Risk Levels in Southern and Western Housing Markets are Increasing
Explore the riskiest counties for private lenders, revealing a concentration in California and Florida, with notable rankings in New Jersey and Louisiana.
Trump Enacts Legislation Prohibiting Trigger Leads in Mortgage Industry
President Trump signed the Homebuyers Privacy Protection Act, prohibiting trigger lead abuse nationwide. This law impacts privacy practices in mortgage lending.
REMAX Premier Purchases Five Compass Offices in Chicago
RE/MAX Premier expands its footprint by acquiring five Compass offices on Chicago’s North Shore, bolstering its presence in the competitive real estate market.
Uncertainty Surrounds the VA Partial Claim Program
President Trump signed the VA Home Loan Program Reform Act, introducing a partial claim option to enhance loss-mitigation strategies for veterans.
Job Growth Slows, Indicating a Cooling Economic Landscape
Economists suggest August’s employment data may prompt the Federal Reserve to reduce interest rates, potentially influencing private lending strategies.
Migration Declines Due to Rate Lock-In and a Softening Job Market
Explore how current migration trends are impacting the housing market, as Bank of America Institute reports a notable decline in movement compared to pre-pandemic levels.
HUD restricts Section 184 tribal loan program for non-permanent residents.
HUD has updated residency rules for the Section 184 Indian Housing Loan Guarantee program, now excluding non-permanent resident aliens from eligibility.
Multifamily Mortgage Lending Sees a 17% Increase
More than half of active lenders issued five or fewer multifamily loans annually, indicating a shift in lending strategies within the multifamily sector.
Click n’ Close Offers 5/1 ARM with Down Payment Assistance for New Homes
Explore the SmartBuy 5/1 ARM Down Payment Assistance program, which combines a first mortgage with a repayable second mortgage to enhance affordability for homebuyers.
Reverse mortgage production metrics declined in August.
"Despite a steep drop in August endorsements, wholesale sponsors such as Longbridge and Finance of America played a key role in stabilizing market volumes."