Institutional real estate investors gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction.
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The Federal Housing Finance Agency today released Fannie Mae and Freddie Mac's long-awaited duty to serve plans for underserved markets. One item of note? Chattel loans.
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Flagstar Bank has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins.
Struggling to cope with the rising mortgage rate landscape, mortgage lender Better.com reported a loss of $303.8 million in 2021. As earnings continue to deteriorate, Better said it may need additional capital.
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