Freddie Mac Posts Net Income of $2.9B in Q2
Freddie Mac increases net income 41% in Q2: Global Government-Sponsored Mortgage Provider Generates $2.94 Billion in Resulting Profitability Up 20% from Same Period Last Year.
i to drive mortgage lending transformation MMI Buys Bonzoi to Transform Mortgage Lending
"MMI is the leader in creating cost-effective, consolidated solutions for private lenders. With the acquisition of Bonzo, MMI offers a comprehensive and integrated approach that helps borrowers get the financial relief they need."
Rithm Delivers Profits, Spins Off Mortgage Business from Q2 Results.
"Private lenders such as Rithm Capital are leveraging surging rates and increasing capital requirements for banks to acquire diversified assets and operational platforms. Rithm's leading edge approach is exemplified as they prepare to spinoff their mortgage business for added success."
Fannie Mae posts Q2 Profit of $5B Despite Forecasts for an Economic Downturn
This year, Fannie Mae's forecast predicts a 3.9% increase in home prices, despite an expected recession in Q4 2024 or Q1 2025. Private lenders can stay informed of the most recent mortgage industry news and insight from a top industry expert. Get the latest information and stay ahead of the curve.
Foreigners Purchased $53B in US Existing Home Sales, Down 10%
With historically low mortgage rates attributed to the purchase of U.S. existing homes, foreign buyers took advantage in 2021, investing $53.3B in real estate. Analyzing data from Apr - Mar, transactions were down 9.6% from the prior year. See the full report to learn more.
Chime Enables Seamless Mortgage Experience with ChatGPT Integration
Generative AI & ChatGPT technology combine to make real estate content creation easier & faster than ever: Discover how Chime Technologies of Phoenix, Arizona has advanced their platform to offer expedited content creation services for real estate marketing & communications.
JPMorgan to Purchase Nearly $2B of Mortgages from PacWest Deal
Discover how JPMorgan Chase is partnering with private lenders to buy $1.8 Billion of residential loans with potential savings for these lenders. Learn about this innovative agreement and why it could bring significant benefits for private lenders.
Real Estate Agents Should Prioritize Serving Their Community
Agents can make a positive contribution to their local community by volunteering with organizations that provide assistance to the homeless, organize neighborhood cleanups, or spearhead education initiatives. Make a meaningful difference in your local community today and get involved!
Closing Delayed but Loan Documents Updated: What Is the Next Step?
Meta Description: Discover how to successfully navigate the tricky situation when loan documents are dated for this month but the closing gets delayed until next month. Get expert advice and solutions for lenders to help make sure your transactions close on time.
New Bank Rules Tighten Mortgage Lending Rules
This meta title explains the potential impacts of a residential mortgage portfolio regulation proposal on the domestic banking industry. With this in mind, find out how private lenders could be affected by unanticipated changes to international standards. Discover the implications that this could have on trade groups and the wider economy.