Pennymac’s profits decline while servicing portfolio reaches $680 billion.
Pennymac's Q1 earnings reflect lower revenue, yet it maintains a substantial servicing portfolio, positioning itself as a key player in the mortgage industry.
CHLA Calls for Congressional Caution on Mortgage Fees in Budget Legislation
As Congress debates budget adjustments, policymakers must carefully consider the impact of increased homeownership fees on borrowers, warns the CHLA.
Essential DIY Photography Tips for Real Estate Agents to Improve Listings
Enhance your real estate photos with DIY tips for cleaner, brighter images. Discover techniques to showcase any space effectively—no professional help required.
Brokerage disclosure forms introduced for compliance with NAR’s Clear Cooperation.
Compliance experts and consumer advocates analyze the implications of new delayed marketing disclosure forms introduced by eXp Realty and Compass for private lenders.
Lender Strategies for Utilizing Down Payment Assistance to Aid Borrowers
The rise of down payment assistance programs by 43 in Q1 has expanded options for borrowers, now totaling 2,509 programs for financing assistance.
United Real Estate Announces Merger in Virginia Market
RVA Blue Realty emerges as a new player in the market, supported by third-party acquisition financing, enhancing opportunities for private lenders in real estate.
Average Closing Costs for Home Purchases Exceed $4,600
Closing costs vary significantly by state, with South Dakota at 0.46% and Delaware at 2.99%. Understanding these differences can aid private lenders in pricing strategies.
Washington Legislature Initiates Study on Home Equity Investment Products
Washington Legislature commissions an academic study to explore home equity investments, aiming to provide insights for private lenders in the evolving market.
Nearly 45% of First Quarter Home Sales Featured Seller Concessions
Discover how Seattle's competitive market led sellers to offer concessions in over 71% of transactions, highlighting trends that impact private lending strategies.
NYC Proposes Penalties for Broker Fee Ban Violations During Legal Dispute
New York City is set to enforce a law targeting residential broker fees, potentially imposing fines of up to $2,000, which may significantly impact private lenders.