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News Updates

Economy Expected to Heat Up Through the Summer as Inflation Risks Mount

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Lack of Listings and Increasing Supply Constraints Continue to Limit Existing and New Home Sales Expectations for full-year 2021 economic growth were revised upward in May to 7.0 percent, a modest improvement from last month’s projection of 6.8 percent, attributable primarily to stronger-than-expected first quarter real GDP growth and an improved near-term outlook for consumer spending, according to the May 2021 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group.

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Fannie Mae Announces Sale of Non-Performing Loans

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NPL 2021-1 Includes the Company’s Seventeenth Community Impact Pool Offering Fannie Mae (OTCQB: FNMA) announced its latest sale of non-performing loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio, including the company’s seventeenth Community Impact Pool (CIP). CIPs are typically smaller pools of loans that are geographically focused and marketed to encourage participation by non-profit organizations, minority- and women-owned businesses (MWOBs), and

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Home Equity Continues Growing in U.S. During First Quarter of 2021 as Market Remains Resistant to Pandemic

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Equity-Rich Properties Outnumber Seriously Underwater Homes by Seven-to-One Ratio; Portion of U.S. Homes Considered Equity-Rich Up To 32 Percent; Seriously Underwater Properties Below 5 Percent ATTOM Data Solutions, curator of the nation’s premier property database, released its first-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 17.8 million residential properties in the United States were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was

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U.S. Foreclosure Activity Declines As Government Moratorium Passes One-Year Mark

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Foreclosure Starts and Completed Foreclosures Decrease 1 Percent from Last Month, 17 Percent Compared to April 2020 ATTOM Data Solutions, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), a foreclosure listings portal, released its April 2021 U.S. Foreclosure Market Report, which shows there were a total of 11,810 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 1 percent from a month

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RCN Capital Surpasses 10,000 Loans Funded

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Origination Milestone Confirms Company’s Strength in the Private Lending Industry RCN Capital, a leading nationwide private lender specializing in providing financing for real estate investors, announced that it has funded over 10,000 loans since its inception in 2010, affirming the company as an influential lender in the space. This is the second funding milestone RCN Capital has reached in 2021. RCN, which offers financing for short-term fix & flip projects,

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Redwood Trust Announces Expansion Of Leadership Team

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Brooke Carillo To Join As Chief Financial Officer Redwood Trust, Inc.(NYSE: RWT), a leader in expanding access to housing for homebuyers and renters, announced that Brooke Carillo will join Redwood to serve as its next Chief Financial Officer.  Ms. Carillo is expected to start at Redwood in May 2021 and will report to Redwood’s Chief Executive Officer, Chris Abate.  Mr. Abate stated, “We are very pleased to welcome Brooke to Redwood. She brings to us

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