Real Estate Agents Should Avoid Comparing Gross Commission Income
Comparing real estate agent gross commission income can lead to reactive decision-making, obscuring true costs and undermining client relationships and trust.
RiskSpan Unveils Credit Risk Model Designed for Non-QM Loans
RiskSpan has released Credit Model 7.1, trained on $87B UPB for non-QM loans, as Q3 issuance surged 97% to $20.9B, enhancing risk assessment capabilities.
California Sees Increased Home Sales Amidst Declining Median Prices
California home sales show a rise, despite remaining below the 300,000 mark for 45 months, indicating potential opportunities for private lenders.
Foreclosure Activity Increased in the First Half of the Year
Foreclosure filings rise to 0.16% of housing units, highlighting market trends and potential opportunities for private lenders to assess risk and investment strategy.
ONE Sotheby’s Enhances Luxury Market Reach in South Florida with TFG International
Luxury real estate group, co-founded by Tomer Fridman, bridges Los Angeles and South Florida markets, enhancing opportunities for private lenders.
Increased mortgage rates reduce applications following the holiday week.
Mortgage applications declined as the 30-year fixed rate reached 6.65%. However, refinance activity increased by 4%, while purchase applications dropped by 7%.
Bank regulators provide guidance on credit risk related to unauthorized workers.
OCC, FDIC, and NCUA emphasize the importance of managing credit risk for borrowers lacking work authorization, highlighting compliance with existing regulations.
Real Brokerage and RE/MAX Merger Passes Antitrust Review
The DOJ has concluded the HSR waiting period early for RE/MAX's merger with Real, allowing for upcoming scheduled votes that could reshape the market landscape.
Major Banks Exceed Second Quarter Mortgage Origination Projections
Big banks outperformed analysts' forecasts in mortgage origination volume, achieving a 32% average increase from the previous quarter, signaling robust market activity.
EquityProtect report highlights growth in deed theft protections and potential gaps.
29 states lack specific deed theft laws, pushing property owners towards broader fraud and forgery statutes, highlighting risks for private lenders.