Distinguishing the buy before you sell model from iBuyers and Power buyers.
Looking to buy a home without selling your current one first? Learn about Buy Before You Sell (BBYS) products and how they can simplify the process.
Expert tips for navigating non-QM and private lending complexities
Discover how non-QM lending can offer private lenders a more tailored loan program. Gregory Meola, managing director of Acra Lending, discusses the complexities and benefits, and how technology can streamline the process.
Rising Lock Volume Suggests Housing Market Stabilization: Optimal Blue
Increase in lock volume for private lenders: December to January saw a 36% surge, fueled by a significant 38% rise in purchase lock volume. Gain insights from industry expert.
NAR’s Stance: Cooperative Compensation Benefits Consumers
Private lenders can find interesting information about cooperative compensation in the mortgage industry. NAR believes this outcome was unsupported and driven by erroneous rulings.
Mr. Cooper achieves $500M profit and responds to Yellen’s concerns on nonbanks
As a mortgage industry expert, my role is to provide informative summaries of industry news. Here's an SEO meta description for private lenders seeking relevant information: "Insight into Performance: Higher interest rates in 2023 led to growth, especially in servicing business, making it valuable for private lenders."
Housing affordability lingers at historically low levels, reports NAHB.
Discover the state of affordability in the housing market as only 37.7% of new and existing homes sold in Q4 2023 were deemed affordable for median-income households. Valuable insight for private lenders.
Dissimilarities between Q4 housing credit data and 2008 are striking
Discover how the landscape of housing credit has significantly changed since 2005-2008, as outlined in the insightful Federal Reserve Quarterly Report on Household Debt and Credit. Gain valuable insights for private lenders.
Colorado reverse mortgage professional finds success with shifted radio outreach.
Discover how a strategic shift to radio helped Bruce Simmons enhance his reverse mortgage business, providing compelling insights for private lenders.
Fannie Mae expounds on adjustable rate mortgages for manufactured homes, extends cash-out refinance term.
Stay up-to-date with the latest changes in the mortgage industry. February Selling Guide now includes updated ARM rates and extended cash-out refi term for manufactured homes. Important information for private lenders.
Study Reveals Disparities in Homeownership Rates Between Blacks and Whites
A data study by LendingTree reveals racial disparities in homeownership, with Black people owning only 10.15% of homes nationwide while Whites own 69%. Explore the findings here.