Ellington Financial’s investment portfolio spans a wide range of financial assets, including residential and commercial mortgage loans, mortgage-backed securities, reverse mortgages, and other related investments. The company also holds consumer loans, asset-backed securities, collateralized loan obligations, and equity stakes in loan origination firms. The securitization comes as yield-seeking insurance companies increasingly shift their focus from … [Read more…]
Concerns about Gen AI’s ROI The findings come despite a previous report from Gartner that executives are getting impatient to see a ROI on Gen AI investments, as organisations struggle to justify their substantial investment in the emerging technology. As a result, at least 30% of generative AI projects are expected to be abandoned by … [Read more…]
According to the AEI, housing supply across many parts of the US remains limited due to restrictive land-use regulations and slow permitting processes, creating a bottleneck in home construction. These constraints prevent supply from expanding in response to increased demand, meaning the subsidy could drive prices up instead of alleviating the housing crisis. Housing supply … [Read more…]
What happens to tenants? For tenants, the end of LIHTC affordability can be a nightmare. Marina Maalouf, who has lived in a LIHTC apartment in Los Angeles for over 20 years, saw her rent jump from $1,100 to $2,660 when the affordability agreement expired. Like many other low-income tenants, this steep rent increase was far … [Read more…]
In today’s fast-paced mortgage landscape, the need for speed, accuracy, and compliance in appraisal reviews is critical. As rates fluctuate and concerns over appraisal bias grow, mortgage professionals face new challenges. PCV Murcor’s integration of machine intelligence is transforming the appraisal review process, enhancing quality control and meeting the industry’s demands for efficiency, quality, and … [Read more…]
This inflation moderation comes on the heels of a stronger-than-expected job growth report for September. The combination of slowing inflation and robust labor market data may influence the Federal Reserve’s decisions in the coming months. What does it mean for Fed rate cuts? The 254,000 new jobs added in September came as a surprise to … [Read more…]
Tyler Hodgson (pictured top), executive vice president of growth at UMortgage, told Mortgage Professional America being front and center amongst the borrowing community was essential for brokers and loan officers against those giants. “We’re going to face a battle when the refis start coming back against the current loan servicers,” he said. “These servicing companies … [Read more…]
“Licensees hold a position of trust in our communities and with this agreement, Colorado consumers will be protected from future harm,” Marcia Waters, the director of DORA’s Division of Real Estate, said in a press release. “All members of the public should be informed of the importance and long-standing ramifications of executing any documents which … [Read more…]
“It’s great news that starter homes are becoming a little more affordable, but there’s a catch,” said Redfin senior economist Elijah de la Campa. “Starter homes aren’t what they used to be. A decade ago, a turnkey four-bedroom house in a nice neighborhood was often considered a starter home, but today, a small fixer-upper condo … [Read more…]
Both chambers are scheduled to meet this month to try and match the two versions of the bill as closely as possible, with Sweeney hoping for a strong push by mortgage and real estate professionals to get the amendment over the line. “Everyone in the housing industry needs to complete a call to action emailing … [Read more…]