Housing demand remains strong but faces threats from rising mortgage rates.
Pending contract data shows a slight 1% increase, reflecting slowed demand due to elevated mortgage rates, highlighting market dynamics for private lenders.
Mortgage Applications Decline Following the Holiday Period
Demand for mortgage applications fell by 3.7% last week, according to the Mortgage Bankers Association's survey, indicating shifting trends in borrowing activity.
James Whitlinger appointed as permanent CFO of Freddie Mac
Whitlinger, with a decade at Freddie Mac, steps up as CFO after Lown's exit, bringing extensive experience to steer the company's financial strategy.
Could the NAR-DOJ Dispute Reach the Supreme Court Soon?
The Supreme Court's consideration of NAR's writ could impact real estate regulations, raising crucial implications for private lenders in the industry.
CFPB Files Lawsuit Against Experian for Inadequate Consumer Dispute Handling
CFPB alleges a major credit reporting agency breached the Fair Credit Reporting Act, potentially impacting accuracy in consumer credit reporting for lenders.
CFPB introduces regulation to remove medical debt from credit reports.
New regulations amend Regulation V, enforcing the FCRA, to prohibit credit reporting companies from including medical bills in lender reports, enhancing borrower protection.
Key Steps for Initializing Your CRM System Effectively
Struggling with CRM implementation? Discover essential strategies and a clear plan to effectively utilize your CRM and enhance workflow in the mortgage industry.
Lower Acquires Software Company Neat Labs in Strategic Move
Lower has acquired Neat Labs to enhance its point-of-sale technology, creating a seamless application-to-funding mortgage platform for private lenders.
Berkshire Hathaway Energy Pursues Arbitration in Gibson Commission Case
Berkshire Hathaway Energy seeks a judicial review to compel arbitration in the Gibson commission lawsuit, impacting the real estate brokerage landscape.
John DiMichele Discusses the Current Landscape of Multiple Listing Services
Explore insights from John DiMichele, chair of CMLS, as he discusses the evolving role of MLSs in today’s dynamic real estate landscape.