Former Martha’s Vineyard Rental of Obama Listed for $39 Million
Explore the luxury market with insights on Obama's former Martha's Vineyard rental, now listed at $39 million. A compelling opportunity for private lenders.
Easter-Inspired Decline in Home Sales Conceals Recent Growth Trends
Pending home sales dipped to 68,000 single-family contracts, marking a notable Easter lull and the first drop below 2024 levels in six weeks.
Maintaining Compliance: The Importance of vigilance for Lenders
Explore insights from compliance experts on the importance of maintaining loan quality and internal controls amid shifting federal oversight in the mortgage industry.
HUD Watchdog Memo Addresses Fraud, Technology, and Safety Concerns
HUD's acting watchdog urges action on fraud, counterparty risks, tech vulnerabilities, and health hazards, emphasizing the need for improved oversight and safeguards.
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.