Proprietary Loans Represent 40% of the Reverse Mortgage Market
Proprietary reverse mortgages are gaining ground, making up 40% of the market as HECM endorsements are paused, signaling a shift in lending trends.
Majority of Housing Discrimination Complaints Involve Disability Issues
Complaints regarding housing discrimination based on national origin have increased significantly, highlighting ongoing challenges in fair lending practices.
Finance of America Reports Q3 Loss Amid Significant Rise in Adjusted Income
Finance of America reported a net loss in Q3 but experienced significant growth in adjusted income, largely fueled by increased home equity lending activity.
Century 21 Merger Establishes Tri-State Service Network
The merger expands the company to 11 offices and about 275 independent agents, enhancing market presence and service capacity across three states.
Knock Introduces Innovative Buy-Before-You-Sell Bridge Loan Solution
A new financing option enhances original bridge loans, providing consumers with additional benefits and supporting a wider range of loan programs for private lenders.
Essential Loan Documentation Steps Not to Overlook
Understanding the importance of precise loan documentation is crucial for private lenders. It protects capital, ensures compliance, and safeguards enforceability in transactions.
Rising Foreclosure Volume May Indicate a Stronger Housing Market
A well-functioning foreclosure marketplace is essential for a healthy housing market, efficiently converting distressed properties into affordable retail inventory.
Treasury Secretary Bessent Attributes ‘Housing Recession’ to the Fed
Treasury Secretary Bessent highlights the Fed's role in the ongoing housing recession, suggesting lower mortgage rates could provide relief.
Vacant FHFA Inspector General Position Following Joe Allen’s Reported Ouster
The Federal Housing Finance Agency's inspector general position is currently unfilled following the dismissal of Joe Allen, raising concerns about oversight in housing finance.
Real Estate Agents Maintain Commission Structure, According to Mystery Shopper Report
Consumer Policy Center's "mystery shopper" interviews reveal consistent commission rates across lenders, highlighting a reluctance to engage in negotiations.