Housing Demand Remains Strong Amid Elevated Mortgage Rates
Weekly pending home sales rose to 75,935, up from 69,636, while purchase applications increased by 7% year over year, despite elevated mortgage rates.
Synergy One Merges with APM; Steve Majerus Appointed President
American Pacific Mortgage merges with Synergy One Lending as a DBA, enhancing its mortgage production platform to a robust $14 billion in annual volume.
Ex-DC Housing Official Admits Guilt in Mortgage Fraud Case
Richard Cunningham pleaded guilty to making false statements to a mortgage lending business, highlighting risks and the importance of due diligence in lending practices.
Indicted Former NYC Attorney Accused of Stealing Over $1 Million in Mortgages
Jose Polanco faces serious charges after allegedly embezzling over $1 million in mortgage refinancings, impacting trust in the legal and lending sectors.
Florida Jury Awards $47.8 Million in Buyer Broker Agreement Case
A Miami-Dade jury awarded $47.8 million to broker Alex Goldstein in a fraud case involving a $2.8 million deal, highlighting potential risks for private lenders.
Secondary Mortgage Market Adapts to Alternative Credit Scores Amid Data Delay
Investors and credit rating agencies in the secondary market are seeking performance data and creating solutions to ensure efficient loan processing amid challenges.
Berkshire Taylor Morrison Agreement Highlights Vertical Integration Trends
Berkshire Hathaway’s acquisition of Taylor Morrison prompts critical discussions on homebuilder valuations, leadership dynamics, and the strategic push for scalability in the industry.
Schaefer Homes Accelerates Growth a Decade After Its Initial Launch
Schaefer Homes reports a 68.3% sales increase to 31 homes, supported by a strengthened 14-person team and streamlined operations to drive future growth.
Do Buyers Ignore Property and Neighborhood Flaws to Secure a Home?
Survey findings reveal that nearly half of respondents would purchase in areas with high or increasing crime, indicating shifting buyer priorities.
New York Attorney General Investigates Compass-Anywhere Acquisition
New York AG Letitia James is investigating Compass's $1.6 billion Anywhere deal, raising potential antitrust and market share issues affecting private lenders.