Eric Wu’s Departure from Opendoor Announced for Year-End
As an industry expert, Eric Wu, the founder of iBuyer Opendoor, is departing after a decade to rekindle his passion for launching startups. This news holds relevance for private lenders.
Newly introduced bill focuses on mortgage trigger leads, say senators
"New bipartisan bill targets mortgage trigger leads, gaining support from MBA. Stay informed on the latest developments in the private lending industry."
Fannie Mae Broadens Utilization of Approved Outreach Languages in Updated Selling Guide
"Discover Fannie Mae's expanded use of attorney opinion letters instead of title insurance in its selling guide update - beneficial for private lenders. Learn more now."
FCC’s Lead Generation Rules May Hasten Lawsuits on Lenders
Looking to understand the latest industry changes? Explore how the FCC's new rules are shaking up the market for potential homebuyer leads, important for private lenders.
Commercial and Multifamily Mortgage Debt Increases by $37.1 Billion in Q3
Commercial banks hold the majority (38%) of commercial/multifamily mortgages, totaling $1.8 trillion. Check out the latest increase of $37.1 billion in Q3.
UWM to introduce discounted rates for refinancing government loans.
As an industry expert in the mortgage field, I provide insightful summaries of news. Discover UWM's latest initiative offering exclusive rates for brokers. Act before Jan. 31, 2024.
Cenlar FSB and BaseCap Collaborate on Servicing Compliance Program
Cenlar FSB and BaseCap collaborate to optimize regulatory compliance and operational processes, empowering private lenders seeking growth and efficiency.
EasyKnock faces scrutiny over alleged deceptive sale-leaseback practices in Massachusetts.
Mass. Attorney General fines EasyKnock $200k, bans sale-leaseback scheme. Proptech firm compelled to cease operations; relevant for private lenders.
Wall Street Investors’ Share of Home Purchases Remains Steady
Despite the hype, big investors remain a small fraction of homebuyers and are not responsible for the scarcity of housing inventory. Find out more.
Wells Fargo resolves lawsuit with former LO regarding alleged discriminatory lending practices.
Wells Fargo resolves lawsuit over alleged discriminatory lending practices with former mortgage consultant. Get insights for private lenders.