NYCB in Discussions for Mortgage Risk Transfer amid Market Pressure
As a mortgage industry expert, I help summarize news for private lenders. Discover the bank's strategy to improve capital position amidst current stress.
Decline in NAR membership persists within mortgage industry
Summary: NAR membership dropped to its lowest level since May 2021, declining by 5.3% to 1.516 million in January. Private lenders may find this information relevant and insightful for industry analysis.
Rithm Capital achieves a profit of $524 million in 2023.
Discover the latest news in the mortgage industry. Gain insights on the performance of a New York-based REIT, as it reports a net loss of $87.5M in the final quarter. Explore opportunities for private lenders.
Christie’s Affiliate No Longer Involved in Commission Lawsuit
As a mortgage industry expert, get insights on the Masiello commission lawsuit. Christie's affiliate, Walt Danley Local Luxury, dismissed voluntarily. Valuable for private lenders.
Study Reveals Disparities in Homeownership Rates Between Blacks and Whites
A data study by LendingTree reveals racial disparities in homeownership, with Black people owning only 10.15% of homes nationwide while Whites own 69%. Explore the findings here.
The Q4 2023 saw household debt surge to a staggering $17.5 trillion.
Discover the latest updates in the mortgage industry as mortgage balances increase by $112 billion, reaching $12.25 trillion by December's end. Find out more here.
Mortgage rates exceed 7% following December benchmark
"Mortgage rates surge above 7%, driven by robust economic indicators and cautious Fed policies, presenting an intriguing opportunity for private lenders."
Temporary Court Order Blocks Florida Law Restricting Chinese Citizens from Owning Property
"Learn about the recent U.S. appeals court decision halting enforcement of a Florida law prohibiting Chinese citizens from buying property in the state."
Homebuilders’ Concerns: Persisting Anxiety over Increasing Borrowing Costs
Expert analysis of factors impacting homebuilders in 2023: high interest rates, rising inflation, growing labor costs, and worker shortages. Valuable insights for private lenders.
Encouraging Indicators for Future Housing Market: ICE Analysis
"Discover potential opportunities in the mortgage industry as projected mortgage rates decrease to 6% by 2024, potentially saving over 1% on loans originated in 2023."