Strategies Behind The Loan Store’s Volume Growth in a Competitive Market
Company's origination volume surged to $8.2 billion in nine months, securing a position as the fourth-largest wholesale lender in the U.S. market.
U.S. mortgage delinquencies experience significant increase in November
U.S. mortgage delinquencies increased significantly in November, reaching a four-year high, largely influenced by seasonal calendar effects impacting borrowers.
5 Essential Tools for Private Mortgage Servicing: Precision, Compliance, and Profitability
Private lenders who want precision and profitability need five tools working together: purpose-built loan servicing software, integrated RegTech compliance, business intelligence, secure document management, and a multi-channel servicing CRM. Each one eliminates a distinct operational risk that erodes portfolio performance and investor trust.
Existing Home Sales Increased by 0.5%
Existing home prices rise to $409,200, reflecting a 1.2% annual increase. Discover trends impacting the mortgage market and lending strategies for private lenders.
The Appeal of Renovated Homes Diminishes Over Time
Homebuyers are drawn to updates, yet rising borrowing costs hinder sellers from achieving price premiums, impacting the current housing market dynamics.
MidOcean and Point finalize $600 million acquisition of HEI.
MidOcean Partners collaborates with Point in a $600 million acquisition of home equity assets, highlighting a strategic move within the private lending sector.
William Raveis explores AI growth strategies and a potential NAR exit.
William Raveis enhances its offerings with AI innovations, wealth management services, and anticipates changes to NAR membership, paving the way for future growth.
New York enacts ban on right-to-list agreements, following many states.
New York law prohibits right-to-list agreements, imposes penalties for their recording, and enables removal from property records to safeguard homeowners.
Major Developments: Rocket and Redfin Join the Portal Competition
Rocket's acquisition of Redfin and Lower's Movoto deal indicate intensified competition in the real estate portal market, posing challenges to Zillow's dominance.
Mortgage Demand Declines While Refinance Share Hits Highest Level Since September
Mortgage applications fell 3.8% last week amid rising interest rates, with refinance activity reaching its highest level since September, indicating shifting trends.