UWM reinstates 1% down payment program with increased assistance limits.
Eligible borrowers can secure a home purchase with just 1% down, as UWM covers the remaining 3% for conventional loans, easing access to homeownership.
Fairway Agrees to Acquire Hallmark Home Mortgage
Fairway Independent Mortgage Corp. has acquired Hallmark Home Mortgage in an asset transaction, expanding its reach in the U.S. mortgage industry with this strategic move.
Ex-CFO Initiates Lawsuit Against Real Brokerage for Alleged Discrimination
Michelle Ressler alleges her termination as CFO was executed under false pretenses, raising concerns about corporate governance and accountability within Real.
Emerging Technologies: Platforms Enhancing Efficiency in the Industry
Explore cutting-edge platforms enhancing efficiency for homebuyers, agents, and roofing pros, fostering innovation in the mortgage and real estate industry.
The Impact of AI on Brokerages and Real Estate Agents
Explore insights from Tamir Poleg and Leo Pareja on the evolving role of human real estate agents in AI-driven home sale transactions, benefiting private lenders.
Mortgage Credit Availability Reaches Highest Level in Nearly Three Years
The Mortgage Credit Availability Index increased by 2.1% to 105.1, suggesting a notable easing in credit supply from lenders, benefiting private lending strategies.
Mortgage Refinancing Activity Declines Due to Elevated Interest Rates
Total rate-lock volume dropped by 5.87% in May, primarily due to a decline in refinancing activities, highlighting current market trends for private lenders.
Record Disparity Emerges Between Home Sellers and Buyers in Housing Market
Market dynamics reveal a significant shift, with sellers now outnumbering buyers by 6.5%, indicating changing trends in the housing landscape for private lenders.
Fannie Mae Reports Peak in Consumer Sentiment for Housing Market
The index shows recovery from an all-time low of 56.7, though still below pre-pandemic levels, signaling potential shifts in lending dynamics for private lenders.
Gradient Mortgage Capital Begins Operations to Support DSCR Borrowers
Gradient Mortgage Capital has launched as a wholesale mortgage platform, focusing on debt-service-coverage ratio and small-balance commercial real estate loans for bankers and brokers.