AD Mortgage Highlights FHFA Letter on Condo Reserve Requirements
AD Mortgage has initiated a policy advocating for FHFA oversight on condo rule changes, highlighting that 30% of reviewed projects lacked sufficient reserves.
Starter Home Inventory Lags Behind 2019 Levels by 300,000 Listings
U.S. starter home market still lacks 300,000 listings compared to 2019, with buyers now needing an income of $78,000 to secure a purchase.
Americans value financial guidance but feel unprepared for retirement.
New surveys reveal that rising costs and economic uncertainty, coupled with concerns about AI, are hindering workers' ability to achieve their retirement goals.
Housing Market Inventory Rebound is Empowering Buyers, With Exceptions
Current trends suggest sellers may be adjusting price expectations due to increasing competition for buyers, indicating a shift in the real estate landscape.
UHM Expands Non-QM Presence through Acquisition of AmeriTrust Assets
Union Home Mortgage Corp. acquires AmeriTrust Mortgage Corp., enhancing its presence in the nonqualified mortgage market and expanding investment opportunities.
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.
Anticipating the CFPB’s Future Actions Following Vought’s Departure
The CFPB awaits Brian Johnson's nomination amid expanding state enforcement, raising the need for clarity among private lenders navigating regulatory changes.
Sales Launch for New 128-Unit Condo Development at Jersey Shore
Explore a new 128-unit condo development at the Jersey Shore, with pricing starting at $760,000 for one-bedroom residences. Discover investment opportunities.
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.
Georgia housing agency implicated in alleged $2.5 million fraud scheme.
Federal prosecutors outlined a $2.5 million fraud scheme involving false invoices and kickbacks, exposing vulnerabilities in financial transactions over four years.