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New-home buyers have access to mortgage rates that resale shoppers can’t match
loantrust.ai

New-home buyers have access to mortgage rates that resale shoppers can’t match

Educational Scotsman Guide reports that a parallel mortgage market has taken shape around forward commitments from home builders, giving new-home buyers access to financing terms that buyers of existing homes simply cannot obtain. This bifurcation means two households with identical credit profiles and identical incomes can walk away with

Hans Michel/ / 2 min read
Michigan primary wins bolster momentum for zoning reforms
loantrust.ai

Michigan primary wins bolster momentum for zoning reforms

Educational HousingWire reports that Michigan lawmakers who cosponsored housing reform legislation cruised through their primaries with an average margin of 47.2 points, a showing that suggests voters are not punishing officials who push for zoning preemption even when local governments push back. The lopsided victories come as state-level

Hans Michel/ / 2 min read
People turning to BNPL loans to pay for rent, food and other necessities
renttrust.ai

People turning to BNPL loans to pay for rent, food and other necessities

Educational CBS MoneyWatch reports that more consumers are turning to "buy now, pay later" loans to cover rent, groceries, and other essentials, a trend consumer advocates read as evidence of deepening strain in household budgets. The spread of these short-term installment products into necessities marks a shift

Hans Michel/ / 1 min read
Report: New Atlanta apartments have shrunk considerably during boom
renttrust.ai

Report: New Atlanta apartments have shrunk considerably during boom

Educational BREAKING — Urbanize Atlanta reports that new apartments in the city have grown markedly smaller over the past decade of building, with units completed between 2016 and last year losing 47 square feet on average even as construction boomed. This runs counter to the national pattern, where new rentals have

Hans Michel/ / 1 min read
Will Kawhi Leonard be suspended by the NBA in Clippers punishment?
humanbygod.com

Will Kawhi Leonard be suspended by the NBA in Clippers punishment?

Educational Yahoo Sports reports that the NBA has delivered its verdict on the Clippers investigation, leaving open the question of whether Kawhi Leonard will face suspension and miss time this season. The uncertainty hangs over a franchise already navigating the pressures of contention, with a star whose availability has been

Hans Michel/ / 2 min read
NBA announces big penalties for Clippers, Steve Ballmer and Kawhi Leonard
humanbygod.com

NBA announces big penalties for Clippers, Steve Ballmer and Kawhi Leonard

Educational Yahoo Sports reports that the NBA has handed down significant penalties to the Los Angeles Clippers, team owner Steve Ballmer, and star forward Kawhi Leonard after a league-backed investigation uncovered a salary-cap circumvention scheme. The arrangement involved a so-called "no-show" endorsement deal that

Hans Michel/ / 2 min read
eXp ends mortgage JV with Kind Lending, eyes Newrez deal
loantrust.ai

eXp ends mortgage JV with Kind Lending, eyes Newrez deal

Educational HousingWire reports that eXp Realty is winding down its mortgage joint venture with Kind Lending, a partnership known as Success Lending that had originated roughly $270 million so far this year, while simultaneously exploring a new arrangement with Newrez. The move underscores how quickly corporate alignments in the real

Hans Michel/ / 2 min read
Angel Oak Mortgage raises $228.2 million from mostly non-QM assets
loantrust.ai

Angel Oak Mortgage raises $228.2 million from mostly non-QM assets

Educational BREAKING — National Mortgage News reports that Angel Oak Mortgage has raised $228.2 million backed primarily by non-qualified mortgage assets, with the bulk of the A1 tranches carrying an expected coupon of 5.83% and a single last-cash-flow tranche priced slightly higher at 5.93%. The

Hans Michel/ / 2 min read