Home sales and prices increased across the Mid-Atlantic region.
Median sale price $460,000 and 2.3% annual rise in Bright MLS area indicate stronger borrower equity and steady demand-considerations for private lenders.
A weekly review of real estate hits and misses.
National push back on data centers, costly upkeep of older homes, and vacant celebrity mansions: lenders should reassess loan risk, pricing and exit plans.
Anticipating the CFPB’s Future Actions Following Vought’s Departure
The CFPB awaits Brian Johnson's nomination amid expanding state enforcement, raising the need for clarity among private lenders navigating regulatory changes.
Analysis of Home Equity Products for Senior Homeowners by NatEquity
Explore NatEquity's comparison of HECMs, senior HELOCs, HEIs, and HouseMoney, detailing costs, terms, and risks for senior homeowners looking for financing options.
Fairway Home Mortgage establishes nonprofit to address senior financial fraud.
Fairway Home Mortgage introduces Fairway SAFE, a nonprofit initiative aimed at educating seniors and professionals on preventing elder financial exploitation.
Trump’s Childhood Home Listed for Sale at $2 Million
Trump's childhood home is under contract for a $2 million sale, marking a notable transaction that may impact local real estate markets and investment opportunities.
Compass Lodges Ethical Complaints Against Zillow Across 26 States
Compass has filed ethics complaints against Zillow, accusing the company of false advertising across 26 states, 55 MLSs, and 30 Realtor associations.
Investor Restrictions for Single-Family Homes Enforced by ROAD Act
New legislation restricts institutional investors owning 350+ homes from acquiring more single-family residences, while allowing exceptions for build-to-rent projects.
MBA Reports Decline in Mortgage Credit Availability in June
MBA's MCAI declined 2% to 105.8 in June, driven by a 4.6% drop in government programs, while conventional lending saw a slight 0.1% decrease.
June Inflation Miss Suggests Rate Hike May No Longer Be Likely
June's CPI rose by 3.5% year-over-year, with a 0.4% monthly decline. Flat inflation trends could diminish expectations for a July rate hike, impacting lending strategies.