Fannie Mae enhances HomeReady program with $2,500 temporary credit
Discover how the latest steps by the GSE have strengthened best efforts commitments on HomeReady, providing valuable insights for private lenders.
Increase in mortgage delinquencies attributed to calendar impact, according to industry expert.
Looking for insights on mortgage industry news? Delinquencies in December slightly increased, but it's important to note that the rise is mainly attributed to calendar effects. Discover more here.
eXp Realty Faces Third Sexual Harassment Lawsuit
As a mortgage industry expert, discover the latest news regarding eXp Realty, the top-ranked brokerage in the country, facing a new lawsuit alleging sexual harassment. Relevant and insightful information for private lenders provided.
Country Club Mortgage’s Workforce Reduction: Employee Layoffs and Office Closures
Country Club Mortgage, a California lender, will lay off 100+ employees, including its president and CEO, following facility closures in a significant setback for the company.
Patriot Bank Settles DOJ’s Redlining Accusations for $1.9M
Discover the DOJ's allegations against Patriot Bank, accused of avoiding mortgage services in Tennessee's majority-Black and Hispanic neighborhoods. Patriot denies redlining allegations. Stay informed.
Ameris Bank Introduces Borrower Assistance Program in Jacksonville
Learn about Ameris Bank's Borrower Assistance Program in Jacksonville, following their $9 million settlement last October to resolve redlining allegations. Private lenders may find this program interesting.
New York State concludes 2023 with historically low home inventory levels
Discover the latest trends in the mortgage industry as New York State experiences record-low home inventory, attracting private lenders.
Potential resurgence of housing market downturn raises concerns for 2024.
Discover the latest insight on bidding patterns for distressed property auctions. Daren Blomquist of Auction.com observes a post-mid-2023 rebound slowdown, appealing to private lenders.
The growing significance of the U.S. rental market amidst ongoing challenges in the for-sale market.
As a mortgage industry expert, I offer a clinical summary on the 2024 rental market. Discover the dynamic and relevant trends shaped by economic and societal shifts, highlighting affordability challenges and increased flexibility. Explore how the rental market continues to be crucial in the real estate landscape.
December Sees Decrease in Housing Construction Activity
Discover the latest industry news: December sees a decline in housing starts by 8.6%, offering valuable insights for private lenders. Read more.