Daniel Lewis, the new interim CEO of Better Home & Finance, wants the company to focus on “very select ideas that have a demonstrated product market fit.”
The new housing law’s restriction on large institutional investors’ ability to purchase single-family homes could boost demand for investment-property mortgages from mom-and-pop investors.
A couple of lenders of home equity line of credit products expanded their offerings in July, capitalizing on momentum in one of the few market segments with a bright outlook in the near-term.
Pending changes to bank capital requirements are unlikely to move depositories further into the mortgage lending space but could provide some additional flexibility to banks moving forward, according to Kroll Bond Rating Agency.
The homeowners-to-population ratio better reflects the share of adults who are homeowners, according economists at the Federal Reserve Bank of Minneapolis.