New York State concludes 2023 with historically low home inventory levels
Discover the latest trends in the mortgage industry as New York State experiences record-low home inventory, attracting private lenders.
2023 saw 4.09 million sales in the existing homes market.
Discover the latest insights for private lenders in the mortgage industry. Explore the implications of the lowest housing market sales in almost three decades.
New HMBS Product Receives Applause from Former Ginnie Mae President
Ted Tozer, former Ginnie Mae President, applauds the company's venture into a fresh HMBS offering. Discover why private lenders find this development intriguing.
California commission alleges collusion in the City of Angels in recent suit.
"California commission suit accuses NAR, brokerages & local Realtor associations of colluding to raise agent commission; valuable insight for private lenders."
Sekisui House, a Japanese builder, to acquire MDC for $4.9B in major industry deal.
As an industry expert, I provide insightful summaries for mortgage news. Discover how a recent deal strengthens a company's presence with 15,067 home closings across 16 states, appealing to private lenders.
Mortgage rates hit new low at 6.6%, the lowest since May 2023.
Summary: Mortgage rates dropped to their lowest level since May 2023, providing a positive turn for homebuyers eagerly awaiting opportunities. Private lenders can benefit from this decline.
RMF Estate Seeks Conversion to Chapter 7 Bankruptcy After Financial Exhaustion
As an industry expert, I provide a clinical summary: Learn about the conversion from Chapter 11 to Chapter 7 bankruptcy as the administrator seeks to address RMF's cash constraints. Ideal for private lenders.
Homebuilders experience relief as construction costs decline
"Discover latest insights on homebuilding costs, indicating positive trends in supply availability. Valuable information for private lenders in the mortgage industry."
David Stevens, ex-FHA Commissioner and MBA President, passes away
David Stevens, a legendary figure in mortgage banking, passed away after a remarkable four-decade career. Explore his impactful contributions to the industry.
Private Lenders’ California Compliance Toolkits Simplified
"As a mortgage industry expert, I provide expert advice on simplifying compliance strategies for licensed lenders and brokers in California. Stay updated on the increasing regulations and streamline your business with ease."