Rocket Reduces Workforce by 2% Following Redfin Acquisition Completion
Detroit's Rocket Companies announces layoffs shortly after acquiring real estate brokerage Redfin for $1.75 billion in stock, raising industry concerns.
Opendoor Emerges as Reddit’s Latest Memestock Sensation
Opendoor's equity price has notably surged, influenced primarily by discussions and activity within Reddit's Wall Street Bets subreddit, impacting market trends.
Mortgage Spreads Approaching Pre-Pandemic Levels
"Despite a tumultuous news cycle, mortgage rates held steady, influenced by enhancements in mortgage spreads, offering stability for private lenders."
Non-QM Loans: Transforming Homeownership in Today’s Economy
Explore the evolving U.S. mortgage landscape, where Non-Qualified Mortgages are reshaping lending practices to reflect modern earning and living trends.
Is REX Taking Its Legal Battle to the Supreme Court?
REX secures an extension to file a petition with the Supreme Court, indicating its intent to persist in the ongoing legal dispute.
California Home Sales Increase, Ending a Three-Month Decline
California's median home price has decreased, hitting $899,560. Explore insights on the current market shift in home sales and lending opportunities.
Milwaukee Nursing Home to Transform into Affordable Housing Development
Explore the transformation of a historic Milwaukee nursing home into affordable housing, highlighting opportunities for private lenders in emerging markets.
Leading San Diego luxury real estate firm partners with Compass
Leading private lenders recognize the group's success, with over $500 million in sales, highlighting their expertise in serving high-profile clients effectively.
ERA Real Estate Companies Combine Operations in Atlanta
The merged entity expands its presence in Georgia, covering key markets including Atlanta, Canton, Duluth, Marietta, Milton, Athens, and Savannah.
Federal regulators eliminate the 2023 Community Reinvestment Act rule.
The reinstatement of the CRA framework prior to October 2023 reflects a return to the 1995 rule, impacting private lenders and community investment practices.