Union Home Mortgage Completes Acquisition of NRL Mortgage
Independent mortgage banks like UHM are expanding, with UHM originating $7.6 billion in mortgages, while NRL achieved over $1 billion, reflecting market growth.
Bank7 Expands with Acquisition of First American Mortgage Inc.
Bank7 has acquired First American Mortgage, enhancing its lending portfolio and expanding its footprint in the Oklahoma City market.
Ohio Home Sales Increased by 0.8%
Ohio's average home sales price is $274,522, reflecting a 0.8% increase. Discover insights that could impact private lending strategies.
Real Estate Highlights and Challenges for the Week of February 24-28
Explore recent developments affecting the mortgage industry, including CFPB policy shifts, EV charger installation strategies, and unique home selling tactics.
Housing executives share differing perspectives on affordability and sales forecasts.
Survey results indicate that just 52 respondents anticipate sub-6% mortgage rates by 2025, while 79 believe this target is more achievable by 2026.
Jay Plum of Fifth Third Bank discusses Basel III and future lending trends.
Fifth Third Bank's Jay Plum discusses the implications of Basel III on warehouse lending, affordability initiatives, and expanding market share through MSRs.
Rocket Mortgage reports $27.8 billion in Q4 origination volume.
Rocket Companies reported net revenue of $1.8 billion and a GAAP net income of $649 million in Q4, highlighting significant financial performance in the mortgage sector.
Woman Admits Guilt in Fraud Scheme Involving Graceland
A woman has confessed to mail fraud for trying to unlawfully sell Graceland, Elvis Presley’s iconic estate, highlighting risks in property transactions.
Jane Doe files sexual assault lawsuit against the Alexander brothers.
A woman alleges she was drugged and raped by Tal and Alon Alexander in their home, highlighting ongoing issues of consent and safety in shared living environments.
Pending Home Sales Index Reaches Historical Low, Reports NAR
Pending Home Sales Index drops to 70.6, marking an all-time low. Explore the implications for the private lending sector and market dynamics.