Fix-and-flip activity declined, yet profit margins experienced slight growth.
Investors flipped 297,885 homes in 2024, reflecting a 7.7% decline from the previous year and a 32.4% drop from the 2022 peak. Insights for private lenders.
SFR Investors Reduced Home Purchases This Year
Institutional investor activity declined as iBuyers, flippers, and sale-leaseback firms emerged to fill the gaps in the mortgage market.
Mortgage Rates Remain Steady Amid Deteriorating Economic Outlook
Conforming mortgage rates remain steady, with 30-year rates at 6.79% and 15-year rates rising to 6.58%, impacting lending strategies and market dynamics.
The DOJ continues its scrutiny of Realtors and their commission structures.
The DOJ reinforces its stance against the MLS PIN settlement in the Nosalek case, raising concerns that may impact private lenders and industry practices.
OCC Ends 2021 Consent Order with Wells Fargo
Wells Fargo's termination of the OCC consent order highlights a significant shift in its loss mitigation strategy, affirming improvements in compliance and operations.
Xactus introduces new open API portal for enhanced integration.
Verification technology company Xactus has launched an open API portal, streamlining integration processes for partners using their Intelligent Verification Platform.
Michelle Billings Discusses Client Relationship Building in Ohio Real Estate
In this episode, Ohio Realtors President Michelle Billings discusses current affordability challenges in real estate and insights for agents to thrive in the market.
Impact of AB 238 on California Lenders
AB 238 mandates that lenders must process forbearance requests with limited documentation, potentially postponing foreclosures for up to 360 days. Stay informed!
HomeServices of America refutes claims of pending sale to Compass.
Negotiations for a potential deal are progressing, according to anonymous sources, with The Wall Street Journal indicating a possible swift resolution.
Zillow Reports Climate Risks Endanger Trillions in Real Estate Value
Discover how climate risks, particularly floods and extreme winds, pose significant threats to real estate values in the New York City metro area.