Mortgage Industry Response to Potential Shutdown of VA Servicing Program
The VA outlined plans to wind down the VASP servicing program, eliciting diverse responses from industry experts, highlighting implications for private lenders.
Mortgage Demand Declines 13% Amid Rising Interest Rates
Mortgage rates climbed to 6.90% this week, leading to a decrease in applications. Insights from MBA's Joel Kan highlight market shifts for private lenders.
Renting Surpasses Buying: Unprecedented Competition in Rental Market
As rental demand intensifies during the summer surge, private lenders must navigate a highly competitive market with fast-moving listings and increased investment opportunities.
Lender Strategies for Utilizing Down Payment Assistance to Aid Borrowers
The rise of down payment assistance programs by 43 in Q1 has expanded options for borrowers, now totaling 2,509 programs for financing assistance.
Lenders need to rethink strategies to maintain accessible homeownership opportunities.
Discover how the Spring housing market influences buyer activity and presents unique opportunities for private lenders amid a challenging interest rate landscape.
Average Closing Costs for Home Purchases Exceed $4,600
Closing costs vary significantly by state, with South Dakota at 0.46% and Delaware at 2.99%. Understanding these differences can aid private lenders in pricing strategies.
Pulte declares completion of leadership changes at the GSEs.
Pulte emphasizes a shift towards growth, affordability in homeownership, and the elimination of mortgage fraud, outlining a strategic focus for the future.
Planned Surfing Lagoons in Utah’s Master-Planned Community
Explore an innovative 30-acre master-planned community in Utah, featuring 65 short-term rental properties centered around unique surfing lagoons.
Global Title Insurance Market Anticipates Consistent Growth
The title insurance market is projected to reach $5.69 billion by 2034, reflecting a stable growth trend that may impact private lenders and market dynamics.
Ohio Attorney General Files Lawsuit Against United Wholesale Mortgage
Ohio's Attorney General has filed a suit against United Wholesale Mortgage, alleging collusion with brokers, raising significant implications for private lenders.