Mortgage Delinquencies Remain Steady at 3.35%
April delinquencies remained steady at 3.35%, while serious delinquencies increased to 577,000, indicating trends that may affect private lending strategies.
The Issue with Having 300 Integrations in Your Loan Origination System
Explore how the mortgage industry's reliance on complex software integrations can lead to inefficiencies, urging a shift towards cohesive platforms and true partnerships.
Highlights and Setbacks in Real Estate for the Week of May 18-22
Mortgage rates are increasing, impacting home sales in San Francisco. Barbara Corcoran also draws attention with her insights on the market. Continue Reading Hits and Misses for the Real Estate Week of May 18-22
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States Consider Loan Classification Amid Expanded HEI Regulations
State HEI legislation is evolving, with Maine establishing standards, Illinois updating licensing, and other states considering the classification of HEIs as loans.
Broker Public Portal Expands Cribio Amid Ongoing Data Control Discussions
Broker Public Portal announces Cribio's expansion with new MLS integrations, enhancing services for nearly 400,000 agents and three upcoming market launches.
Study highlights $880 million in subordinate liens on FHA mortgages.
Benutech reports that 82K FHA loans originated in 2023 carry additional liens of $20K or less, totaling $880M, complicating loss mitigation efforts for lenders.
New brokerage Showings focuses on buyer leads instead of listing commissions.
Showings aims to transform the real estate selling experience with a fee-free model focused on savings, efficiency, and enhancing buyer engagement.
Homeowners increasingly rely on equity as retirement expenses rise.
Explore how spending patterns among households aged 65 and older have evolved, with annual expenses now at approximately $122,000, reflecting significant growth since 2000.
Increase in Zombie Foreclosure Rates Observed in Second Quarter
Vacancies remain at 1.3% across U.S. residential properties, with nearly 245,000 homes facing potential foreclosure, signaling risks for private lenders.
Median Home Sales Price in Pennsylvania Sees Third Consecutive Yearly Increase
"Discover the significant 19% increase in median home sale prices, highlighting trends that may impact private lending strategies and market opportunities."