Mortgage Rates Exceed 6.75% Amid Ongoing Inflation Uncertainty
30-year conforming mortgage rates average 6.77%, while jumbo loans at 6.75%, reflecting hawkish Fed messaging and rising 1-year inflation expectations at 3.7%.
Former Florida Appraiser Receives 20-Year Sentence for Bank Fraud
Ex-Florida appraiser Amos Mazzant III sentenced to 20 years for bank fraud. Explore the implications for private lenders in maintaining integrity in valuations.
Gen Z Achieves Record Mortgage Rate Lock Share in Second Quarter
Generation Z made significant strides in the housing market, locking 20% of home purchases in Q2, highlighting their growing influence despite affordability issues.
Could a $475 Compass Fee Trigger a New Wave of Real Estate Litigation?
A Florida lawsuit examining a $475 Compass transaction fee underscores increasing scrutiny post-NAR settlement, with attorneys anticipating similar cases ahead.
Historic LA Estate Casa Encantada Sold at Auction Amid Foreclosure Battle
Explore the intriguing auction of Casa Encantada, a renowned LA estate entangled in foreclosure, sold for $130 million, attracting significant buyer interest.
Mike Kortas Establishes evoLend as a Mortgage Servicing Start-Up
Tammy Richards is appointed CEO of evoLend, set to function as an independent entity, marking a significant shift in the mortgage servicing landscape.
FOA acquires Onity’s reverse mortgage assets, adding $5.2 billion in UPB.
FOA will acquire Onity's reverse mortgage loan pipeline, marking Onity's exit from the reverse mortgage origination sector, reshaping industry dynamics.
Lawsuits Allege Hometap Breached TILA in Home Equity Investment Agreements
Hometap faces lawsuits claiming its home equity investment contracts were misclassified to bypass federal and state mortgage regulations, raising legal concerns.
NYC to Reach Out to Luxury Property Owners Regarding New Pied-à-Terre Tax
Luxury property owners in NYC face new financial implications with the introduction of the Pied-à-Terre tax on high-value residential assets. Read more.
Non-QM Originations Set to Reach New Post-Crisis Highs Soon
Non-QM production is projected to rise significantly, reaching $175 billion by 2026, indicating strong growth potential in the market for private lenders.