Chris Gallo Pleads Guilty in Federal Mortgage Fraud Case
Chris Gallo, a former leading mortgage loan officer, has pled guilty to conspiracy for bank fraud in New Jersey, highlighting risks for private lenders.
FirstTeam and Purlin Discuss How AI Can Increase Workload if Misapplied
Private lenders gain insights as FirstTeam's Lauren Henss and Purlin's Tim Quirk discuss the current landscape of AI adoption in the brokerage sector.
LPT Realty to Enter Public Market Following Parent Company’s IPO Filing
LPT Aperture submits confidential IPO paperwork on Form S-1, initiating a process that may reshape private lending dynamics as it awaits regulatory review.
Los Angeles County’s Median Asking Rent Reaches Five-Year Low
Discover how the current median asking rent drop offers significant savings for renters, potentially impacting market dynamics for private lenders.
Fed Holds Rates Steady Amid Rising Middle East Tensions and Inflation Risks
The Federal Reserve maintains its benchmark interest rate at 3.5% to 3.75%, signaling stability in the economic climate that may impact lending strategies.
New Silver Completes Acquisition of Mayflower Venture Partners
New Silver Lending LLC has enhanced its presence in New England's fix-and-flip and construction lending by acquiring Mayflower Venture Partners.
Mortgage Applications Decline 6.4% as 30-Year Rate Reaches 6.76%
Mortgage applications decreased by 6.4% as the 30-year fixed rate climbed to 6.76%. Refinances dropped 10% while purchase applications fell by 4%.
Senate approves Jay Clayton as DNI, concluding FHFA’s dual leadership role.
The Senate has confirmed Jay Clayton as the new Director of National Intelligence, marking a leadership change in key government roles impacting the finance sector.
Redfin Reports Decline in Canadian Interest for US Properties for Sale or Rent
Canadians are showing decreased interest in U.S. properties, with declines in 45 major metros but notable increases in five specific markets.
Newrez reports solid Q2 profits with a focus on $65B in 2026 originations.
Newrez reports a profit increase in Q2 driven by improved servicing performance and higher originations, signaling positive trends for private lenders.