REI INK

VP of Largest Black-Owned Mortgage Lender, Legacy Home Loans, Receives Industry-Wide Recognition

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At a time when some real estate finance leaders have questioned the existence of Black talent within the industry, LEGACY Home Loans is starting the year off strong, celebrating the various wins of its Vice President of Operations, Jammie Jelks, who has been accepted into Forbes’ Real Estate Council—an invitation-only community for executives in real estate. Along with this great distinction, Jammie Jelks has also been named a “Visionary” by the National Association of Minority

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Toorak Capital Dedicates $500 million to Acquire Long-Term Rental Investor Loans

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Toorak Capital Partners (Toorak), the largest capital provider to the residential bridge real estate lending industry, has announced a major capital commitment to its unique Long-Term Rental Investor Loan program. Toorak will dedicate up to $500 million over the next year to purchase these loans in response to continued strength in the residential rental market and growing demand from investors utilizing ‘fix to rent’ strategies. “Single-family rentals have been one

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Realtor.com® Selects Qualia to Deliver Simplified Digital Home Closings

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Realtor.com® and Qualia today announced a new relationship that will give agents and their clients a unique ability to collaborate online in real time with their title provider of choice as part of a fully integrated digital closing experience.  The experience will first launch next month as a pilot test in seven states across the country, followed by a nationwide launch later this year. The seven states are Florida, Maryland, Ohio, New Jersey, Pennsylvania, Texas, and Virginia. “Realtor.com® believes

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Black Knight’s First Look: 2020 Ends With 1.7 Million More Seriously Delinquent Homeowners Than at Start of Year; Foreclosures at Record Low

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Black Knight, Inc. (NYSE: BKI) reports the following “first look” at December 2020 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 6.08%Month-over-month change: -3.90%Year-over-year change: 78.93% Total U.S. foreclosure pre-sale inventory rate: 0.33%Month-over-month change: 1.30%Year-over-year change: -27.77% Total U.S. foreclosure starts: 7,100Month-over-month change: 61.36%Year-over-year change: -82.03% Monthly prepayment

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OWNING A HOME MORE AFFORDABLE THAN RENTING IN NEARLY TWO THIRDS OF U.S. HOUSING MARKETS

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ATTOM Data Solutions, curator of the nation’s premier property database, released its 2021 Rental Affordability Report, which shows that owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed for the report. That has happened even though median home prices have increased more than average rents over the past year in 83 percent of those counties

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Investor Profile

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Vince and Noelle Mora ACHIEVING WORK-LIFE BALANCE Achieving a “work-life” balance is a basic human need and desire that everybody strives for, but few ever achieve. For Vince and Noelle Mora, that is the very reason they started VinLex Ventures LLC, an independently owned and operated HomeVestors® franchise, in 2014. “I needed to be my own boss and get some balance in my life,” said Vince. “I needed to avoid

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