FOA Tops HECM Endorsements as HMBS Issuance Declines
Home Equity Conversion Mortgage endorsements fell in July after a June increase, as HECM Mortgage-Backed Securities issuance remains at historic lows.
John Luddy of Supreme Lending discusses the improved outlook for reverse mortgages.
Reverse mortgages gain traction as high home values, diverse product options, and an aging population drive demand, according to John Luddy's insights.
Adwerx and Canva Collaborate on Digital Advertising for Real Estate
Adwerx's new Canva integration streamlines the process for agents to seamlessly transition their designs into targeted ad campaigns, enhancing efficiency.
Toll Brothers Introduces New Master-Planned Community in Idaho
Discover Toll Brothers' latest master-planned community in Idaho, featuring residences priced from the mid-$400,000s—an attractive investment opportunity for private lenders.
Mitigating Risk: The Importance of Choosing the Right IT Service Provider
Explore essential IT support strategies for real estate, title, and mortgage firms. Understand risks and prioritize services like monitoring, backups, and cybersecurity.
Los Angeles County’s Median Asking Rent Reaches Five-Year Low
Discover how the current median asking rent drop offers significant savings for renters, potentially impacting market dynamics for private lenders.
Mortgage Applications Decline 6.4% as 30-Year Rate Reaches 6.76%
Mortgage applications decreased by 6.4% as the 30-year fixed rate climbed to 6.76%. Refinances dropped 10% while purchase applications fell by 4%.
Foreign Buyers Acquired $45.3 Billion in U.S. Existing Homes, NAR Reports
Foreign buyers acquired $45.3B in existing homes, totaling 67,100 purchases, reflecting a 19.1% decline, highlighting trends in the real estate market.
Pennymac Reduces Lending and Fulfillment Positions in Latest Layoff Round
Pennymac announces layoffs amid challenges in the mortgage sector, reacting to persistent high interest rates ahead of its earnings report.
Miami Realtors and RWorld’s Dionna Hall Discuss a Unified South Florida MLS
Dionna Hall, co-CEO of Miami Realtors, explores the future of BeachesMLS and MIAMI MLS, highlighting ways agents can enhance their professional skills.