BofA and Citi anticipate slower growth as mortgage business weakens.
Bank of America and Citi have reported decreased mortgage production, indicating potential ongoing challenges for private lenders in the current market landscape.
HomeServices of America appoints Chris Kelly as CEO, succeeding Blefari.
Former CEO Gino Blefari has stepped down to become chairman emeritus, signaling a shift in leadership and strategic direction for the company.
Security Properties Purchases Seattle Apartment Complex for $34.7 Million
Security Properties expands its portfolio in Greater Seattle, now owning 29 assets with over 6,500 units, signaling strong market engagement and growth potential.
RealReports Teams Up with MLS Now to Enhance AI Property Tool Access
MLS Now collaborates with RealReports, providing members access to an AI tool for real-time property analysis and data aggregation to enhance decision-making.
End of the COVID-19 Loss Mitigation Waterfall Protocol
FHA flags concerns over prolonged COVID-era loss mitigation tools, highlighting potential financial risks to the MMI Fund that private lenders should consider.
Pennsylvania Real Estate Commission Exonerated in Antitrust Lawsuit
Former PAR President W. Preston Moore has a deadline to amend his lawsuit against NAR and PAR, potentially impacting private lenders and industry standards.
Insights from the DRE on Private Money Transactions
Explore how Article Five of California's DRE Regulations governs private money transactions, focusing on fund pooling, reporting thresholds, and investor advertising.
Major Banks Face Mortgage Challenges, Anticipate Deregulation Benefits
Mortgage production at leading banks faces ongoing pressure, raising concerns for private lenders about future market trends and opportunities in a shifting landscape.
Washington State Lawmakers Evaluate Proposed Increase to Property Tax Limit
Property tax changes in Washington State could lead to increased foreclosure risks. Explore the implications for private lenders and the housing market.
Asheville Resubmits Action Plan to HUD Following Initial DEI Rejection
Asheville has revised its post-Helene action plan to obtain HUD recovery funds after the initial proposal was rejected, highlighting ongoing funding challenges.