Finance of America Reports Q3 Loss Amid Significant Rise in Adjusted Income
Finance of America reported a net loss in Q3 but experienced significant growth in adjusted income, largely fueled by increased home equity lending activity.
Senate Democrats propose emergency assistance for seniors affected by inflation.
Senate Democrats propose a bill to increase SSA and VA benefits by $200 per month for six months, potentially impacting private lenders and markets.
Compass Utilizes Christie’s Acquisition Strategy Ahead of Anywhere Merger
Compass aims to expand its successful strategy, initially tested with Christie’s, to a broader market, potentially reshaping private lending dynamics.
Stockton Mortgage files lawsuit against Novus and former employees for poaching.
Two mortgage lenders are in dispute over allegations of diverting active and prospective borrowers in Alabama, raising concerns about ethical practices in the industry.
Interest in U.S. Homebuying Among Canadians Declines Amid Trade Tensions
Canada continues to lead as the top source for international inquiries into U.S. homes, though its market share has decreased to 32.1%.
Vacant FHFA Inspector General Position Following Joe Allen’s Reported Ouster
The Federal Housing Finance Agency's inspector general position is currently unfilled following the dismissal of Joe Allen, raising concerns about oversight in housing finance.
Sun West initiates lawsuit against FNB regarding reverse mortgage repurchases.
Sun West Mortgage Co. has initiated legal action against First National Bank of Pennsylvania over two reverse mortgages exceeding $850,000, involving Fannie Mae.
Enhancing Efficiency in Home Equity Turnaround Times
Homeowners are leveraging substantial equity, with 48 million mortgage holders averaging $213,000 in tappable value, presenting unique opportunities for private lenders.
Powering Growth: 7 Technologies for Scalable Private Lending
7 Essential Technologies for Scaling Your Private Lending Operation For private lenders, mortgage brokers, and real estate investors, the path to sustained growth is often paved with challenges. As your portfolio expands, so too does the complexity of managing loans, ensuring regulatory compliance, and [...]
NorthstarMLS Updates Board Structure and Adopts New Governance Model
The new governance model features a streamlined board of directors, predominantly comprising members from outside the real estate sector, enhancing diverse expertise.