Rising Production Expenses Affect IMB Profits in Fourth Quarter
In Q4 2024, 61% of firms across all business lines reported pre-tax net financial profits, a decrease from 71% in Q3 2024, indicating shifting market dynamics.
TD Bank and Flagstar Bank to Close Multiple Branches Nationwide
TD Bank and Flagstar Bank are set to close multiple branches across various states, highlighting ongoing shifts in the banking landscape that may impact lenders.
Supreme Lending plans expansion efforts on the West Coast.
Mortgage industry veterans Eli Fairfield and Brian Keranen have joined Everett Financial as regional directors, enhancing their expertise in the Pacific Southwest.
Mortgage Demand for New Homes Decreases by 6.9% Year-Over-Year
Mortgage applications for new-home purchases declined by 6.9% year over year, signaling potential shifts in housing market dynamics, as reported by the MBA.
The Most Expensive Home Sale Recorded in February Is…
Coastal Florida leads with seven of the top 10 highest home sales, highlighting a competitive market for private lenders. Explore key insights and trends.
Realtor.com identifies mid-April as the ideal time to list a home.
Homes listed during mid-April may sell more quickly, encounter reduced competition, and achieve higher prices, offering advantages for private lenders.
Howard Hanna seeks judge’s recusal in Gibson commission lawsuit over conflict.
In the Gibson commission suit, the brokerage argues that attorney Matthew Dameron's campaign donation to the judge's wife raises concerns over case impartiality.
HUD to Terminate Biden Initiative for Energy Efficiency in Affordable Housing
Discover the implications of the Green and Resilient Retrofit Program's changes for private lenders, with a focus on energy efficiency in affordable housing.
Study Reveals Average Homeownership Duration is 11.8 Years
Discover insights on homeownership tenure, highlighting the shortest stay in Louisville at 8 years, relevant for private lenders assessing market trends.
Guidelines for Managing Funds and Fees Under DRE Regulations
Brokers must adhere to DRE regulations for managing funds and advance fees. Discover the importance of trust accounts and compliance to prevent penalties.