement Challenges
Recent insights indicate that the NAR settlement has had minimal effects on VA loan buyers, alleviating initial concerns for real estate and mortgage professionals.