The mortgage industry was abuzz with news last week. Discover what this flurry of data could mean for mortgage rates in 2023, and find out what you should keep in mind as a private lender. Get the inside scoop on the state of the mortgage industry now.
"Cerberus Capital Management is a New York-based investment firm #looking towards the US market for growth in the #homeequity sector. With #demand on the rise, #Cerberus Capital seeks to seize opportunities and expand its presence in the #mortgage industry."
Unlock new mortgage opportunities for your business! The FHFA is considering granting access to the Federal Home Loan Bank network to more financial firms, including nonbank mortgage lenders. Learn how this could expand your bond portfolio and lead to valuable partnerships.
NexTier Bank announces acquisition of Mars Bancorp, boosting total assets to over $2.6 billion. Learn the story of this mutually beneficial deal and the positive impacts for private lenders.
"Encompass Lending Group has recently acquired Elite Financing Group in order to expand its operations and offer more reliable services to its private lenders in Texas. This transformation significantly increases the company's capability to deliver on its customers’ needs and expectations."
"The future of the mortgage industry is in focus! National Association of REALTORS® plans an emergency leadership team meeting to discuss the challenges and opportunities that could affect private lenders. Get the details and stay informed!"
An SEO-driven Description that Explores the Recent Mortgage Rate Spike - Private lenders take note: mortgage rates recently soared to their highest levels since 2022—reaching over 7%—and symbolizing a strong economy. Explore how the surge may affect the private sector and what to look for in the market for the remainder of 2023.
Mortgage applications for home purchases and refinances increased in the first five weeks after months of decline, but remain at low rates. Get the latest on how quantity & quality of mortgage applications affect the housing market from an industry expert.
An experienced Mortgage Industry Expert provides private lenders with summaries of real estate news. Learn the importance of agents in the industry & understand how they impact brokerage success. Get the advice you need to succeed in a competitive market.
This mortgage industry news summary speaks to a recent case of fraud within the sector. Private lenders will be interested to learn that four former employees of Lower were sued for misappropriation of funds - resulting in a financial loss of $4 million. Stay informed and seek expert advice on best practices for mortgage-security.
