Foreclosure Activity Rises Close to 20 Percent
Tampa, Florida, leads major metros with the highest foreclosure rate, reporting one foreclosure for every 1,373 housing units, impacting private lenders' strategies.
Rocket Pro Introduces DSCR Product Amid Recent Market Changes
Rocket Pro's new DSCR loan product evaluates eligibility based on the property’s income rather than personal income, offering flexibility for private lenders.
Canadians Continue to Move to the U.S. Amid Industry Headlines
Canadians are increasingly investing in U.S. real estate, attracted by favorable returns, diverse mortgage options, and enhanced landlord protections.
NAR Delegates Vote Against Referral-Fee Disclosure Rule’s Transparency
NAR’s Delegate Body has rejected an amendment for Realtors to disclose referral fees, impacting transparency and ethical practices in the real estate market.
Longbridge reduces rates on its proprietary reverse mortgage products.
Longbridge reduces its proprietary reverse mortgage rate to 7.99% and enhances the principal limit factor, allowing seniors to access increased home equity.
Court Denies Alexander Brothers’ Motion to Dismiss Sex-Trafficking Charges
U.S. District Judge Valerie Caproni rejected the defense's efforts to downplay serious allegations, emphasizing the gravity of the case against them.
Leasing Commences at Ultra-Luxury 18W55 in Midtown Manhattan
Discover the leasing progress of 18W55 in Midtown Manhattan, featuring competitive rent prices and luxury living options attracting discerning tenants.
Oregon Agents Introduce Christie’s International Real Estate Evergreen
Brian Pienovi, along with Andrew Pienovi and construction expert Patrick Clark, lead a firm focused on innovative solutions for private lenders in the mortgage sector.
Fathom Holdings Achieves 38% Revenue Growth and Expands Ancillary Services
Private lenders experienced a significant revenue increase of 38% to $115.3 million, alongside a 24% rise in agent count and a 23% growth in transactions.
New-Home Mortgage Applications Decline by 2.6% in October
Mortgage applications for new-home purchases decreased by 2.6%, yet new-home sales increased, fueled by lower rates and greater adoption of ARMs.