Mortgage Applications Decrease 1% with Refinances Falling by 2%
Refinance activity declines by 2%, while purchase transactions remain 5% lower than the previous year, indicating a shift in market dynamics.
HomeServices Expands Mortgage Servicing via Prosperity Partnership
Prosperity, originating nearly $9 billion annually, traditionally sells servicing rights post-closing, highlighting its strategic approach in the mortgage sector.
Emerging Technologies: The Focus on Artificial Intelligence
Explore four innovative advancements in artificial intelligence impacting the real estate industry, reshaping operations and decision-making for private lenders.
Federal agencies discontinue Biden-era SPCP guidance.
Interagency notice advises private lenders against relying on the 2022 SPCP statement, enhancing clarity on compliance and risk management guidelines.
Lennar Introduces New Single-Family Home Community in Georgia
Discover Lennar's latest single-family home community in Georgia, with pricing starting in the mid-$200,000s. Explore opportunities for private lenders.
NEXA Lending acquires UMortgage in a significant broker transaction.
Private lenders: NEXA Lending acquires UMortgage, integrating leadership under Anthony Casa and bolstering presence in the independent broker channel firm.
Concerns Arise from the Manhattan Rental Compass Lawsuit for All Tenants
Enhancing transparency through written disclosures and defined MLS dates can help private lenders mitigate risk in limited launch property listings.
reAlpha Acquires InstaMortgage for $8.5 Million
In-house origination, underwriting, and funding now available across 38 states and D.C., enhancing the efficiency of private lending operations.
Challenge to New Tax on High-Value Second Homes in Rhode Island
Legal challenges arise as plaintiffs argue against laws restricting voting rights for out-of-state residents in Rhode Island, questioning fairness and representation.
Evergreen Home Loans Introduces BrokerBrand TPO Channel
Discover a new TPO channel led by Bob Marseilles, offering a diverse range of conventional, government, jumbo, and specialty mortgage products for private lenders.