Latest Updates Around The World
Private lending has matured. What was once a fragmented, relationship-driven corner of real estate finance has evolved into an increasingly institutional, multi-state industry with sophisticated counterparties, warehouse lines and capital partners. Yet one crucial area continues to receive far less attention than it deserves: mortgage licensing and compliance. For private lenders, especially those who make […]
Iran conflict Traditionally, when there was a military conflict in the Middle East, people expected money to flow into the US dollar and the US bond market as a safe haven, and oil prices to rise. But this really hasn’t happened in recent years. Part of this, I think, is that traders are not afraid […]
Mortgage spreads still the hero The improvement in mortgage spreads has been the most critical factor in interest rates moving toward multi-year lows. We have experienced a few times where the ten-year interest rate was below 4%, but the interest rate was not below 6%. If this were 2023, with the worst mortgage rate differentials, […]
Figure Chief Financial Officer Minchung Kgil said during the company’s earnings call Thursday evening that volume in the Consumer Loan Marketplace was “primarily driven by new partner expansion with 307 partners and continued volume growth from emerging products such as [small-business lending] loans and DSCR loans.” Figure CEO Michael Tannenbaum said this HousingWire at the […]
Reffkin’s confidence in this comes from the “historic alliance” he announced between Compass and Rocket companies Thursday afternoon. As part of the partnership, Compass’ Coming Soon Listings, and ultimately the Private Exclusive inventory, will be released Redfin from March 16. The listings will not show days in market or price history and agents will be […]
I have built an entire business based on relationships. Yes, I said it that way on purpose. According to Google, a relationship is “the way two or more concepts, or people, are connected, or the state of being connected.” And while the industry is currently obsessed with AI (I mean total obsession) about how artificial […]
Jay Bray, CEO of Rocket Mortgage, said the connection between brokers and Compass agents will be rolled out in phases. “There are existing partners that already have relationships with Compass agents. In phase two, we will actually proactively connect our broker partners with the Compass agents.” Bray said the housing market has been stagnant for […]
“After careful consideration, the Board of Directors unanimously approved this proposal because we believe Texas provides a governance environment that is clearer, more predictable and better suited to a company of our size and complexity,” Sanford wrote. “This is not a structural change in the way we operate. IT is a thoughtful evolution of the […]
Intermountain MLS – the largest multi-listing service in Idaho – has named Richard Gibbens CEO, effective March 30. Gibbens most recently served as CEO of the Kentucky-based company Bluegrass Realtorswhere he led modernization efforts, expanded broker collaboration and advanced data and technology initiatives. Before that he was director of Southwestern MLS at the Greater Albuquerque […]
