Arizona Shopping Center Site Reimagined as Affordable Housing Complex
"Discover Dorsey Station, a new housing complex with 90% affordable units. An important development for private lenders to consider in housing trends."
Harvard Forecast Indicates a Decline in the Remodeling Market
Harvard's forecast indicates a decline in the remodeling market, contrasting with insights from the National Association of Home Builders. Explore the implications for private lenders.
NAR’s Strategic Plan Update Focuses on MLS Rules, Legal Matters, and Training
NAR's Q2 report outlines strategic advancements, including DOJ correspondence, developments in the Tuccori settlement, and enhanced tools for brokers and data management.
New York State’s Median Home Sales Price Reaches All-Time High
New York State's median home sales price reaches a new peak, raising questions about market dynamics and lending strategies for private lenders.
FHA Introduces Partial Claim Model Eliminating Subordinate Liens
Federal Housing Administration's proposed Reinstatement Advance Payment structure aims to streamline documentation and servicing for partial claims and payment supplements.
CFPB Considers Changes to Reverse Mortgage Disclosures Amid Cost Concerns
Federal regulators are reassessing reverse mortgage disclosures, and while the review is seen as necessary, legal experts caution against potential costs of changes.
Gershman Mortgage and Truss Financial Group Introduce Distinct HELOC Products
Gershman has introduced a 5-day HELOC up to $750,000, while Truss offers a DSCR HELOC for investors with limits of up to $1 million, enhancing options.
Mortgage Rates Stabilize Around 6.85% Before Upcoming Fed Meeting
Mortgage rates remain elevated in the upper 6% range, influenced by rising Treasury yields amid concerns over oil-driven inflation and geopolitical stability.
Rising Student Loan Defaults Could Impact Sun Belt Housing Demand
Student loan delinquencies are rising as pandemic policies end, leading to lower credit scores. This trend may impact prospective borrowers' loan eligibility.
Report Indicates Starter Home Market Has Decreased by 300,000 Units
Explore the shifting landscape of starter homes with insights from Realtor.com's economist, detailing a significant decline of 300,000 homes since 2019.