Most San Francisco homes sell above asking as California market diverges.
92% of San Francisco single-family homes sold above asking while California sales fell and nearby prices eased. Lenders and servicers should monitor risk.
Unlock completes $433.1M home equity agreement securitization.
Covers a $433.1M securitization of 4,474 Unlock home equity agreements and key servicing, credit and investor implications relevant to private lenders.
Slight mortgage rate dip halts slide in housing demand.
Covers how a dip in rates toward 7.30% and a pullback in 10-year yields paused recent declines in housing demand. Impact on loan pipelines and servicing.
Mortgage rates at 7.28% raise monthly payments by about $215.
Breakdown of how a 7.28% rate increases P&I by $215 on a $429,100 median home with 20% down, raising payment implications for underwriting and servicing.
An appeals court upholds wetlands permit for 9,076-acre Charleston project.
Fourth Circuit upheld the wetlands permit for the 9,076-acre Cainhoy development and the ruling alters permitting risk and collateral exposure for lenders.
10-Year Treasury Yield Hits 5% as Oil Shock Challenges Mortgage Relief.
Covers the 10-year Treasury closing at 5% and rising Brent crude that complicate mortgage pricing and financing, relevant for lenders and servicers.
Flagstar’s New York apartment loans under strain as credit costs rise.
Flagstar’s profit dipped as higher rates and rent-regulated New York multifamily loans raised credit costs. Lenders and servicers should reassess exposure.
Rithm’s Genesis originations are up 25% after multifamily securitization.
Rithm's Genesis Capital originated $1.5 billion in residential transition loans during the quarter and completed a $375 million multifamily RTL.
Orchid Island Capital Posts $179M Loss as MBS Hit Book Value
Orchid Island Capital reported a $178.9 million quarterly loss driven by $231.7 million valuation and trading losses on mortgage securities and hedges.
Stagnant demand exposes underperforming homebuilding teams.
Summit conversations made a clear business case for converting founder know-how into repeatable enterprise systems that decrease operational variability and unlock scale. Sessions ranged from practical takeoffs to complex trade scheduling, illustrating how tightly documented estimating and sequencing practices render bidding, procurement and project [...]