ARMOUR reports $327M mortgage-securities loss and falling book value.
Private lenders: ARMOUR Residential REIT posted a $327M loss as mortgage-security spreads widened, pressuring book value and liquidity; market implications
SB Financial mortgage originations rise 15% as servicing portfolio expands.
Ohio-based SB Financial raised mortgage originations 15% to $77.7M and grew its servicing portfolio to $1.52B, highlighting stronger private-lender prospect.
Long Island Realtor association’s merger faces court challenge.
A complaint alleges that a HANFRA membership vote produced 43 affirmative votes, short of the 55-vote threshold required by the organization's bylaws. That discrepancy, if borne out, undermines the procedural basis for any action purportedly authorized by the vote and elevates the matter from [...]
Financial planner warns against relying on full Social Security benefits.
An expert warning that future Social Security recipients should not rely on current benefit projections underscores a growing need for caution in retirement planning and mortgage risk assessment. Projections can change as policy decisions, demographic trends, and funding pressures alter assumptions that underpin payout [...]
Albany home contracts rise 9.8% as New York and U.S. pending sales fall.
Albany-area pending sales rose 9.8% as New York and U.S. contracts declined; affordability pressures persist—impacts for private lenders' risk and deals. .
Permits before loans: Examining Kukun’s Renovation-HELOC Index.
A firm has produced a ZIP-code–level map of renovation activity that gives lenders and servicers a granular view of where home improvement spending and property upgrades are concentrated. By translating renovation intensity into geography, the tool signals neighborhoods with elevated owner investment and potential [...]
Fannie Mae Expands Occupancy Risk Checks and Tightens DU Validation Rules.
Fannie Mae expands occupancy-risk checks, adds related-party employment checks and retires legacy DU findings - impacts underwriting, private lenders. Read.
Floify Adds Bank-Connected Asset Verification to Mortgage Platform.
Floify adds bank-linked asset verification via Argyle-powered Verify integrating asset, income and employment checks to reduce duplicate document requests.
Mortgage applications fall 5.3% despite declining rates.
Purchase mortgage applications fell 7% week over week and ran 18% below the same period a year earlier, marking a clear reduction in buyer activity. That pullback is translating quickly into pipeline compression for originators: fewer loan locks, lower production volumes and a shift [...]
TransUnion and Bankrate Add Competing Lender Offers to Credit App.
TransUnion and Bankrate integration adds personalized lender offers to Credit Essentials, creating a new borrower-acquisition channel for private lenders.