Mortgage Demand Declines 13% Amid Rising Interest Rates
Mortgage rates climbed to 6.90% this week, leading to a decrease in applications. Insights from MBA's Joel Kan highlight market shifts for private lenders.
Home Sales Increase by 21% in Pennsylvania
Discover the latest trends in Pennsylvania's housing market, including a 2% increase in residential property prices, crucial for private lenders' strategies.
First American CEO awarded severance amid cruise ship assault allegations.
Ken DeGiorgio, ex-CEO of First American Financial Corp., is set to receive a substantial payout after his recent termination, raising industry eyebrows.
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.
Texas Home Sales Decline Despite Increase in Active Listings
Explore Texas' home sales trends as the median price reaches $331,000 with a slight rise, revealing shifts in the market that private lenders should note.
Tarek El Moussa Reports Monthly Earnings of $675,000 from House Flipping
Discover insights from Tarek El Moussa on his successful house-flipping strategy, earning an impressive monthly income that highlights market potential for private lenders.
Consumer Regulations Relevant to Business Purpose Loans
Business purpose loans are unique nontraditional mortgages where funds are allocated for non-consumer uses, challenging common borrowing misconceptions.
Mortgage Rates Climb Steadily Toward 7% Mark
Discover the latest trends in mortgage rates, with 30-year conforming rates at 6.98% and 15-year rates rising to 6.88%, impacting private lenders significantly.
FHFA Director Pulte Delivers Conflicting Messages on Regulatory Operations
FHFA Director Pulte shares varied insights on regulatory operations via personal X account, hinting at potential shifts in the lending landscape.
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.