July Sees a Decline in Existing Home Sales
Median existing home prices rise to $434,100, signaling potential market shifts. Discover the implications for private lenders and investment strategies.
NAR Reports a 1.7% Decline in Existing Home Sales for July
July saw a 1.7% drop in existing home sales to 4.06 million, while the median price increased by 2.0% to $434,100. Inventory declined to 1.54 million homes.
Compass transaction fee lawsuit may be voluntarily dismissed.
Florida homebuyers are deciding whether to withdraw a lawsuit against Compass regarding a $475 transaction fee, previously seeking class-action status.
Six Essential Strategies for Improving the $15 Trillion Mortgage Servicing Sector
Explore how AI's influence on mortgage servicing hinges on modernization, automation, API integrations, and enhanced disaster response through real-time event tracking.
CCM plans $500 million senior notes issuance ahead of Two Harbors closing.
CrossCountry Intermediate Holdco (CCM) plans to issue $500 million in senior unsecured notes, aligning with its anticipated acquisition of Two Harbors Investment Corp.
Consumer groups caution that CFPB mortgage rule rollbacks may endanger borrowers.
Advocacy groups caution that potential modifications to federal lending regulations may increase risks for consumers, highlighting the need for careful consideration.
The Hottest ZIP Code in the Housing Market Right Now Is…
Discover which regions are trending in the housing market, as the Northeast and Midwest continue to lead with the hottest ZIP codes for private lenders.
Splitero broadens home equity investment options to four additional states.
U.S. homeowners possess $35 trillion in home equity, often constrained by low mortgage rates and stringent income criteria, presenting challenges for private lenders.
UWM files lawsuit against Two Harbors over unsuccessful merger, seeks $500M+
United Wholesale Mortgage has filed a lawsuit against Two Harbors Investment Corp., alleging breach of merger agreement and fraud amid a competing deal with CrossCountry Mortgage.
TPG Mortgage Investment Trust Acquires Cherry Hill Mortgage for $117.5M.
TPG Mortgage Investment Trust forms via acquisition of Cherry Hill forming a $9B residential mortgage portfolio—strategic implications for private lenders.