Maine home sales fell 10% while prices rose.
Maine market: fewer sales, but rising prices and motivated sellers; shifting inventory dynamics signal selective lending opportunities for private lenders.
A proposal for a 349-home development at a historic Virginia plantation.
Private lenders: 52-home by-right cap on ag-zoned plantation prompts financing considerations—land use, density, entitlements, and exit strategy. Insights.
FHA requires new users to submit a selfie to access FHA Connection.
Private lenders: FHA Connection access now requires PII, government ID and a selfie for biometric identity checks—implications for underwriting and compliance.
Housing cools nationally, but buyers compete in affordable markets.
Private lenders: strong buyer demand in affordable Midwest, Northeast amid national cooling - concentrated competition pricing pressure and lending upside
Mortgage applications decline again as interest rates reach 6.85%.
MBA report: refinances fell 6% week-over-week while ARM share rose to 8.5%. Private lenders should reassess pricing, portfolio mix and liquidity exposure.
GSEs authorize use of VantageScore 4.0 for all single-family lenders.
Lenders are not permitted to mix Classic FICO scores and VantageScore 4.0 on the same loan file. That rule requires originators to select one scoring model and apply it consistently across all bureau pulls used for underwriting, pricing and automated underwriting responses. Mixing models [...]
Survey Reveals Almost Half of Americans Open to 3D-Printed Homes
Explore the concerns Americans have about 3D-printed homes, focusing on durability, construction quality, compliance, and potential resale value.
Rocket Pro Develops Three New Mortgage Technology Tools Inspired by Brokers
Discover innovative prototypes from broker-submitted ideas showcased in a recent pitch contest, highlighting trends and opportunities for private lenders.
Chris Kelly: Mortgage Servicing as Real Estate’s New Lead Engine
Discover how effective servicing can enhance agent relationships for private lenders, creating valuable touchpoints that reveal refinancing and move-up opportunities.
Rocket Pro Launches ‘Moving Squad’ Initiative at RPX
"New program aids brokers impacted by UWM's All-In policy, offering a $10,000 referral bonus to enhance lending opportunities and support growth."