Joel Berner, a senior economist at Realtor.com, said renovated homes still catch buyers’ attention, but financing the cost of those improvements at today’s rates is less appealing to price-sensitive shoppers.
Homeowners said in a recent Hometap survey that traditional home equity solutions do not fit their needs and they are looking for more flexible finance options.
The CFPB adjusted the appraisal exemption threshold; Velocity Financial agreed to sell UPB of non-performing loans and entered a third-party servicing mandate.
The $216.0 million securitization is backed by energy-as-a-service contracts. The ABS is supported by 1,445 leases to customers primarily from the health care, industrial and consumer staples industries.
The federal banking regulators opposed Colorado’s attempt to enact a law that would allow the state to make out-of-state banks subject to its interest rate caps when lending to Colorado borrowers.
Joe Gormley, Ginnie Mae’s recently confirmed president, informed investors about the agency’s ongoing shift to a system that allows for loan-level transfers of mortgage servicing rights, and its efforts to improve cybersecurity and explore artificial intelligence applications.