FHA Focuses on ‘Flipping Rule’ and Automated Valuation Models
FHA's potential repeal of the 90-day anti-flipping rule and update of AVMs, along with new loss-mitigation guidelines, could yield significant savings for private lenders.
Redfin Early Access Introduces Pre-Market and Upcoming Listings
Redfin enhances its offerings with Early Access listings from both its Coming Soon and Compass brands, potentially increasing inventory by 12%, benefiting private lenders.
Brody Gapp Initiates Audit for Mortgage AI Governance
Brody Gapp has introduced a mortgage AI governance audit practice and is set to release a comprehensive Mortgage Bankers AI Governance Guide soon.
Mortgage Rates Reach Yearly Highs, Yet Housing Demand Remains Strong
Pending sales increased to 78,006, with a 7% rise in purchase applications year-over-year, despite high mortgage rates and yields nearing 4.60%.
Panorama Mortgage Group unifies its channels under the SimplyPMG brand.
Panorama Mortgage Group has rebranded as SimplyPMG, with Fernando Ospina appointed as chief production officer to enhance oversight across all lending channels.
Miami and RWorld Merger Aims for Integrated MLS Data and Tools
"Miami and RWorld have merged, creating a unified MLS data set with overlapping members, and plan to participate in Global Data Exchange for enhanced data sharing."
Kevin Warsh Appointed Fed Chair, Mortgage Lenders Seek Stability
Senate confirmation of Kevin Warsh as Fed chairman raises expectations in the mortgage industry for reduced volatility and a more stable economic environment.
Rents Decrease for 33 Consecutive Months as Multifamily Construction Expands
Private lenders should note that rental stock is projected to expand the most in the Northeast, with ongoing multifamily construction impacting rent trends significantly.
Rithm Capital Secures $500 Million in Unsecured Debt Financing
Rithm Capital Corp. has priced a $500 million offering of senior unsecured notes due in 2031, enhancing its balance sheet after recent acquisitions.
Mungo appoints Ric Rojas as president of the Mid-Atlantic region.
Mungo Homes has appointed industry veteran Ric Rojas as regional president for the Mid-Atlantic region, enhancing leadership in Raleigh, Richmond, and Triad markets.