Fannie Mae terminates over 100 employees for unethical behavior.
Fannie Mae's recent firings may relate to a matching grants program linked to an Indian-American nonprofit, raising questions about funding and oversight.
UWM and Google Form AI Collaboration for Mortgage Industry Solutions
UWM has formed a strategic AI partnership with Google Cloud, aiming to drive modernization in the mortgage industry through innovative technology solutions.
Pulte announces cancellation of $6.4 million in DEI initiatives at Fannie and Freddie.
Bill Pulte expressed concerns on X regarding the rescindment of DEI policies at FHFA, sharing his perspective on the implications for GSEs and private lenders.
Neighborhood Ventures Purchases Foreclosed Phoenix Multifamily Asset for $11 Million
Neighborhood Ventures expands its portfolio by acquiring a foreclosed multifamily property in Phoenix, showcasing a strategic move in distressed asset investment.
Los Angeles Apartment Complex BW Acquired for $58.1 Million
Explore the recent sale of The BW in Los Angeles, featuring a diverse range of studio to three-bedroom units, attracting attention from private lenders.
NAMB Launches Hive, a Digital Community for Mortgage Professionals
Join Hive, led by NAMB’s Jason Frazier, to engage with private lenders in an online forum designed for collaboration and industry insights.
HUD reaffirms stance: No FHA financing for unqualified immigrants.
Turner updates HUD partners on the importance of a recent immigration-related executive order, emphasizing its impact on housing assistance and funding priorities.
Retiree Relocation Activity Declines by Almost 25%
Elevated mortgage rates and high home prices are contributing to limited mobility among retirees, impacting market dynamics and private lending opportunities.
Crescent Seas Expands Nautical Residential Portfolio with Second Ship
Discover the Insignia, featuring 290 luxury residences priced from $650,000 to $10 million, enhancing Crescent Seas' diverse residential portfolio.
Roam Secures $11.5 Million to Enhance Access to Assumable Mortgages
Roam, a New York-based platform facilitating home purchases with assumable low-rate mortgages, has raised $11.5 million in Series A funding from Khosla Ventures.