LGI Homes is trying to remove the reasons buyers keep waiting
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Later life lending jumps in Q2: UK Finance – Mortgage Strategy
Lending to borrowers aged 55 and over surged by more than 20% year on year to £6.2bn in the second quarter, but UK Finance says last year’s figure was depressed due to the stamp duty deadline. The industry body says there were 37,300 new loans advanced to older borrowers in Q2, up by 13.4% year…
Home Depot and Lowe’s Battle Over the Maintenance Economy
Second quarter results from Home Depot and Lowe’s offer perhaps the clearest evidence yet of how a prolonged period of elevated mortgage rates is changing where money flows inside the roughly $1 trillion U.S. home-improvement economy. Homeowners who are reluctant to move are also reluctant to finance expensive renovations. At the same time, houses continue…
Fannie Mae dismisses senior staff in another leadership purge
Fannie Mae dismissed at least 10 senior executives this week in another wave of turnover at the government-sponsored mortgage investor. A source with direct knowledge of the situation confirmed that the employees were based in the company’s Washington, D.C., headquarters and were terminated within a three-hour window on Wednesday. They attributed the layoffs to much…
Rockefeller expands in Ohio with Jones Wealth Partners team
Jones Wealth Partners is headed by private advisor and managing director Sidney Jones. Credit: mojo cp/ Shutterstock.com. Rockefeller Global Family Office has deepened its footprint in Ohio by bringing in Jones Wealth Partners and setting up an office in Columbus. Jones Wealth Partners works with high-net-worth and ultra-high-net-worth clients, as well as multigenerational families, on…
Real Capital Solutions Launches $350M Distressed Office Acquisition Fund – Commercial Observer
Real Capital Solutions (RCS), a real estate investment firm headquartered in Colorado, has launched a new $350 million fund that will target acquiring distressed Class A and Class B offices across the U.S., Commercial Observer can first report. The fund, RCS Contrarian Office Fund, plans to lever-up and ultimately acquire up to $850 million of…
The refi rate threshold brokers need to prepare for now, says mortgage CEO
“I don’t think we are 100% done, to be honest,” he said. “The process will be done by the end of the year, full automation with AI on underwriting everywhere. Not 100% of underwriting is automated, but it will be by the end of the year. January 1, 2027, we’ll be ready with the fully…
