Pending Home Sales Decrease 0.8%, Reflecting 2.8% Year-over-Year Decline
Private lenders should note the month-over-month and year-over-year declines in the Midwest, South, and West, while the Northeast experienced a notable 2.1% gain.
Senate Bill Proposes Including Unconverted Crypto in Mortgage Underwriting
The 21st Century Mortgage Act mandates Fannie Mae and Freddie Mac to assess digital assets directly, eliminating the need for conversion to U.S. dollars.
Report Highlights Rising Rental Housing Costs in New York City
Danielle Hale critiques Zohran Mamdani's rent freeze pledge amidst NYC's rising rental costs, emphasizing challenges in the current housing market dynamics.
Stellar MLS Introduces Market and Neighborhood Reports for Real Estate Agents
Discover the latest feature providing real estate professionals with comprehensive reports on demographics, amenities, school data, and transportation access.
LoanLogics Reports Ongoing 11.5% Error Rate in U.S. Mortgage Files
LoanLogics’ analysis reveals persistent issues in loan file quality, showing no significant improvement despite a decade of investment and innovation in the industry.
ICE Connects MSP and Encompass to Enhance Home Equity and Refinance Options
New integration enhances client experience at no extra cost, providing private lenders with advanced tools for streamlined operations and improved service delivery.
Report Reveals Growth in Home Equity Originations and Outstanding Debt
Explore the decline in debt consolidation motivations among borrowers applying for home equity loans, highlighting trends that private lenders should note.
LoanDepot Lawsuit Highlights Loan Officer Compensation Practices
"Attorneys highlight that lenders may permit compensation linked to lead sources and internal loan transfers, a practice underscored in the loanDepot case."
Growth in housing inventory is beginning to slow.
Housing inventory increased to 860,426, yet growth shows signs of stalling as August approaches, raising concerns for private lenders in the market.
Bright MLS Reports Shift in Housing Market Toward Necessity and Balance
A recent survey revealed nearly 75% of agents report buyers pausing their home searches, highlighting shifting market dynamics and buyer sentiment trends.