ICE Mortgage Monitor: Home Equity Lending Rises Due to Lock-in Effect
In Q1, equity withdrawals reached $47B, with second liens at $25B. Refinance-incentivized buyers dropped to 1.8 million in May, signaling market shifts.
Two Delays Shareholder Vote and Seeks All-Cash Offer from UWM
Two Harbors Investment Corp. has postponed a shareholder meeting to vote on its proposed acquisition by CrossCountry Mortgage LLC, impacting future strategies.
Alternative Strategies to the 1031 Exchange for Budget-Conscious Investors
Explore a cost-effective strategy for private lenders: utilizing a "poor man’s 1031 exchange" to leverage cost segregation and accelerated depreciation for tax deferral.
Increased Demand for Housing Driven by Boston’s International Business Growth
Explore how international business impacts real estate, driving relocation traffic, rental demand, and luxury purchases linked to economic expansion trends.
Ongoing Iran Conflict Heightens Mortgage Rate Risks for the Coming Years
Potential prolongation of the Iran conflict may push peak mortgage rates to 7.125%-7.185%, even with improved spreads. Insights for private lenders.
Achieve increases fixed-rate HELOC limit to $700,000.
Achieve increases its fixed-rate HELOC cap to $700,000, lowers starting APR to 5.5%, offering up to 90% LTV and 50% DTI for private lenders.
HECM Broker Rankings Remain Stable as Atlantic Avenue Retains Top Position
Atlantic Avenue led HECM brokers with 938 endorsements in the past year, maintaining its position as the top choice among the leading firms in the industry.
Lawmakers Call for FTC Investigation into Real Estate Referral Practices
Reps. McClellan and Beyer call for FTC inquiry into online real estate referrals, highlighting undisclosed lead routing and rising costs for consumers.
Boxabl Secures Purchase Agreement for New Modular Housing Community in Texas
Boxabl's new Phase 2 product platform secures its first purchase agreement, signaling growth potential in innovative modular housing solutions.
Mortgage Demand Remains Strong in the First Half of the Year
Demand for mortgage purchase applications remains robust despite rising rates, indicating ongoing market resilience and potential opportunities for private lenders.