Real Estate Highlights and Low Points for the Week of May 4–8
New listings rose, NYC's mayor stirred market sentiment debate, and Ted Turner's property portfolio entered the spotlight. Here's what mattered in real estate this week.
Dino Lack Named CIO at Union Home Mortgage: What It Signals for Mortgage Technology
Union Home Mortgage appointed Dino Lack as CIO, bringing experience from Newrez and Caliber Home Loans. Here's what the move signals for mortgage technology leadership.
The Impact of Captions on Real Estate Agents as AI Video Creators
Discover how Mirage's AI video creation platform, Captions, is transforming communication for real estate professionals by enhancing video marketing strategies.
California Housing Affordability Reaches Highest Level in Recent Years
Discover how a high annual income threshold impacts mortgage affordability in California's evolving housing market, highlighting financial implications for private lenders.
The Impact of Veev’s CEO Departure on Prefabrication Scaling Concerns
Explore insights on Veev's strategic vision and challenges, following Anthony Carroll's exit and Lennar's initiatives, highlighting implications for private lenders.
PennyMac Reports Strong Mortgage Production Amid Weaker Servicing Outcomes
PennyMac reports Q1 profits of $82.3M, with adjusted income at $117.7M. Notable production income growth contrasts with servicing challenges from MSR hedges.
March New Home Sales Driven by Scarcity Amid Builder Pressure
March new home sales experienced a 3.3% increase, reaching 682,000 SAAR. However, the median price declined by 6.2%, now at $387,400, the lowest since July 2021.
Studio Home Introduces National Franchise Platform for Expansion
Studio Home's franchise platform aims to expand its innovative building system across the nation, enhancing accessibility for private lenders in real estate.
CommLoan Expands Platform to Include Land and Build-to-Rent Financing
Discover how CommLoan's new land and build-to-rent financing enhances its platform's capabilities, offering private lenders innovative investment opportunities.
FHLBank Chicago Launches Affordable Housing Program for 2026
FHLBank Chicago has launched an affordable housing program offering $51 million with grants up to $2 million per project, promoting increased housing accessibility.